Nasdaq, home of Coinbase, Strategy stocks, filing for 23-hour trading
Nasdaq is seeking SEC approval to expand stock and ETP trading hours from 16 to 23 hours daily to meet global market demands.Summary
Nasdaq is preparing to file paperwork with the SEC to expand trading hours for stocks and exchange-traded products (ETPs) from 16 to 23 hours per day, five days a week. This proposed schedule includes a day session, a break, and a night session, starting Sunday evening and closing Friday evening, while maintaining the standard 9:30 a.m. and 4 p.m. ET bells. The move is driven by the globalization of financial markets and investor expectations shaped by the 24/7 nature of cryptocurrency trading, as many Nasdaq-listed crypto-related companies like Coinbase and Strategy are active overnight. Nasdaq confirmed the proposal, noting that this shift aligns with broader market trends and the existing overnight trading offered by some U.S. brokers for their clients accustomed to crypto hours.
(Source：CoinDesk)