Here are the maintainance trading hours on the cryptocurrences’ asset class at several well known brokers.
Closed trading hours :
CMC Markets, friday 20h GMT > sunday 22h GMT
Darwinex, friday 21h GMT > sunday 21h55 GMT
Dukascopy, friday 20h GMT > sunday 21h GMT
FXCM, friday 20h45 GMT > sunday 22h GMT
IG, friday 21h GMT > saturday 8h GMT
JFD Bank, friday 21h58 GMT > sunday 22h GMT
LMAX, everyday 21h GMT > 21h05 GMT
XTB, friday 20h GMT > saturday 2h GMT
Only LMAX is doing it right, which is a noticeable achievement.
Having 1 or 2 days of the weekend closed, leading to an artificial overweekend gap, can be hyper frustrating (opportunities missed), also quite risky to trade, excluding to exit a position (I’m assuming also a big inconvenient to manage the Darwin asset), because it forces the trader to become passive on super volatile instruments.
Knowing that the spot underlying as well as the crypto specialized exchanges always quote, never sleep 24/7, it makes the crypto traders hesitant to adopt the crypto CFDs at a traditionnal broker because this specificity is a big let down (outside large swaps, the main major one really ! Otherwise there can be benefits to transition)
For real, who wants to suffer from this for no viable reason, when you got other options ?
If LMAX lately is avoiding trading suspensions almost entirely, why oh why aren’t you following LMAX footsteps at Darwinex, staying closed during the weekend ? You’d convince lots of traders by upgrading your trading hours. What is the explanation for you not mimicing LMAX, regarding this aspect ?
edit : this article was just released
The comon sense reason is playing tricks to the future players (the CME contract is closed saturday/sunday)
If you were cancelling that gap risk, maybe you could even resume a leverage calibration 2:1, still acceptable in terms of the risk vs volatility (at least for the trader part, if not Darwins).
In the end, are you working on enabling cryptocurrencies for Darwins ? The recent times continue to demonstrate plenty of massive benefit opportunities that could be shared with investors, while the volatility and volume on the forex have shrinked.