Wall Street Is Moving Toward 23×5. But Traders Are Already Thinking 24/7.
For decades, access to U.S. markets revolved around New York trading hours. That model is starting to change as global demand pushes traditional exchanges toward longer sessions.
But one number caught my attention:
62% of Binance bStocks volume in July happened while U.S. markets were closed.
That tells us something important. Global traders don't necessarily want to organize their day around Wall Street's clock.
The scale is growing too. In July, Binance recorded $14.7B in bStock volume and $439B in TradFi-perp volume.
The weekend data is even more interesting.
Across seven weekends studied by Binance Research, bStocks had already reflected a median 92% of the subsequent Monday opening move.
So while traditional markets were closed, price discovery wasn't necessarily waiting for Monday.
This is why I think the move toward 23×5 is only one stage of a much bigger shift.
True 24/7 markets require more than keeping an exchange open longer. Settlement and the infrastructure behind trading also need to work
continuously.
Crypto infrastructure has already shown what that model can look like.
The question now isn't simply whether Wall Street trades for more hours.
It's whether global markets eventually stop having "closed" hours at all.
More details: https://www.binance.com/en/blog/leadership/3428818058810972815
For decades, access to U.S. markets revolved around New York trading hours. That model is starting to change as global demand pushes traditional exchanges toward longer sessions.
But one number caught my attention:
62% of Binance bStocks volume in July happened while U.S. markets were closed.
That tells us something important. Global traders don't necessarily want to organize their day around Wall Street's clock.
The scale is growing too. In July, Binance recorded $14.7B in bStock volume and $439B in TradFi-perp volume.
The weekend data is even more interesting.
Across seven weekends studied by Binance Research, bStocks had already reflected a median 92% of the subsequent Monday opening move.
So while traditional markets were closed, price discovery wasn't necessarily waiting for Monday.
This is why I think the move toward 23×5 is only one stage of a much bigger shift.
True 24/7 markets require more than keeping an exchange open longer. Settlement and the infrastructure behind trading also need to work
continuously.
Crypto infrastructure has already shown what that model can look like.
The question now isn't simply whether Wall Street trades for more hours.
It's whether global markets eventually stop having "closed" hours at all.
More details: https://www.binance.com/en/blog/leadership/3428818058810972815