It is possible to trade Crypto Stocks, 24 hours a day, seven days a week.
Crypto Stocks are ERC20 tokens that represent the shares of corresponding listed companies. But unlike stock markets that only operate from Monday to Friday, trading Crypto Stocks is possible every day, including weekends and holidays, during day and night hours.
It is also by enabling 24-hour trading that the Crypto Stock Foundation intends to change the rules of the financial world, brought to cryptocurrencies.
In fact, the crypto market knows no rest and is always active. Crypto Stocks are no exception.
By contrast, the traditional markets adhere to regular business hours.
For example, the Tokyo Stock Exchange opens from 9 AM to 11 AM and from 12.30 PM to 3 PM local time. European stock exchanges are usually open from 9 AM to 5.30 PM local time. As far as the New York Stock Exchange is concerned, it opens from 9.30 AM to 4 PM local time.
During opening hours, the price of each share fluctuates, affected by supply and demand and by news about the listed company.
But what happens during the closing time? Traders can continue to place orders. The reference price is the closing price. This is referred to as the pre-market or the after-market, depending on whether investors trade before or after the close of the relevant exchange.
The price of Crypto Stocks is obviously affected by the price of the corresponding shares on the stock markets. An oracle system reports the offline price of the stock on the blockchain. When the markets are closed, the oracles reflect the price defined at closing time.
This means that any given time is the appropriate time to enter the Crypto Stock market.
At the moment, AnyCryptoStock is the only exchange where it is possible to trade Crypto Stocks. Simply create an account, deposit Bitcoin or Ethereum in exchange for USxD and choose the Crypto Stock you want to buy, whole or in fractions. Even on a Saturday or Sunday.