Crypto infrastructure company Chainlink is launching 24/5 trading of US stocks and ETFs on-chain, bringing the $80 trillion US market to crypto platforms. This allows traders to buy, sell, or lend blockchain-based stocks beyond standard US trading hours. Traditional exchanges are also moving towards 24/7 trading due to rising demand globally. Chainlink aims to expand to other asset classes and countries with 24/7 on-chain coverage.
Several crypto platforms, including BitMEX and ApeX, are already using Chainlink’s new data streams for 24/5 stock trading. The New York Stock Exchange is developing a blockchain-based platform for 24/7 trading and instant settlement of tokenized stocks and ETFs. US regulators are exploring the possibility of allowing 24/7 markets, with the SEC and CFTC considering the shift.
Chainlink believes US equities are underrepresented on-chain and sees increasing demand for continuous, high-fidelity equity data reflecting real-world market dynamics at all times. The company plans to expand coverage to other asset classes and countries, as well as the possibility of 24/7 on-chain trading.
Read more at CoinTelegraph: Chainlink Brings 24/5 Stock, ETF Data On-chain
