wall street is moving toward something crypto figured out years ago
NYSE and Nasdaq are extending trading hours toward 23×5. but honestly, the more interesting question is why people want access outside traditional market hours in the first place.
turns out there’s already plenty of activity there. 62% of Binance’s bStocks volume in july happened while U.S. markets were closed, with particularly strong activity during asian hours.
Binance already runs 24/7, so if you’re trading from another time zone, new york closing doesn’t exactly mean the market stops mattering.
Shunyet Jan, Binance’s Head of Exchange & Trading, put the crypto side of it pretty simply. bitcoin can move around anywhere, so someone was always going to make the market 24/7.
the interesting bit with 23×5 is that keeping the exchange open is only half the job. the banking and settlement infrastructure behind it needs to keep running too.
crypto has a pretty obvious advantage here. stablecoins operate 24/7 and can settle instantly.
and there’s already evidence that those extra hours matter. across seven weekends Binance Research studied, bStocks had reflected a median 92% of the subsequent monday opening move before monday even opened.
maybe 23×5 is the next step for wall street. but clearly, traders are already looking beyond the closing.
NYSE and Nasdaq are extending trading hours toward 23×5. but honestly, the more interesting question is why people want access outside traditional market hours in the first place.
turns out there’s already plenty of activity there. 62% of Binance’s bStocks volume in july happened while U.S. markets were closed, with particularly strong activity during asian hours.
Binance already runs 24/7, so if you’re trading from another time zone, new york closing doesn’t exactly mean the market stops mattering.
Shunyet Jan, Binance’s Head of Exchange & Trading, put the crypto side of it pretty simply. bitcoin can move around anywhere, so someone was always going to make the market 24/7.
the interesting bit with 23×5 is that keeping the exchange open is only half the job. the banking and settlement infrastructure behind it needs to keep running too.
crypto has a pretty obvious advantage here. stablecoins operate 24/7 and can settle instantly.
and there’s already evidence that those extra hours matter. across seven weekends Binance Research studied, bStocks had reflected a median 92% of the subsequent monday opening move before monday even opened.
maybe 23×5 is the next step for wall street. but clearly, traders are already looking beyond the closing.
