Are there any risks involved in purchasing cryptocurrencies after the stock market closes?

1 answers

• May 14, 2022 · 3 years ago
  At BYDFi, we advise caution when buying cryptocurrencies after the stock market closes. While it is possible to trade cryptocurrencies 24/7, it's important to be aware of the potential risks. The lack of market liquidity during non-trading hours can result in wider bid-ask spreads, making it more expensive to buy or sell cryptocurrencies. Additionally, since the stock market is closed, there may be delays in processing transactions, which could impact the timing of your trades. It's always a good idea to closely monitor the market and consider the potential risks before making any investment decisions. Remember, the cryptocurrency market is highly volatile, and prices can fluctuate rapidly, even when the stock market is closed.
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