Binance Says January-February 2026 OTC Volume Reached 25% of 2025 Full-Year Total

According to Binance, institutional over-the-counter trading demand increased sharply early in 2026, with Bitcoin’s share of OTC activity rising significantly and a large WBETH-to-ETH trade highlighting execution capacity.

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36d ago

Summary

Binance said institutional demand rose sharply in its OTC market, with January-February 2026 trading volume already reaching 25% of the platform’s full-year 2025 OTC volume. The report said BTC’s share of OTC trades increased from 4.91% in January to 45.81% in February. Binance also cited a $105 million WBETH-to-ETH transaction that was completed in two hours with about 50 basis points of slippage as an example of large-trade execution.

Terms & Concepts

OTC: Over-the-counter trading refers to direct transactions between parties outside a public exchange order book, often used for large crypto trades to reduce market impact.
WBETH: WBETH is a wrapped token representing BNB Chain-based tradable value linked to staked Ether positions, designed to provide liquidity while retaining staking-related exposure.
slippage: Slippage is the difference between an expected trade price and the actual execution price, often used to measure market impact during large transactions.