Stock and other traditional businessmen of financial businessmen around the world want to buy and sell properties around the clock, resulting in two of the largest stock markets in the US, Nasdaq and the New York Stock Exchange (NYSE) that make motions to offer rotation-the-clock trading soon.
“We certainly see that this is where the markets are moving,” said Giang Bui, NasdaQ leader of the US equities & exchange-traded products, speaking at the Digital Asset Summit in New York on Thursday. “There is a lot of demands around the world for US stocks and people want to trade within times when they are usually awake, and I think many are because people are used to trading Crypto 24/7.”
Both NASDAQ and the NYSE are in the process of receiving approval to open their places 24 hours a day, for five or even seven days a week. Nasdaq recently announced that it began to engage with regulators about the change as the NYSE has received a green light.
Rotating the round time can have many advantages for the market, including increasing volume and liquidity in the market because traders are not tied to specific time zones. Currently, the US stock market opens for trading at 9:30 am et and closes at 4 pm et.
“We hear it throughout the board from global broker entrepreneurs, clients they serve, even within the US, there are a number of US brokers who offer overnight trading because their customers are used to trading crypto at that time,” Bui added.
NASDAQ has listed a number of crypto -related products, including Ishares Bitcoin Trust (IBIT), the ETF spot released by Blackrock, who saw the most successful ETF debut in US Launching History. Earlier today, the exchange was listed by two Solana (Sol) Futures ETF issued by volatility shares.
