Stock exchange with near round-the-clock trading set to open in 2025

A new era of stock trading is about to unfold in 2025. The 24X National Exchange, a Stamford, Connecticut-based trading platform, is set to launch with an almost uninterrupted schedule.

Designed to serve both retail and institutional investors, this exchange plans to operate on business days from 4:00 a.m. to 7:00 p.m. Eastern Time.

But that’s not the big deal. Pending final approvals from the U.S. Securities and Exchange Commission (SEC), 24X might extend operations to 8:00 p.m. ET on Sundays through 7:00 p.m. ET on Fridays—essentially open for 23 hours a day with just a one-hour pause.

This is the closest the U.S. has ever come to a stock exchange that barely sleeps. Unlike the New York Stock Exchange (NYSE) or Nasdaq, which stick to standard hours and shut down on holidays, 24X is rewriting the rules.

The company is leaning into the global nature of trading, wanting to accommodate markets in Asia-Pacific (APAC), where U.S. equities are hot commodities, even when Wall Street is fast asleep.

Why now? – The crypto connection

Let’s not pretend this is a coincidence. Cryptocurrencies, which have been trading nonstop since Bitcoin’s debut, have been schooling traditional markets on what 24/7 access looks like.

Platforms like Binance and Coinbase thrive on constant availability, and traders have gotten used to the idea of instant action, regardless of the time or day.

Stocks, on the other hand, have stayed in their lane, sticking to opening bells and closing times. Sure, brokerage firms like Robinhood and Interactive Brokers have extended trading hours for some securities, but those windows still don’t come close to crypto’s round-the-clock hustle.

The 24X National Exchange seems to be taking a page from the crypto playbook, recognizing the demand for seamless trading across time zones and asset classes.

Dmitri Galinov, the brains behind the exchange, knows what’s at stake. “Traders are most at risk when the market is closed in their geographic location,” Galinov said in a statement. His solution? Bring U.S. equities trading to a global audience and make it as accessible as crypto.

The 24X National Exchange is powered by technology from MEMX Technologies, a company known for its high-performance systems. The exchange claims it plans to use its advanced infrastructure to adapt quickly to customer feedback, so it can build trust with traders tired of rigid systems.

Yet, for all its ambition, 24X isn’t abandoning tradition entirely. The exchange will stick to U.S. market holidays, closing in sync with NYSE and Nasdaq.

A bigger picture

Traders who have flocked to crypto markets for their constant availability might now have a compelling reason to split their attention. A stock market that’s almost always open could siphon off some of the volume that’s been a hallmark of crypto trading.

And let’s talk liquidity. Extended trading hours mean more opportunities to buy and sell, potentially stabilizing prices in both the stock and crypto markets. But with liquidity comes volatility.

Markets that never really close are like roller coasters without brakes. Every global event, every piece of breaking news, could trigger reactions that ripple across time zones.

This isn’t just about traders though. Regulators will need to step up their game too. A near-24-hour stock exchange is uncharted territory, and it could push the SEC to rethink how markets are overseen.

Don’t be surprised if this leads to clearer coexistence between crypto and equities. The overlap between the two worlds is becoming harder to ignore.

Winners, losers, and the retail dilemma

But the truth is, not everyone will be cheering for 24X. Retail investors, for one, might find the idea of nearly nonstop trading overwhelming. Let’s face it, not everyone has the stomach for markets that are always open, which is understandable.

While institutional players will likely thrive in this environment, retail traders could struggle to keep up, widening the gap between Wall Street pros and Main Street novices.

There’s also the risk of market manipulation. Longer trading hours mean more chances for bad actors to exploit loopholes. But for those who can adapt, the opportunities are huge. Arbitrage traders, for instance, could find gold in the overlapping hours between stocks and crypto.

Global participation might also see a boost, with investors from different time zones jumping in when it suits them. Whether 24X succeeds or fails, it’s pretty clear that the way we think about markets is about to change forever, even if it is just through President Donald Trump.

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