3 hrs ago

Tokenized US Equities Show Demand Beyond Wall Street Hours

Tokenized stocks let people trade US-linked shares using digital systems outside normal US market hours.

The busiest period happens when people in Asia are starting their trading day.

This suggests that many traders are active because of where they live, not because they are staying awake late.

Binance activity is more concentrated around the US market opening, while on-chain activity is strongest during Asian hours.

Most Binance users for these products are in emerging markets.

US exchanges are preparing to trade for 23 hours on weekdays beginning December 6, 2026.

Clearing systems and market-data systems had to be upgraded before the longer schedule could begin.

The markets will still close for much of the weekend, and trading across many countries will create new regulatory challenges.

Key facts

On-chain peak: Tokenized-equity volume peaks around 8 p.m. ET, at the start of the Asian trading day.
Closed-hours share: 92% of on-chain volume and 59% of Binance venue volume occurred while US markets were closed during the seven days ending July 28.
Emerging-market users: More than 90% of Binance Direct Stocks and bStocks users are in emerging markets.
Cumulative volume: Closed-hours volume on Binance reached $1.5 billion.
Nasdaq schedule: From December 6, 2026, Nasdaq plans trading from 4 a.m. to 8 p.m. ET and 9 p.m. to 4 a.m. ET, Sunday through Friday.
Weekend gap: The proposed 23-hour weekday schedule would still leave approximately 53 hours each week without a US equity venue open.
Infrastructure: The National Securities Clearing Corporation moved to 24x5 operations on June 29, 2026, while consolidated quote systems were approved in July.

firstpost.com · 3 hrs ago