The traditional Wall Street weekend routine is being disrupted by the rise of crypto trading, which allows traders to react to market changes in real-time. For decades, traders have had to wait until markets reopened on Sunday evening to adjust their positions, but with the advent of perpetual futures contracts, they can now trade around the clock. This shift is having a significant impact on the way traders approach the weekend, with many no longer feeling the need to reduce their positions before Friday's close. Instead, they can use perpetual futures to hedge their bets and capture profits over the weekend.
The growth of crypto trading is also influencing traditional markets, with some traders using perpetual futures as a tool to gauge how the market will trade when it opens on Monday. While the volumes are still modest, the impact of perpetual futures on traditional markets is likely to grow as more traders become comfortable with the concept of 24/7 trading.