Seed CX’s digital asset exchange (SXCM) is now open 22 hours a day, five days a week.
The firm plans to move to 23/7 trading in the near futures, and says that the goal of SCXM’s extended hours is to “provide global traders with greater flexibility for trading”, giving market participants the ability to buy or sell digital assets across all time zones. Until the switch was announced, the exchange was open from 7.30am to 4pm CT.
“Digital asset trading is built on a 24/7 model. After successful trading in BTC, ETH, BCH and LTC and millions of dollars of daily traded volume, we are excited to have extended our market hours,” says Brian Liston, Seed CX co-founder and president. “Our institutional users are now able to execute near-continuous trading, able to call us any time of day and receive real, human support.”
Last week, Profit & Loss reported on Seed CX’s introduction of three stablecoins, PAX, USD Coin and TrueUSD, to its digital asset exchange. Earlier this month, Seed CX announced a partnership with TradAir, the global provider of trading technology solutions for banks, brokers, prime-of-primes and regulated marketplaces.