Continuous Trading

Definition ∞ Continuous Trading describes a market mechanism where participants can execute trades at any time during market hours, without specific auction periods or scheduled halts. In cryptocurrency markets, this typically extends to 24 hours a day, seven days a week, allowing for constant price discovery and transaction execution. This model contrasts with traditional markets that often have fixed trading sessions and closing times.
Context ∞ The continuous trading nature of digital asset markets contributes to their global accessibility and high liquidity, but also to heightened volatility. A key discussion point involves the implications of non-stop trading on market surveillance, investor protection, and the potential for market manipulation across different time zones. Future developments may include enhanced regulatory oversight for continuous trading platforms and the implementation of circuit breakers to manage extreme price movements.