Crypto Markets Go 24/7: A New Era for Currency Trading
Crypto markets are operating around the clock, introducing a new paradigm for currency trading. Unlike traditional foreign-exchange markets that largely close on weekends, Bitcoin and other digital assets can trade continuously, including holidays.
This continuous trading allows price discovery to occur at all hours, making crypto a potential source of immediate price movement in response to geopolitical events or economic developments outside traditional trading sessions. In fact, institutional involvement is expanding, with data company Kaiko raising $110 million from investors like S&P Global and Nasdaq.
The stablecoin market has reached new heights, standing at $314.8 billion as of September 21, according to CoinMarketCap. Stablecoins such as USDT and USDC allow dollar-denominated value to move between wallets, exchanges, and blockchain applications without relying on traditional banking hours.