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Wondering what time the crypto markets close? Here’s a quick rundown of the key times to keep in mind when trading cryptocurrencies.
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Introduction
The cryptocurrency market never closes. Unlike stock markets, the crypto market is open 24/7. This can be good or bad depending on your trading strategy. If you are a day trader, you need to be aware of the different times the market is open so you can make sure you are making the most of your trading time. Here is a guide to the different times the crypto market is open around the world.
Australia
The Australian crypto market opens at 9:00am AEST and closes at 4:00pm AEST.
China
The Chinese crypto market opens at 9:00am CST and closes at 4:00pm CST.
Europe
The European crypto market opens at 9:00am CET and closes at 4:00pm CET.
India
The Indian crypto market opens at 9:00am IST and closes at 4:00pm IST.
Japan
The Japanese crypto market opens at 9:00am JST and closes at 4:00pm JST.
The Different Crypto Exchanges
Cryptocurrencies are digital or virtual tokens that use cryptography for security. They are decentralized, which means they are not subject to government or financial institution control. The most popular cryptocurrency is Bitcoin, followed by Ethereum, Litecoin, and Bitcoin Cash.
Cryptocurrencies are bought and sold on exchanges. Some exchanges only deal in cryptocurrency, while others also allow fiat-to-crypto or crypto-to-fiat transactions. Fiat currencies are government-issued legal tender, such as the US dollar (USD), Euro (EUR), or Japanese Yen (JPY).
The three most popular cryptocurrency exchanges are Coinbase, Binance, and Kraken.
Coinbase is a US-based exchange that allows you to buy and sell cryptocurrencies. It also allows you to convert fiat currencies into cryptocurrencies and vice versa. Binance is a Malta-based exchange that provides cryptocurrency-to-cryptocurrency trading. Kraken is a US-based exchange that offers both fiat-to-cryptocurrency and cryptocurrency-to-fiat trading.
The crypto market never closes. However, different exchanges have different trading hours. For example, Coinbase’s USD markets are open 24/7 but its EUR markets close at 1 AM GMT on Sundays. Binance’s crypto markets are open 24/7 but its fiat markets are only open from 8 AM to 4 AM GMT. Kraken’s crypto markets are open 24/7 but its USD market is only open from 5 PM to 4 PM GMT on weekdays (Monday to Friday).
The Opening and Closing Times of the Crypto Market
The cryptocurrency market is a 24/7/365 market. This means that it is always open, operating globally across different time zones. The only time the market truly closes is on weekends. Most exchanges will suspend trading on weekends, but some (like eToro) remain open.
The cryptocurrency market opens at 00:00 UTC on Sunday and remains open until 23:59 UTC on Saturday. This includes most major exchanges like Coinbase, Binance, and Kraken. For traders in the United States, this means that the market is open from Friday evening until Saturday evening.
The exception to this is when there are major events or holidays that fall on a weekend. For example, when Christmas falls on a Sunday, the market will usually close early on Saturday (24th) and remain closed until 00:00 UTC on Monday (26th). The same goes for other holidays like Easter and New Year’s Eve.
The Impact of the Crypto Market’s Closing Time
While the Forex market is open 24 hours a day, the crypto market is not. It has a closing time, and an opening time. This has a profound impact on the market, as some investors are only able to trade during certain hours.
The crypto market’s closing time is generally considered to be 5pm EST, though some exchanges may close slightly earlier or later. This time is also referred to as “New York time.” That’s because New York is the financial capital of the United States, and many of the world’s major exchanges are located there.
The impact of the crypto market’s closing time can be seen in two ways. First, it affects the ability of investors to trade certain cryptocurrencies. If an investor wants to buy a cryptocurrency that isn’t listed on an exchange that operates during their trading hours, they may have to wait until the next day to do so.
Second, the closing time can impact the price of a cryptocurrency. For example, if there is news that will likely cause the price of a cryptocurrency to go up, but that news comes out after the markets have closed for the day, then the price of that cryptocurrency will not increase until the next day when trading resumes.
Overall, the closing time of the crypto market can have a significant impact on both investors and prices.
Conclusion
The cryptocurrency market is a 24/7 global marketplace. There is no central exchange where trading activity takes place. Instead, trading activity is distributed across a number of exchanges around the world. This can make it difficult to know when the market is open and when it is closed.
The table below shows the times when the major exchanges are open and closed. These times are in GMT.
| Exchange | Open time | Close time |
|———-|———--|————|
| Bitfinex | 24 hours | 24 hours |
| Coinbase | 24 hours | 24 hours |
| Binance | 24 hours | 24 hours |
The cryptocurrency market never closes, but trading activity on individual exchanges does ebb and flow throughout the day and night. There is usually a lull in trading activity around 11pm GMT, but the market picks back up again at around 2am GMT. So, if you’re looking for action, you can find it at any time of day or night!
