What time do the trading markets close and open? Do cryptocurrency markets have opening hours?
It is a common belief that cryptocurrency markets have specific opening hours. However, cryptocurrency trading is not limited to a fixed schedule, unlike traditional stock exchanges and securities markets.
Author: Lev Peschykhin
Date: 19 September 2022
Major trading sessions
How do trading sessions affect the price?
Cryptocurrency markets are always open, but the amount of liquidity in them is determined by the activity of traders. The better the liquidity, the fewer opportunities for manipulation by certain market participants and price slippage (when a trade is performed at a price that is not worse than the one specified in the order).
How do I know what trading session is on?
Why is it better not to trade on weekends?
Knowing this, the big players will push the market to cause false movements, breakdowns of levels, etc. That’s why many traders refuse to trade on weekends. Very often, you can see that if the price of a crypto asset rises over the weekend, on the first business day, many will expect liquidation of their positions and, consequently, significant losses.
Cryptocurrency markets are always open.
The main trading sessions are in Tokyo, London, and New York.
Depending on the time of trading, the liquidity in the market can vary, which in turn can lead to price slippages and manipulation.
On weekends and holidays, it is better not to make any trades.