Actions and other traders of traditional financial assets around the world wish to be able to buy and sell assets 24 hours a day, which has enabled two of the largest stock markets in the United States, the NASDAQ and the New York Stock Exchange (NYSE) to offer 24-hour exchanges.
“We certainly see that this is where the markets move,” said Giang Bui, head of American action and products negotiated in Nasdaq, speaking on Thursday at Digital Asset Summit in New York. “There is a lot of demand worldwide for American actions and people want to negotiate in the hours when they are generally awake, and I think a lot is because people are used to negotiating the Crypto 24/7.”
The Nasdaq and the NYSE are both receiving approval to open their sites 24 hours a day, for five or even seven days a week. The NASDAQ recently announced that it had started to engage with regulators about change while the NYSE had already received the green light.
Trading 24 hours a day can have several advantages for markets, including an increase in market volume and liquidity because traders are not linked to specific time zones. Currently, the US stock market opens for trade at 9:30 a.m. and ends at 4 p.m. he.
“We understand it to all the world dealers of brokers, customers they maintain, even in the United States, there are a number of us, American brokers, who already offer trading overnight because their customers are used to negotiating crypto in these hours,” added Bui.
The NASDAQ lists a number of Crypto -related products, including the Ishares Bitcoin Trust (IBIT), the ETF spot published by Blackrock, which saw the most successful beginnings in the history of the launches of the American ETFs. Earlier in the day, the exchange listed two ETFs in the long term Solana (soil) issued by volatility actions.
