Old School Wall Street is considering ’round-the-clock, or 24/7 trading, to prevent crypto from getting a leg up on it. Unlike traditional stock markets, cryptocurrency exchanges operate continuously. Therefore, the New York Stock Exchange (NYSE) owner, Intercontinental Exchange (NYSE:ICE), is contemplating a radical shift – no more opening or closing bells. Yes, you read that right.
The exchange that sleeps while bitcoin creeps may allow night owls a chance to test their speculative wisdom. Will it happen? Will you get the execution at 2 a.m. that you get at 10 a.m.? There are many hurdles to overcome, but we’ll find out soon enough.
Relentless Cryptocurrency Competition
The NYSE’s move towards 24/7 trading can be attributed to one major force, the relentless activity of cryptocurrencies. Digital assets never sleep; their markets see activity 24 hours a day, 7 days a week. This nonstop accessibility has attracted…
