The traditional Wall Street trading week used to follow a predictable pattern, with traders focusing on making profits from Monday to Friday and then scaling back their activities over the weekend. However, the rise of crypto markets has disrupted this routine, allowing traders to respond to market developments 24/7. This shift has significant implications for the trading of commodities, such as oil, where traders can now use perpetual futures contracts to hedge their bets over the weekend.
While institutional traders have been slow to adopt this new approach, crypto-native firms, proprietary trading shops, and savvy retail traders are already taking advantage of these opportunities. The growth of perpetual futures trading is also influencing traditional markets, providing a new source of price discovery and changing the way traders behave.
As the crypto market continues to evolve, it is likely to have a profound impact on the traditional trading landscape, potentially leading to the development of 24/7 markets.