Best time to trade crypto from Australia
It's the market that never sleeps, but what time do global crypto markets wake up?
By
Thomas StelzerUpdated
Best time to trade crypto from Australia
It's the market that never sleeps, but what time do global crypto markets wake up?
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
Crypto markets time converter
Your local time is
| Global market | Local time | Current status |
|---|---|---|
| New York (US) | ||
| Sydney (Australia) | ||
| London (UK) | ||
| Frankfurt (Germany) | ||
| Seoul (South Korea) | ||
| Tokyo (Japan) | ||
| Hong Kong (China) |
A market's peak trading hours is typically 8 a.m. to 4 p.m. in its local time.
These are the trading hours that usually drive the highest trade volume in each region. Although a market can be "closed," there might be huge movements in the global market depending on news and speculations.
Why is the converter useful if the crypto trading market is open 24/7?
Crypto trade volume dips and soars as people trade within huge global markets.
These markets react differently to the news. For instance, business headlines that might prompt a quick reaction from Americans — affecting the price of a specific coin — might not make as many waves in, say, the South Korean market.
In today’s crypto market, South Korea is among the market leaders in volume traded. This means they can play a larger role than most countries in moving the prices of specific coins. We saw this with Ripple in December 2017, when the coin traded for some 30% more on the South Korean market than it did in the US.
What time do the crypto markets open in Australia?
Like anywhere else, crypto exchanges in Australia are open 24 hours a day, 7 days a week. You should be free to trade on any major Australian exchange at any time of the day.
The only thing to keep in mind is that certain exchanges won't necessarily have 24/7 customer support so you may struggle to get technical support if you're trading in the middle of the night.
What is the best time to trade crypto in Australia?
It may sound counterintuitive, but the best time to trade crypto in Australia won't necessarily be during traditional market hours in Australia.
Most of the biggest crypto exchanges are international (like Kraken and Binance), which means the same liqudity and order books are accessed by traders all over the world.
While crypto is popular in Australia, it still only represents a fraction of the global crypto trading volume.
If you're looking to trade when volume is highest, you might want to be active in the periods when the Asian, European and US markets wake up.
The only exception to this is if you're using an Australian-only exchange like BTC Markets. On these exchanges you'll almost certain to see the most volume during regular market hours in Australia as that's when the majority of users will be active.
What cryptocurrency exchanges are open 24/7?
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Key takeaways
- Unlike stocks, cryptocurrencies aren't traded on a single, regulated exchange. Instead, Bitcoin and all other cryptos can be traded 24/7 everywhere in the world on a range of digital exchanges.
- While crypto trades non-stop, it can be beneficial to trade when the major markets are active because of better liquidity.
- You can use our time converter to see the open and close times for global trading markets in your local time zone to work out the best time for you to trade.
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