Does Crypto Trade 24/7: Crypto Market Trading Hours

The global financial market has limited trading hours and is closed on weekends, but these rules do not apply to the cryptocurrency field. You can trade digital coins almost always, taking into account the market dynamics. What is the cryptocurrency market schedule, and when are the most successful hours for trading? Read this article to find it out!

What Time Does The Crypto Market Open And Close?

There is no specific time when the crypto market opens and closes, as it operates 24 hours a day, 7 days a week. Such round-the-clock availability is conditioned by decentralization and the ability to make transactions without intermediaries. Thanks to this, you can create your own trading schedule that suits your preferences.

Despite the constant openness of the crypto market, sometimes trading may be impossible; it is usually connected with the crypto exchange’s using terms. Each platform may encounter technical glitches that take time to resolve or conduct scheduled maintenance. During these periods, assets cannot be accessed or traded. However, in case of planned outages, it is usually announced in advance, so it is worth following updates to prepare for such a situation.

Does The Crypto Market Close On Weekends?

Due to the fact that the crypto market operates 24/7, it does not close on weekends and holidays. Nevertheless, you should know some nuances before you decide to trade on such days.

Most traders prefer to rest on weekends, so the market is less active during these periods. The volatility you can make a profit on is reduced, so the possibility of earning a lot decreases. Moreover, some traders may need extra money to top up their accounts on the exchanges, and the banks from which they could borrow funds are closed on weekends. It can also be a barrier to trading.

What Is The Best Time To Trade Crypto?

So, trading cryptocurrencies is more profitable on weekdays than on weekends. But what is the best time of day to do it?

The peak hours for crypto trading are between 8am and 4pm GMT. During this period, there is most often increased activity and a greater number of transactions. This way, there are more opportunities to buy or sell crypto profitably. By the way, to get as much return as possible, it is worth working from 9 to 11 o'clock EST, as volatility is the highest during these hours. It is linked to the fact that these are the times when working hours in Europe and the United States overlap.

Why Do Crypto Markets Work Every Day?

As we have already said, the cryptocurrency market can work round-the-clock due to its decentralized nature and unique technologies. Let's take a closer look at the reasons for this constant functioning:

• Decentralization. Cryptocurrencies operate on blockchain networks that are not tied to a single governing entity. It allows them to operate continuously without the necessity of a specific schedule.

• Blockchain technology. Blockchain networks’ advantage on which crypto operates is the continuity of operation. Transactions are processed by nodes around the world, in different time zones, so there is no downtime.

• Global market. It means that cryptocurrencies are traded on multiple crypto exchanges and platforms around the world. If one of them is less active at some point of the day due to regional time, another may be very active.

If you are used to trading at different periods or don't want to depend on a specific part of the day, try Cryptomus P2P exchange. Users from all over the world sell and buy digital assets on this platform every day, so it won't be difficult for you to find a trading partner at any time of the day. Moreover, Cryptomus P2P has a low transaction fee of only 0.1%, which will definitely save your budget during periods of high volatility.

Trading any day and any time is a great advantage of the cryptocurrency market. However, it is worth remembering that trading volumes and liquidity may vary. To get as much profit as possible, try to make transactions during peak hours and monitor market dynamics to be ready for changes.

We hope this article was helpful for you, and now you know more about crypto market trading hours. If you’ve already had experience buying and selling crypto, share in the comments in which periods it was most profitable for you.