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By
Thomas StelzerUpdated
Coinstash
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.
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.
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.
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.
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.
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How we picked theseDisclaimer: 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.
Tom Stelzer is a journalist with 6 years of experience covering personal finance, specialising in investment and cryptocurrency. With a Master of Media Arts and Production and a Bachelor of Communications in Journalism from the University of Technology Sydney, Tom provides expert analysis on digital assets and market trends, helping readers navigate the fast-evolving world of finance. See full bio
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