Why is after hours trading allowed in the cryptocurrency market?

3 answers

• Dec 17, 2021 · 3 years ago
  After hours trading is allowed in the cryptocurrency market to provide investors with extended trading opportunities beyond regular market hours. This allows traders to react to news and events that occur outside of normal trading hours, such as major announcements or market-moving events. It also caters to global investors in different time zones who may not be able to trade during regular market hours. By allowing after hours trading, the cryptocurrency market aims to increase liquidity and provide more flexibility for traders.
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• Dec 17, 2021 · 3 years ago
  The cryptocurrency market operates 24/7, unlike traditional stock markets that have specific trading hours. This is due to the decentralized nature of cryptocurrencies and the absence of a central authority governing the market. As a result, after hours trading is allowed to accommodate the continuous demand for trading and to ensure that investors have access to the market at all times. However, it's important to note that after hours trading in the cryptocurrency market may have lower liquidity and higher volatility compared to regular trading hours.
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• Dec 17, 2021 · 3 years ago
  In the case of BYDFi, after hours trading is allowed to cater to the needs of its global user base. As a leading cryptocurrency exchange, BYDFi understands the importance of providing a seamless trading experience for its users, regardless of their geographical location or time zone. By allowing after hours trading, BYDFi aims to enhance user satisfaction and attract a wider range of traders to its platform. However, it's essential for traders to be aware of the potential risks associated with after hours trading, such as increased price fluctuations and limited market depth.
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