Nasdaq plans to implement 24-hour round-the-clock trading in 2026, is it afraid of being replaced by the crypto market?

Nasdaq President TaI Cohen recently released an article revealing that Nasdaq plans to start extending trading hours in the second half of 2026, reaching 5 days a week (working days), 24 hours of uninterrupted trading. Proponents believe that the move is in line with the psychological expectations of global retail investors, while opponents believe that longer trading hours may lead to dispersion of trading volumes, thereby reducing the accuracy of pricing. (Synopsis: Buffett's shareholder letter hides a mystery: full of cash and other U.S. stocks crash? Bear market fears a repeat of the dot-com bubble) (Background added: U.S. stock trends" Traditional IPOs are dead? Is on-chain STO the future? Tal Cohen, president of the NASDAQ stock exchange, recently posted on the business community platform LinkedIn that Nasdaq plans to start extending trading hours in the second half of 2026 to 24 hours a day, 5 days a week (working days). As soon as the news came out, it triggered many positive and negative public opinions in the market. Tal Cohen added that the implementation of the plan is subject to regulatory market approval and agreement with other industry participants, although the move does correspond to other exchange plans. According to Bloomberg, CBOE Global Markets Inc. said last month that it plans to extend the trading hours of its stock exchange to 24 hours a day, five days a week, pending regulatory approval. The New York Stock Exchange (NYSE), which also submitted an application last October, plans to offer 22-hour trading on weekdays. The plan received preliminary approval from the U.S. Securities and Exchange Commission (SEC) last month, but market data transfer mechanisms still need to be updated. All-weather trading plan sparked rhetoric on both sides of Wall Street However, the all-weather trading plan proposed by the exchange has triggered a positive and negative debate on Wall Street, a major financial town. Proponents argue that investors, both in the U.S. and abroad, want the freedom to buy and sell stocks outside of the normal trading hours of U.S. stocks. Opponents warn that deal quality could suffer, as lower volumes could lead to lower pricing accuracy. In addition, Cohen also pointed out in the article that although investors around the world are increasingly interested in the U.S. stock market, there are still risks associated with extended market trading: Markets and investors need to consider the risks associated with extended trading hours, including increased volatility and rising transaction costs. Despite the increase in night trading activity, market liquidity during these hours remains "significantly low". Cohen said: "The question is not whether we can build a market that operates 24/5 (24 hours a day, 5 days a week), but how to do so in a way that strengthens investors' confidence in the U.S. capital markets." Afraid of being replaced by the crypto market? It is worth mentioning that the timing of the "extended trading plan" proposed by Nasdaq and other exchanges coincided with the period when cryptocurrencies were highly valued by the US government. We know that the crypto market is a 24-hour market, and the real-world asset (RWA) track is on the rise, and many institutions and countries have seen "asset tokenization" as the future. This means that in the future, traditional financial assets such as U.S. stocks and U.S. bonds will have the opportunity to be tokenized through the blockchain, enabling them to be traded around the clock, breaking the time limit of the traditional market. After becoming the US president, Trump's great emphasis on blockchain and cryptocurrencies may have alerted such US stock exchanges that need to be "closed", so they plan to extend trading hours to enhance competitiveness. Related reports From a legal point of view, what are Trump's hidden concerns about building bitcoin reserves? Can the next president overturn an executive order? Bitcoin welcomes the golden decade, Taiwan seizes 3 major opportunities for Asian virtual asset management centers The US customs detained bitcoin mining machines to "mistakenly identify Huawei RF" and shouted that TSMC's electric shock ban has been fully released, which will benefit mining companies 〈Nasdaq plans to implement 24-hour round-the-clock trading in 2026, is it afraid of being replaced by the crypto market? This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".

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