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Stock impact report

Nasdaq, home of Coinbase, Strategy stocks, seeks 23-hour trading amid investor demand [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Securities and Exchange Commission (SEC) Under the proposal, Nasdaq would expand trading hours for stocks and exchange-traded products (ETPs) from 16 hours to 23 hours per day, five days a week. The new schedule would include a day session from 4 a.m. to 8 p.m. ET, followed by a one-hour break, and then a night session running from 9 p.m. to 4 a.m. ET the following day. The trading week would begin on Sunday at 9 p.m. and close on Friday at 8 p.m., with the existing opening and closing bells at 9:30 a.m. and 4 p.m. remaining unchanged, according to the filing. Most public crypto companies trade on Nasdaq's exchange, including Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR), as well as many bitcoin mining companies. Such a move would make those stocks more accessible to traders across the globe. The proposal comes as there is a growing demand from global investors to trade U.S. stocks beyond the usual trading hours. "Although trading volume in extended hours trading tend Show less Read more
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