Nasdaq plans to extend trading hours for stocks and trading products to 23 hours.

According to Odaily, Nasdaq has filed documents with the U.S. Securities and Exchange Commission (SEC) proposing to extend trading hours for its stocks and exchange-traded products (ETPs) from 16 hours per day to 23 hours per day, five days a week. This move aims to meet the growing demand from global investors for delayed trading in U.S. stocks and to align with the expectations of new investors in the 24/7 cryptocurrency market.

According to the proposal, Nasdaq's new trading hours will include:

Daytime trading session: 4:00 AM to 8:00 PM Eastern Time

One-hour market closure: 8:00 PM to 9:00 PM (for maintenance, testing, and trade clearing)

Night trading session: 9:00 PM to 4:00 AM the following day

The entire trading week will run from 9:00 PM Sunday to 8:00 PM Friday. The existing regular trading session (9:30 AM to 4:00 PM) will maintain its opening and closing times. Nasdaq stated in its filing that this move aims to attract order flows from foreign investors in different time zones, including those in Asia, as well as from investors active in the cryptocurrency market. This will make Nasdaq-listed companies such as Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR), as well as many Bitcoin mining companies, more accessible to global traders.