The SEC spent today (10am-4pm ET) in a roundtable with 27 Wall Street firms - BlackRock, Nasdaq, Citadel, NYSE, Robinhood and more - mapping out how to move US stock trading to 24/7. 18 of those 27 firms already run crypto arms.
Nasdaq isn't waiting on the SEC's timeline either - it's targeting a near-23-hour trading day by December 6. In other words, TradFi is spending real money and regulatory capital to reverse-engineer an edge crypto venues have run by default since day one: no close, no gap risk, no waiting for Monday.
If US equities go round-the-clock, what happens to the crypto weekend premium that traders have priced around for years? Does it compress once stocks stop gapping, or does the edge just migrate to whichever venue still has the thinnest liquidity overnight?
Worth remembering when you're the one already routing size across 25+ venues at once instead of one exchange at a time. tokenbot.com
#TokenBot #Bitcoin #TradingSignals $BTC $TBOT
Nasdaq isn't waiting on the SEC's timeline either - it's targeting a near-23-hour trading day by December 6. In other words, TradFi is spending real money and regulatory capital to reverse-engineer an edge crypto venues have run by default since day one: no close, no gap risk, no waiting for Monday.
If US equities go round-the-clock, what happens to the crypto weekend premium that traders have priced around for years? Does it compress once stocks stop gapping, or does the edge just migrate to whichever venue still has the thinnest liquidity overnight?
Worth remembering when you're the one already routing size across 25+ venues at once instead of one exchange at a time. tokenbot.com
#TokenBot #Bitcoin #TradingSignals $BTC $TBOT
