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Do you want to know what time the crypto market opens? Follow this simple guide and find out the answer to your question.
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Introduction
Whether you’re a day trader or just want to keep an eye on the market, it’s important to know what time the cryptocurrency market opens. Here’s a quick guide to help you out.
The cryptocurrency market is a 24-hour market, which means it is open around the clock. However, not all exchanges are available 24/7. Some exchanges have restricted hours, while others may be closed on weekends.
This can make it tricky to know when the market is open, but fortunately there are a few resources that can help you out. CoinMarketCap’s Crypto Exchange Listing shows the operating hours for each exchange, and CoinGecko has a handy tool that lets you filter exchanges by their operating hours.
Once you know which exchanges are open, you can use a tool like CoinMarketCal to see when there are events that could move the markets. This includes things like forks, ICOs, and major announcements.
For more detailed information on specific times and days, check out our article on when the crypto markets open and close.
The U.S. Market
The cryptocurrency market is a 24-hour market, and does not have a traditional open and close time. However, because so much of the trading in cryptocurrency takes place in Asian exchanges, it could be said that the market opens at 5:00pm EST (10:00pm GMT) when Tokyo’s markets open on Sunday evening.
If we look at the market from the perspective of the U.S., however, most activity takes place between 4:00pm and 6:00pm EST (9:00pm and 11:00pm GMT). Volume tends to be highest when both the Tokyo and New York exchanges are open at these times.
The Asian Market
The Asian market is the first to open after the weekend. At UTC, Sunday afternoon is when Japanese and Korean exchanges start trading. Chinese exchanges begin trading an hour later at UTC+8.
The market often sees a large spike in trading volume during Asian hours. This is likely due to a combination of day traders cashing out their weekend profits, and investors wanting to get in on the action before the Western markets open.
The European Market
The European market is the second largest after the United States in terms of trading volume. It is also one of the most volatile markets, which means that there are many opportunities for day traders. The European market opens at 3:00 AM EST (GMT+0), and closes at 12:00 PM EST (GMT+0).
The Australian Market
The Australian market is open from 10:00am to 4:00pm on weekdays, and is closed on weekends. The market is located in Sydney, Australia.
The South American Market
The South American market opens at 5:00 PM EST on Sundays. Brazil, Chile, Colombia, Ecuador, Guyana, Peru, Suriname, and Venezuela all use this time.
The Middle Eastern Market
The crypto market is open 24/7, but the Middle Eastern market opens at a different time than the rest of the world. The Middle East is in a different time zone than the rest of the world, so their market opens at a different time. The exact time that the Middle Eastern market opens depends on which country you are in.
In Kuwait, for example, the market opens at 9:00am local time. This means that if you are in New York, the market will open at 4:00am EST. If you are in London, the market will open at 9:00am GMT.
The Middle Eastern market is one of the smallest markets for cryptocurrencies, so there is not as much trading activity during this time as there is during other times of the day.
The African Market
The African market usually refers to the markets in Africa that are open for trading during the hours of 9:00 AM to 5:00 PM Greenwich Mean Time (GMT). These hours correspond to the hours when the majority of exchanges located in Africa are open for business. Some of the more popular exchanges located in Africa include Binance, Bitfinex, Coinbase, and Kraken.
