The traditional Wall Street weekend routine is being upended by the rise of around-the-clock crypto markets. For decades, traders have had to wait until markets reopened on Sunday evening to respond to any changes that occurred over the weekend.
However, with the advent of perpetual futures contracts, traders can now hedge their bets and adjust their positions at any time, including on weekends. This shift has significant implications for the way traders approach risk management and could potentially create new opportunities for profit. While the volume of weekend trading is still smaller than on weekdays, it is growing, and some traders are already using perpetual contracts to gauge market direction before traditional markets reopen. As the crypto market continues to evolve, it may be time for trading desks to start preparing for an around-the-clock market and abandon the old routine of waiting for the weekend to pass.