US stocks are also moving toward a “near 24/7” model: the SEC has approved Nasdaq and NYSE Arca’s extended-hours trading proposals. This roughly enables about 22–23 hours on weekdays. Nasdaq would split the schedule into a daytime session from 4:00–20:00 ET and an evening session from 21:00–4:00, with one hour in between reserved for system maintenance. NYSE Arca aims to roll out a 23-hour session starting December 6. Trading remains closed on weekends. In the same period, Binance posted a note about its tokenized US stocks bStocks: for the week ending July 28, about 92% of on-chain trading volume occurred during US regular market hours, and overall about 44%–47% of trades also took place outside regular hours. Regulators have opened the door wider—but whether there is truly real liquidity at night is the next question. #美股 #代币化 #Binance