Binance Adds Two New Assets and New Pairs to Seven Existing Assets on the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/0c5b41327d8149499c8d8c185a99b0c5

Binance Adds THETA, ICP, AVAX & TFUEL to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/666e4dfcf59c4a9f856d923b9e10f9d7

Binance Adds 14 New Tokens and Multiple New Trading Pairs to the Convert & OTC Portal
https://www.binance.com/en/support/announcement/4c79624ccb9845d89c4a3eb50cc088c5

Binance Adds 39 New Trading Pairs to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/f3cd06d605f344fa864355373efcd483

Binance Adds 18 New Tokens and Multiple New Trading Pairs to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/221055b0e8eb465db3cfc9a77e4953d5

Binance Adds 9 New Tokens to the Convert & OTC Portal!
https://www.binance.com/en/support/announcement/25266c9d8c2448be8e8a3aa26a4ce9ba

Binance Adds 19 New Tokens and Multiple New Trading Pairs to the Convert & OTC Portal
https://www.binance.com/en/support/announcement/6b3ce074b4fb4c328a8368877e85ebf2

Good morning from the Binance OTC desk!

Chaos continues as Terra’s algorithmic stablecoin is still experiencing extremely high levels of volatility as it lost its peg from USD. Yesterday UST saw lows of 0.6059 and after making somewhat of a recovery back up to 0.94, it almost immediately sold off this morning hitting new lows of 0.225. $LUNA a coin which seemed to be almost impregnable to the bear market has lost over 90% of its value within a few days, a sight that no one expected to see. At the moment the future of Terra’s ecosystem seems uncertain as it all collapsed within itself, lets see what Do Kwon has to say and if he has any plans to do what almost seems impossible right now, save Luna.

Currently BTC is trading within a downtrending channel on the 15M chart, after an extremely red week 30k has held up nicely as a strong level of support on the higher time frame. Moving forward the bulls will need to see this level hold if we are to expect any signs of a reversal to take place. As always with unexpected events, volatility creates opportunities both in the short and long run, please do get in touch with the OTC desk if we can help buy or sell any coins. Stay safe!

@TylerBinance

[email protected]


Note: We will be moving this channel in the very near future, please keep an eye out for updates!

Good afternoon from the Binance OTC desk!

After an extremely brutal 2 weeks, BTC seems to be showing early signs of recovery. Last week BTC hit a yearly low of around $26,700 and since then has been trading in a short term uptrend as local market structure has changed direction. As to be expected much of the crypto community is calling this the ‘Bottom’, whilst this is a nice thought to have, I believe right now this is extremely optimistic as BTC is not out of the woods yet. As of now BTC is approaching a local high of $31,350, the bulls will need to break through this level in order for short-term market structure to remain uptrending, once that is clear the next challenge is a weekly resistance of $32,500; which BTC failed to trade above prior to collapsing last week. Trading above $32,500 will be a big win for the bulls, indicating that market structure on the higher time frame will have shifted, leaving greater upside potential (providing it is not a fakeout). At the moment one other factor to be cautious of is trading volume, looking on the hourly chart since the 12th, whilst price has been steadily rising, trading volume has been decreasing, suggesting bearish divergence.

Over the past week the OTC desk has seen significant increase of interest in the following coins:

SOL
XRP
KLAY
AVAX

With the prevailing macroeconomic climate and technical indicators manage risk accordingly. Do get in touch with the OTC desk for fast execution, tight spreads, zero slippage and fees!

@TylerBinance
@jvanderboom
@colincx
[email protected]

Good evening from the Binance OTC desk!

Our weekly market report is now published, enjoy!

https://www.binance.com/en/news/top/7116112


If you do wish to trade, please reach out to us!

@TylerBinance
@jvanderboom
@colincx
[email protected]

note
For trade sizes less than 100k dollar notional value, please use our convert portal which can be found here: https://www.binance.com/en/convert

Good morning from the Binance OTC desk!

Following a volatile week, BTC had an active weekend compared to previous weeks. Friday’s price action found strong support at $28,600 and formed a short term uptrending channel over the weekend with price steadily rising. Yesterday morning (UTC+0) BTC unexpectedly saw a 3.21% pump, breaking out of a high timeframe downtrending parallel channel, perhaps an early signal for a green week. At this current moment in time, BTC is trading at $30,500 which is a previous daily resistance.

Whilst seeing these movements to the upside is a pleasant sight, it is important to understand where BTC is on the bigger timeframe and identify each probable scenario;
BTC see’s steady consolidation at this current level ($30,500) buying volume steps back in and begins climbing to previous highs ($31,300). Before further steady movement to the upside, indicating a shift in market structure.
BTC rejects off current resistance, selling pressure takes control of the narrative, returning towards the downside, indicating a fake out and retesting old support levels
BTC remains range bound trading sideways between $31,300 & $28,800 before loading up for its next big move in either direction, dependant on the current macroeconomic climate

Our OTC desk is seeing significant interest in the following coins:
PYR
GAL
JASMY
ZEC

Do not hesitate to reach out to us, if you wish to trade or discuss any ideas. As always please ensure the appropriate risk management techniques are taken into account!


Note: The above does constitute investment tips of Binance’s official positions, trade with discretion

Good morning from the Binance OTC desk!

Earlier this week BTC saw volatile price movements, but as the week progressed BTC appears to be trading within a tight range, highs being around $29,950 and lows $29,300. Right now looking at the charts it is quite difficult to decipher what is going on, as it stands on the higher time frames market structure is still pointing towards the downside as price fails to trade above any significant high. Fundamentally amongst the crypto community many are discussing the legitimacy of the biggest stablecoin, USDT, it is hard not to think about the repercussions this would have on the market if it were to prove illegitimate as this would certainly induce a crypto winter and change the space as we know it. On the other hand I am one to always think on the flip side and do wonder what would happen if the unexpected was to occur? USDC fails instead. Something to think about for the rest of the week!

BTC Levels of interest:
$30,500
$28,670

The OTC desk has seen significant interest in the following coins this week:
TRX
SAND
MANA
ATOM

Do get in touch with the OTC team for any of your trading needs and as always trade safe!


Minimum OTC trade size $100k

Good evening from the Binance OTC desk!

Enjoy this weeks market report:

https://www.binance.com/en/news/top/7120893

Do get in touch with the OTC desk for any of your trading needs!

[email protected]

Good afternoon from the Binance OTC desk!

Following on from last week, BTC was showing early signs of a recovery with unexpected pumps occurring throughout the week. Whilst we were seeing intraday swings, the $28,500 support level held well as short sellers continuously tried to drive prices below this level but failed. As the week progressed we identified a textbook example of a descending triangle forming on the H4 chart, but this was shortly invalidated over the weekend as BTC rallied over 11%. Of course hindsight is everything, looking back over the charts with the bears failing to break down past $28,500 this was a good indicator that the bulls were in control of the narrative and that the probabilities were in favor for the upside in the short term (congrats if you caught this move!).

As it stands, BTC is trading above previous highs of $31,490 and has formed a range with the top being around $31,830. Initially this is a very bullish move and is a good sign the market may return towards the upside, however, we will need to see a period of consolidation above this high and see an increase in buying pressure. A (successful) further move to the upside above $32,500 will cement a shift in market structure and present longer term buy side opportunities. That being said, until this shift in market structure occurs, there is still the probability that we could see some sort of bearish retest, approach with caution!


BTC Levels of interest:
$32,200
$31,450

The OTC desk has seen significant interest in the following coins this week:
ADA
WETH
BEL

Binance is currently an axed seller of EUR and is offering tight spreads across all stablecoin swaps! Do get in touch with the OTC team for any of your trading needs and as always trade safe!

Good evening from the Binance OTC desk!

Please enjoy this weeks market report! The market has moved a fair bit since writing this, but nonetheless still a good read!

As always please do get in touch with the OTC team for all your trading needs!

Good morning from the Binance OTC desk!

Since the start of the week BTC has been extremely volatile with wild swings in both directions, Monday evening (UTC+1) we saw a sudden drop of just over 7%, which was short lived as BTC rallied over 7% again, as if the bears and bulls are playing a game of cat and mouse. Looking at the charts not much has changed as BTC is still trading between the macro range which was formed at the start of May $32,200 & $27,800, one thing that is noticeable is that selling volume is considerably greater than buying volume as each short term pump is accompanied by below average buying volume. As of now BTC is trading at an awkward point on the chart currently at $30,400 which is the middle of this week's range with what looks to be a symmetrical triangle, forming on the 15m chart giving equal probabilities to a move in either direction. Overall the bigger picture still remains the same which is trade the range until it breaks and wait for confirmation of the next move!

We are currently offering tight spreads on stablecoin swaps and are axed sellers of EURO.

Please do get in touch with the OTC team for any of your trading needs.

[email protected]

Good afternoon from the Binance OTC desk!

Please find attached this weeks market report, it will also be uploaded onto the website later on today.

Do get in touch with the OTC desk for your trading needs, we ae currently offering tight spreads across all stablecoin swaps and are axed sellers of EUR.

Weblink: https://www.binance.com/en/news/top/7129058

Good afternoon from the Binance OTC desk!

Please find attached the PDF version of this weeks report, it will be uploaded to the news page later on today.

Do get in touch with the OTC desk for your trading needs, we are offering extremely competitive spreads across all trading pairs!

Have a great weekend!