
Cboe Global Markets, one of the largest derivatives and securities exchanges worldwide, has announced plans to implement 24-hour trading during weekdays. This initiative is intended to address rising global customer demand for increased access to U.S. equities markets. Oliver Sung, Cboe’s head of North American equities, noted that particularly in Asia Pacific regions like Hong Kong, Japan, Korea, Singapore, and Australia, there is a strong interest in extended U.S. equities trading opportunities.
Cboe plans to facilitate 24-hour trading from Monday through Friday, based on its experience in operating nearly continuous exchanges globally for certain derivatives and forex markets. This move aligns with the increasing trend of 24/7 trading alternatives available on tokenization platforms for real-world assets (RWAs). Unlike current U.S. securities exchanges that operate only between 9:30 am and 4:00 pm Eastern Time, spot cryptocurrency exchanges such as Coinbase offer continuous operation, highlighting a shift in market expectations.
RWA tokenization has witnessed a surge in popularity, reaching over $17.1 billion across more than 82,000 asset holders. This growth reflects a broader shift toward more flexible trading solutions, accompanied by predictions that the RWA market could expand to a $30-trillion opportunity by 2030. Popular tokenized money market funds, including Hashnote Short Duration Yield Coin (USDY), BlackRock USD Institutional Digital Liquidity Fund (BUIDL), and Franklin OnChain US Government Money Fund (FOBXX), currently account for more than $3 billion collectively.
The recent developments underscore a growing appetite for round-the-clock trading solutions, with Cboe set to become a leader in meeting this demand within the traditional equities sector.