The development of blockchain technology and cryptocurrencies is closely related to the shortcomings of the current financial system. Today's consumers are tired of the long wait times associated with transaction or payment verification and the exorbitant transaction fees, while blockchain and cryptocurrencies have been able to overcome these issues in a relatively short time. For investors who are new to digital currency trading, it may not be very clear what the trading hours are. Unlike the stock market, which has restrictions, digital currency trading can occur 24 hours a day. Many investors may still be unaware of whether digital currency trading is indeed 24 hours and whether there are any restrictions on it. Let me introduce it to you.
OKX_ Global digital currency trading platform, click the link below to register on the OKX exchange official website and receive a blind box reward of up to 10,000 USDT!
OKX registration link: https://www.okx.com/join/OK234
Huobi / Binance / OKX Android APP download: https://688li.com/
Binance registration link: https://www.binance.com/zh-CN/join?ref=587926281
Is digital currency trading available 24 hours?
Digital currency trading is available 24 hours a day. The international digital currency trading time is 7*24 hours, with trading only interrupted during the settlement or delivery period every Friday at 16:00 (UTC+8). In the last 10 minutes before delivery, only closing positions are allowed, and no new positions can be opened.
Digital currency trading is open year-round and around the clock, providing investors with 24-hour trading availability. Even on statutory holidays, investors can engage in digital currency trading. Digital currencies do not require manual operation, so there is no need for a market closure.
Digital currencies support same-day buying and selling, allowing for immediate transactions. Funds can be liquidated at any time, providing high liquidity. The digital currency trading market is divided into international and domestic markets. Domestic sales of digital currencies are prohibited, and many digital currency trading platforms have shut down.
Are there any restrictions on digital currency trading?
There are no restrictions on digital currency trading. If it is a global virtual digital currency, it should be traded 24 hours a day without price limits. Virtual currencies are legally recognized in the country, but engaging in illegal activities using virtual currencies is against the law. Bitcoin is defined as a special type of internet commodity in the country, and currently, financial institutions are prohibited from providing Bitcoin-related products or services. Bitcoin cannot and should not be used as currency.
Digital currency is an unregulated, digital form of currency, typically issued and managed by developers, accepted and used by members of specific virtual communities. The European Banking Authority defines virtual currency as a digital representation of value that is not issued by a central bank or authority and is not pegged to fiat currency, but is accepted by the public, thus serving as a means of payment and can be transferred, stored, or traded in electronic form.
The above is the detailed content regarding whether digital currency trading is available 24 hours and whether there are any restrictions.