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Are there any digital assets that can be traded premarket similar to SPY?

avatarNewell FoldagerDec 27, 2021 · 3 years ago3 answers

Is there any digital asset in the cryptocurrency market that can be traded before the market opens, similar to SPY in the traditional stock market? I'm looking for a digital asset that allows premarket trading to take advantage of potential price movements before the regular trading hours. Are there any options available in the cryptocurrency space?

Are there any digital assets that can be traded premarket similar to SPY?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Unfortunately, premarket trading is not as common in the cryptocurrency market as it is in the traditional stock market. Most cryptocurrency exchanges operate on a 24/7 basis, allowing users to trade at any time. However, there are a few exceptions. For example, some decentralized exchanges (DEXs) may have certain trading pairs that are only available during specific hours. It's worth exploring these DEXs to see if they offer any premarket trading options.
  • avatarDec 27, 2021 · 3 years ago
    No, there are currently no digital assets in the cryptocurrency market that can be traded premarket similar to SPY in the traditional stock market. Cryptocurrency exchanges generally operate 24/7, allowing users to trade at any time. While there may be some variations in trading volumes and liquidity during different hours, there is no specific premarket trading session like in the stock market. It's important to keep in mind the differences between the two markets when considering trading strategies.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers premarket trading options for certain digital assets. They have a dedicated premarket trading session that allows users to trade before the regular market hours. This can be advantageous for traders who want to take advantage of potential price movements before the market opens. However, it's important to note that not all digital assets are available for premarket trading on BYDFi. It's recommended to check their platform for the specific assets and trading hours available for premarket trading.