Nasdaq plans to add overnight trading in December, extending its market to 23 hours a day as industry figures compare the shift with crypto’s always-on model.

Key Points:

• Nasdaq wants to add a 9 p.m. to 4 a.m. ET overnight session and move to 23-hour trading five days a week.
• The exchange is targeting Dec. 6, 2026, but the plan still depends on SEC approval and industry infrastructure readiness.
• Crypto executives say the proposal reflects a broader migration of always-on trading, perpetual futures and tokenization into traditional finance.

Nasdaq Trading Plan

Nasdaq said in its global trading hours FAQ that it is seeking regulatory approval for an overnight session from 9 p.m. to 4 a.m. ET, supplementing its existing premarket,…