Wall Street’s potential shift toward 24-hour stock trading and Coinbase’s request to list always-on equity perpetuals are bringing traditional market structure closer to crypto’s round-the-clock model. The U.S. Securities and Exchange Commission is expected to discuss around-the-clock trading on September 17 with firms including BlackRock, Nasdaq, the New York Stock Exchange, Robinhood, Jane Street, Citigroup, and DTCC.
In a separate but related filing effort, Coinbase is asking the SEC for listing approval—not a confirmed launch—for 24/7 equity perpetuals. These expiration-free derivative contracts track an underlying stock or equity index and can be held indefinitely, a structure that first became widely used in Bitcoin and other digital-asset derivatives markets. If approved, the product would extend always-on trading into U.S.-regulated equity-linked exposure, allowing traders to react to news outside regular market hours.
The convergence has different implications across crypto assets. Infrastructure-focused networks such as Hedera (HBAR) and Algorand (ALGO) may draw more attention because they target enterprise blockchain applications, tokenization, and financial use cases. Higher-risk meme assets such as Gigachad (GIGA), Notcoin (NOT), and Fartcoin (FARTCOIN) remain more sensitive to liquidity, sentiment, and speculative demand. Extended trading hours could increase activity, but would not guarantee stronger demand for sentiment-driven tokens.
For Bitcoin, the issue is also structural. Bitcoin’s base layer settles blocks roughly every ten minutes, every day of the year, and its markets never close. The perpetual contract model that Coinbase now wants to bring to equities originated in crypto, highlighting how Bitcoin’s market design has shaped traditional finance. The SEC’s decision could set a precedent for future always-on product listings. Coinbase has pursued parallel regulated expansions, including an OCC trust charter application and Bitcoin-backed mortgages, as part of the same push to formalize crypto-adjacent products inside existing regulatory perimeters.
