How does the EST time zone affect the trading volume of cryptocurrencies?

3 answers

• OLDmax007Oct 04, 2021 · 4 years ago
  The EST time zone plays a significant role in the trading volume of cryptocurrencies. As EST is the time zone of major financial centers like New York, it experiences high trading activity during the working hours of these centers. This results in increased liquidity and trading volume in the cryptocurrency market. Traders and investors in the EST time zone are more active during their local business hours, which can lead to higher volatility and trading opportunities. Additionally, news and events related to the cryptocurrency market often coincide with the EST trading hours, further impacting the trading volume.
  621

  311
• ao - aoApr 23, 2023 · 3 years ago
  The impact of the EST time zone on cryptocurrency trading volume cannot be ignored. Many traders and investors in the EST time zone are actively involved in the cryptocurrency market, contributing to the overall trading volume. The opening and closing hours of major exchanges in this time zone, such as Coinbase and Gemini, also influence the trading activity. However, it's important to note that the cryptocurrency market operates 24/7, and trading volume can vary depending on global factors and market sentiment. While the EST time zone has its significance, it is just one factor among many that affect the trading volume of cryptocurrencies.
  648

  216
• Knowles HornOct 01, 2021 · 4 years ago
  From BYDFi's perspective, the EST time zone has a considerable impact on the trading volume of cryptocurrencies. As a digital asset exchange, we observe increased trading activity during the EST trading hours. Many traders and investors in this time zone actively participate in the cryptocurrency market, leading to higher trading volume. The EST time zone aligns with the business hours of major financial institutions and market influencers, making it a crucial period for cryptocurrency trading. However, it's important to consider that trading volume can also be influenced by global events, market trends, and investor sentiment, which may not be solely dependent on the EST time zone.
  691

  173