What are the holidays for Tokyo exchange in the world of cryptocurrencies?
MD HanifDec 24, 2021 · 3 years ago3 answers
Can you provide a list of holidays for the Tokyo exchange in the world of cryptocurrencies? I'm interested in knowing when the Tokyo exchange is closed for trading and how it affects the cryptocurrency market.
3 answers
- Dec 24, 2021 · 3 years agoThe Tokyo exchange, also known as the Tokyo Stock Exchange (TSE), follows a different holiday schedule compared to other cryptocurrency exchanges. The TSE is closed on weekends and Japanese national holidays. However, it is important to note that cryptocurrencies can be traded 24/7 on other global exchanges, so the impact of the Tokyo exchange holidays on the cryptocurrency market may be limited.
- Dec 24, 2021 · 3 years agoThe holidays for the Tokyo exchange in the world of cryptocurrencies are primarily based on the Japanese national holidays. Some of the major holidays include New Year's Day (January 1st), Coming of Age Day (second Monday of January), Foundation Day (February 11th), Showa Day (April 29th), Constitution Memorial Day (May 3rd), Greenery Day (May 4th), Children's Day (May 5th), Marine Day (third Monday of July), Mountain Day (August 11th), Respect for the Aged Day (third Monday of September), Health and Sports Day (second Monday of October), Culture Day (November 3rd), and Labor Thanksgiving Day (November 23rd). These holidays are observed by the Tokyo exchange and may affect trading volumes and market activity.
- Dec 24, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the Tokyo exchange holidays are important to consider for traders and investors. While the Tokyo exchange is closed, trading volumes may be lower, and there may be less liquidity in the market. This can potentially lead to increased volatility and wider spreads. It is advisable to be aware of the Tokyo exchange holidays and plan trading strategies accordingly. Additionally, it's worth noting that other global exchanges, such as Binance, continue to operate during Tokyo exchange holidays, providing opportunities for trading cryptocurrencies.
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