Wall Street moves toward 24/7 trading as crypto demand surges
Traditional finance is shifting toward a 24/7 trading model, following the crypto industry's lead. Nasdaq will extend U.S. equity trading to 23 hours a day starting December 6, with NYSE also planning similar expansions. A Binance report highlights that weekend trading volume for traditional asset perpetual futures on crypto exchanges has surged to $28 billion, signaling that investors are already utilizing crypto markets for round-the-clock exposure. Nasdaq President Tal Cohen noted that the new generation of retail investors expects continuous market access, prompting traditional exchanges to adapt their infrastructure to support this demand.
Summaries are written by AI from the original article. Not investment advice.