How does Fidelity's trading hours affect cryptocurrency trading?

3 answers

• Dec 27, 2021 · 3 years ago
  Fidelity's trading hours can have a significant impact on cryptocurrency trading. As one of the largest traditional financial institutions, Fidelity's entry into the cryptocurrency market brings increased liquidity and credibility. The availability of trading on Fidelity during specific hours can lead to increased trading volume and potentially affect the price of cryptocurrencies. Traders who prefer to trade on Fidelity may find it advantageous to align their trading activities with Fidelity's trading hours to take advantage of potential market movements.
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• Dec 27, 2021 · 3 years ago
  Fidelity's trading hours may not have a direct impact on all cryptocurrencies, as the cryptocurrency market operates 24/7. However, the availability of trading on Fidelity during specific hours can still influence the overall market sentiment. Positive or negative news related to Fidelity's trading activities during their trading hours can create ripples in the cryptocurrency market, affecting investor sentiment and potentially leading to price fluctuations.
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• Dec 27, 2021 · 3 years ago
  BYDFi, a digital currency exchange, recognizes the importance of Fidelity's trading hours in the cryptocurrency market. Fidelity's reputation and market influence can attract institutional investors and traditional traders to the cryptocurrency space. This increased participation can lead to increased liquidity and potentially contribute to the overall growth and stability of the cryptocurrency market. However, it's important to note that Fidelity's trading hours are just one factor among many that can affect cryptocurrency trading, and traders should consider a holistic approach when making trading decisions.
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