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What is the impact of Scottrade trading hours on the cryptocurrency market?

avatarThompson WhiteheadDec 27, 2021 · 3 years ago3 answers

How does the trading schedule of Scottrade, a traditional stock trading platform, affect the cryptocurrency market? Does the availability of trading on Scottrade during specific hours have any noticeable impact on the prices and trading volumes of cryptocurrencies?

What is the impact of Scottrade trading hours on the cryptocurrency market?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The trading hours of Scottrade may have some influence on the cryptocurrency market. As Scottrade is primarily focused on traditional stock trading, its trading hours may not align with the busiest periods of cryptocurrency trading. However, it's important to note that the cryptocurrency market operates 24/7, and there are numerous other exchanges that offer round-the-clock trading. Therefore, while Scottrade's trading hours may have some impact on the market, it is unlikely to be a significant factor in determining overall cryptocurrency prices and volumes.
  • avatarDec 27, 2021 · 3 years ago
    Scottrade's trading hours are not likely to have a major impact on the cryptocurrency market. Cryptocurrencies are traded on various exchanges around the world, and the market operates continuously, 24 hours a day, 7 days a week. While Scottrade is a well-known stock trading platform, its trading hours are limited to the traditional stock market hours. Therefore, the influence of Scottrade's trading hours on the cryptocurrency market is minimal.
  • avatarDec 27, 2021 · 3 years ago
    The impact of Scottrade's trading hours on the cryptocurrency market is negligible. Scottrade is primarily focused on traditional stock trading and does not offer a wide range of cryptocurrencies for trading. Additionally, the cryptocurrency market operates globally and is not limited to a single exchange. There are numerous other exchanges that offer 24/7 trading, providing ample liquidity and trading opportunities for cryptocurrencies. Therefore, the trading hours of Scottrade are unlikely to significantly affect the overall cryptocurrency market.