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NYSE Explores Revolutionary 24/7 Trading Model Amid Crypto Influence

by Sham
April 22, 2024
in Finance
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NYSE Explores Revolutionary 24/7 Trading Model Amid Crypto Influence
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  • The New York Stock Exchange (NYSE) is asking market participants about the possibility of 24/7 trading for stocks
  • Round-the-clock trading became popular with the rise of cryptocurrencies and an increase in retail investor activity during the Covid-19 pandemic
  • The article is written by Helene Braun, a New York-based reporter covering Wall Street and crypto exchanges for CoinDesk

The New York Stock Exchange (NYSE) has begun asking market participants about the possibility of allowing round-the-clock trading for stocks. This comes as extended trading hours have become more popular with the rise of cryptocurrencies and increased retail investor activity during the COVID-19 pandemic.

NEW: 🇺🇸 New York Stock Exchange is exploring the idea of moving to 24-hour trading

— BlockNews.com (@blocknewsdotcom) April 22, 2024

CoinDesk Background

CoinDesk is an award-winning media company that covers the cryptocurrency and blockchain industry. The company was acquired by the Bullish group in November 2023, which also owns the regulated digital asset exchange Bullish. CoinDesk operates independently with policies to protect its editorial independence.

Conclusion

The potential shift to 24/7 stock trading would mark a major change for traditional markets. This change has already occurred in the world of cryptocurrencies, which trade continuously. It remains to be seen if major stock exchanges will follow suit and expand trading hours in response to changing investor demands.

Tags: bullishCoinDeskCOVID-19cryptoNew York Stock Exchange
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