🚨💸 “Gogol’s Market Mayhem: 24-Hour Trading Unleashed!”
Oh, the wondrous world of finance, where the sun never sets on the pursuit of profit! 🌅 Cboe Global Markets, that behemoth of derivatives and securities exchanges, hath decreed that 24-hour trading shall henceforth be the norm on weekdays! 📆
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The People Demand Extended Trading Hours!
Other traditional U.S. equities exchanges, not to be outdone, do also seek to deliver round-the-clock trading to their clients. In August, 24X National Exchange did file an amended application to U.S. regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs). 📈
Meanwhile, in the land of cryptocurrencies, spot exchanges such as Coinbase do operate continuously, but securities exchanges, where crypto ETFs are traded, do only handle trades between 9:30 am and 4:00 pm Eastern Time. 🕰️
And, in a shocking turn of events, real-world assets (RWAs) — tokens representing claims on assets such as stocks, bonds, or real estate — did surge in popularity after U.S. President Donald Trump’s November election win ushered in a friendlier regulatory environment for cryptocurrencies. 🚀
Decentralized exchanges (DEXs) on blockchain networks do enable 24/7 trading of RWA tokens, and on Feb. 3, RWAs did reach a cumulative all-time high of more than $17.1 billion across over 82,000 total asset holders, excluding the value of stablecoins, according to data from RWA.xyz. 📊
RWAs could grow more than 50-fold by 2030, according to a Tren Financial report, which compiled predictions from financial institutions and consulting firms. 🤯 They represent a $30-trillion market opportunity globally, Colin Butler, Polygon‘s global head of institutional capital, did tell CryptoMoon in an interview. 💸
The most popular RWA funds are the tokenized money market funds Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and Franklin OnChain US Government Money Fund (FOBXX). Tokenized money market funds collectively command more than $3 billion as of Feb. 3, according to RWA.xyz. 📈
And, in a final twist, private equity firm Apollo Global Management did partner with Securitize to launch a tokenized private credit fund on Jan. 30. 📈
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2025-02-03 23:31