Author: Lao Bai Source: X, @Wuhuoqiu
Just saw a very interesting news:
A few hours ago, Nasdaq officially submitted documents to the SEC, planning to extend US stock trading hours to 23 hours a day, officially incorporating "night trading" into the official trading system
Hmm?
... Are you setting an example for the 24/7 "on-chain stocks" and "asset tokenization" market two years from now, starting with 24/7? In short, it looks like this now, but if it passes, it will look like this. If it passes, it will look like this. If it does pass, the impact will be significant. 1. Retail investors - First and foremost, retail investors will have a better experience. They won't have to stay up all night waiting for the market to open; they can buy during the day. Moreover, this boost isn't limited to Futu and Tiger Brokers; you'll experience the same with on-chain US stock exchanges like Ondo Finance and StableStock. Because essentially, your buying and selling are achieved through the brokers behind them, which is the underlying mechanism of "no slippage and unlimited liquidity on-chain US stocks," since it's connected to the NYSE and Nasdaq. The smoother the broker's buying and selling, the smoother your on-chain actions will naturally be. 2. DeFi - Previously, the low liquidity and trading volume in pre- and after-hours markets affected the composability of on-chain US stocks for DeFi participation, because the price discovery mechanism was essentially in a "degraded mode" outside of trading hours. Now, the near 24-hour official market can provide the most authoritative and uninterrupted "price oracle" for future DeFi protocols (such as lending and derivatives). 3. On-chain US Stock Brokers/MMs - These brokers/market makers can hedge in the US stock market at any time within 23 hours, making the price curve smoother. Market makers can provide deeper liquidity on-chain around the clock without worrying about extreme risks. Unlike before, when a major event or black swan event occurred a few hours before the market opened, leaving no room for price fluctuations and no escape routes for investors, who could only patiently wait for the market to open, the era of blockchain-based US stocks/everything on the blockchain is finally getting closer.






