As you probably know by now, traditional Stock markets have fixed trading hours. They are usually open from Monday to Friday and begin trading around 8 to 9:30 am and close around 4 to 4:30 pm, with respect to their local time zones. With that in mind, it’s completely normal to assume that the Crypto markets might follow the same logic and open and close in line with Wall Street and the City of London.
Well, you might be surprised to learn that’s not how they work.
What time does Crypto Market Open & Close?
As opposed to Stock markets, Crypto markets are open 24/7, including weekends and holidays. So, in theory, nothing is stopping you from trading Crypto assets every waking moment as they operate on a decentralised computer network.
However, practically speaking, it’s important to consider that people usually depend on Crypto exchanges to trade these assets. And there’s no guarantee that your exchange will always be online.
Crypto Exchange Outages
All Crypto exchanges experience outages from time to time, which can happen for various reasons. From the need to update server software to releasing new features on their platform.
If a bug is encountered, for example, they might need to perform sudden maintenance. You may be locked out of accessing your funds and executing trades if this occurs.
Crypto exchange outages can be very inconvenient for traders, especially during increased market volatility. Everyone wants to have unobstructed access to their funds and assets, of course. Not to mention the ability to buy and sell at specific times.
Some crypto exchanges, such as Coinbase, also have a clause in their terms and conditions that they could use the funds from your account to get the company out of trouble if they were to go bankrupt.
That’s why we don’t recommend keeping your crypto assets in an exchange. Instead, it’s better to keep your Crypto assets in a hardware wallet such as a Ledger or Trezor. That way, you can use another exchange platform when your current one goes down.
Best Time to Trade Crypto
Now we understand that the Crypto markets are open 24/7. But is it better to trade in the morning or in the afternoon, and what about trading crypto at weekends?
Day traders are the ones most concerned with the best time of day to trade Crypto assets. That’s because they profit from increased volatility. Since most historical data suggests that the highest volatility is between 9:00 am and 11:00 am Eastern Time, that’s potentially the best time to trade.
So why is that time window so important, you ask? Because it’s when US and European business hours overlap.
Demand and trading volume tend to be lower at weekend. So it’s important to plan your moves at the end of the weekend when the volume will start to increase
FAQ: Crypto Market Closing & Opening Hours
Crypto markets work every day of the week, from Monday to Sunday.
Crypto markets are open 24 hours a day. However, crypto exchanges might be unavailable due to maintenance.
Yes, Crypto markets are open during the weekend.
There is no daily closing time for Crypto.
Yes, the Crypto market is open for trading 24/7.