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What are the factors that determine the number of trading days per year in the cryptocurrency market?

avatarChhavi GuptaDec 27, 2021 · 3 years ago1 answers

What are the various factors that influence the total number of trading days in a year for cryptocurrencies?

What are the factors that determine the number of trading days per year in the cryptocurrency market?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    In the cryptocurrency market, the number of trading days per year can vary based on several factors. One factor is the specific cryptocurrency exchange. Different exchanges may have different trading hours or days of operation, which can affect the overall number of trading days. Another factor is the level of market activity and liquidity. If there is high trading volume and active market participation, it is more likely that there will be more trading days. Additionally, external factors such as holidays, weekends, and global events can impact trading days. It is important to note that the cryptocurrency market operates 24/7, but the availability of trading may vary depending on these factors. Therefore, the number of trading days in the cryptocurrency market is determined by a combination of exchange policies, market activity, and external circumstances.