How does globex hours affect cryptocurrency trading?

3 answers

• Krabbe McMahonFeb 17, 2024 · 2 years ago
  During globex hours, the cryptocurrency market experiences increased volatility and trading activity. This is because the globex market is a 24-hour market, allowing traders from different time zones to participate in cryptocurrency trading at any time. As a result, there is a constant flow of buying and selling orders, leading to frequent price fluctuations. Traders need to be aware of these hours and adjust their strategies accordingly to take advantage of the increased trading opportunities.
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• Collins AgofureMar 23, 2024 · 2 years ago
  Globex hours have a significant impact on cryptocurrency trading. The extended trading hours allow for continuous trading and price discovery, which can lead to increased liquidity and tighter spreads. Additionally, the globex market provides opportunities for traders to react to news and events that occur outside of regular trading hours. This can result in increased volatility and trading volume during these hours. It's important for cryptocurrency traders to stay informed about globex hours and consider them when making trading decisions.
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• gogethimFeb 17, 2023 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, operates during globex hours. This means that traders can access the platform and trade cryptocurrencies 24/7. The availability of BYDFi during globex hours provides traders with the flexibility to trade at their convenience, regardless of their time zone. This can be advantageous for traders who want to take advantage of market opportunities that arise during non-traditional trading hours. However, it's important to note that other exchanges also operate during globex hours, and traders should consider multiple platforms when trading cryptocurrencies.
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