A new stock trading platform called 24X National Exchange is set to launch in 2025 and plans to operate almost 24 hours a day, pending final approvals from the U.S. Securities and Exchange Commission (SEC). Unlike traditional stock exchanges that have set hours and shut down on holidays, 24X aims to accommodate global markets, especially in Asia-Pacific, where U.S. equities are in demand. The exchange is taking inspiration from the crypto market, which operates nonstop and offers instant trading action. The extended trading hours could attract traders away from the crypto market and potentially stabilize prices in both stocks and crypto. However, retail investors may find the idea overwhelming and market manipulation risks could increase. The launch of 24X may lead to greater coexistence between crypto and equities and could prompt regulators to rethink market oversight. Overall, the launch of 24X signifies a shift in how markets are perceived and is expected to change the way trading occurs forever.
- Content Editor ( cryptopolitan.com )
- 2024-11-29
Stock exchange with near round-the-clock trading set to open in 2025