Nasdaq’s shift to trade around the clock because of crypto, says Exchange Executive

Warehouse and other traditional financial asset dealers around the world want to be able to buy and sell assets around the clock, resulting in two of the largest stock markets in the US, Nasdaq and New York Stock Exchange (NYSE) that make movements to offer trade around the clock.

“We certainly see that this is where the markets are moving,” said Giang Bui, Nasdaq’s head of US shares and exchange -traded products spoken at the digital active meeting in New York on Thursday. “There is a lot of demand globally for US stocks, and people want to act within the hours they are typically awake, and I think a lot of it is because people are used to shopping Crypto 24/7.”

Both Nasdaq and Nysse are in the process of receiving approval to open their venues 24 hours a day for five or even seven days a week. Nasdaq recently announced that it had begun to engage with regulators of the change, while NYNSE has already received the green light.

Trading around the clock can have several benefits for markets, including increased volume and market liquidity, as dealers are not tied to specific time zones. Currently, the US stock market is opening for trading at 1 p.m. 9:30 AM and close at. 16 et.

“We hear it everywhere from global brokers dealers, clients they service, even in the United States, there are a number of US brokers who are already offering trade overnight because their customers are used to shopping with crypto during these hours,” BUI added.

Nasdaq shows a number of crypto-related products, including Ishares Bitcoin Trust (Ibit), Spot ETF issued by Blackrock, which saw the most successful ETF debut in the story of US ETF launches. Earlier today, the Exchange two stated to Solana (Sol) Futures ETFs issued by volatility shares.

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