Crypto learner!!!!! Giving you the most important strategy of making a trade.
Before making a TRADE during Weekend, Consider the following research-I have done for you.
1.Weekend Limitations on Fund Transfers*
- Binance does not allow fund transfers on weekends, particularly through SEPA (Single Euro Payments Area) for EU-based users. This restriction is not specific to individual banks but is a general limitation for all banks, as transfers don't work on weekends for any bank.
2.Lower Trading Activity*
- The trading activity on Binance and other exchanges tends to be lower during weekends, with Binance experiencing only about 30% more activity during weekdays than during weekends. This lower activity is attributed to the global reach of these exchanges, limited fiat on-ramps, and the presence of many retail traders.
3.Institutional Investor and Corporate Trading*
- Institutional investors and corporations comprise a significant share of crypto investors. As a result, weekend trading is best avoided since these entities fall outside of business hours, leading to decreased market volatility and liquidity during weekends .
In summary, the limitations on fund transfers, lower trading activity, and the absence of institutional investors and corporations during weekends make it less favorable to engage in trading on Binance during this time.
