Unlike trading stocks and commodities, the cryptocurrency market isn’t traded on a regulated exchange. Rather, the Bitcoin market and every other cryptocurrency market is open 24/7 across a growing number of exchanges.
Successful crypto traders understand that, although the market for digital currency is open nonstop, more trades are successful if transacted when global market activity is high. Outside the hours of these global markets, trading can be light, potentially resulting in weaker exchange rates and difficulty in selling your coins. Our time converter displays open and close times for global markets in your local time zone so that you can gauge when volume might be highest to make exchanging cryptocurrencies easier.
Market time converter
Your local time is
|Global market||Local time||Current status|
|New York (US)|
|Seoul (South Korea)|
|Hong Kong (China)|
A market’s peak trading hours is typically 8 a.m. to 4 p.m. in its local time. These are the trading hours that usually drive the highest trade volume in each region. Although a market can be “closed,” there might be huge movements in the global market depending on news and speculations.
Why is the converter useful if the crypto trading market is open 24/7?
Crypto trade volume dips and soars as people trade within huge global markets. These global markets come with firm trading hours, which can be helpful if you’re analyzing a specific digital currency against price predictions.
Add to this that global markets react differently to the news. For instance, business headlines that might prompt a quick reaction from Americans — affecting the price of a specific coin — might not make as many waves in, say, the South Korean market.
In today’s crypto market, South Korea is among the market leaders in volume traded. This means they can play a larger role than most countries in moving the prices of specific coins. We saw this with Ripple in December 2017, when the coin traded for some 30% more on the South Korean market than it did in the US.
If you decide you’re game for the notorious volatility of cryptocurrency, use our market time converter to translate open and close hours for markets around the world into your own time zone.
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