Nasdaq is almost never closed, why would you still buy…
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Nasdaq is almost never closed, why would you still buy stocks through a crypto exchange?
https://finance.yahoo.com/markets/stocks/articles/nasdaq-confirms-23-hour-trading-090517776.html
Nasdaq got SEC approval for 23-hour trading, 5 days a week, starting December 6th. Basically closed for one hour total.
One of the biggest pitches for buying stocks on a crypto exchange (Binance, Coinbase, etc.) was always "trade whenever you want, markets never sleep." Once Nasdaq itself is open almost around the clock, what's actually left?
For me it's not about hours at all. My income is mostly in USDT, so trading stocks directly on a crypto exchange means I skip converting to USD and dealing with withdrawal fees into something like IBKR or Robinhood. That's probably a niche reason though, most people aren't sitting on USDT instead of USD.
**Genuinely curious if anyone else here actually trades real stocks through a crypto exchange, and why. Does this Nasdaq change actually move the needle for you, or does it not matter?**
#cryptocurrency
source
https://finance.yahoo.com/markets/stocks/articles/nasdaq-confirms-23-hour-trading-090517776.html
Nasdaq got SEC approval for 23-hour trading, 5 days a week, starting December 6th. Basically closed for one hour total.
One of the biggest pitches for buying stocks on a crypto exchange (Binance, Coinbase, etc.) was always "trade whenever you want, markets never sleep." Once Nasdaq itself is open almost around the clock, what's actually left?
For me it's not about hours at all. My income is mostly in USDT, so trading stocks directly on a crypto exchange means I skip converting to USD and dealing with withdrawal fees into something like IBKR or Robinhood. That's probably a niche reason though, most people aren't sitting on USDT instead of USD.
**Genuinely curious if anyone else here actually trades real stocks through a crypto exchange, and why. Does this Nasdaq change actually move the needle for you, or does it not matter?**
#cryptocurrency
source
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