Gate News message, April 24 — South Korea’s Korea Exchange (KRX) cited the listing of Korean stock market products by a major global digital asset exchange as justification for extending trading hours. The exchange said it needs to extend trading hours and improve market infrastructure to compete for global liquidity amid growing competition from international venues.
KRX was referring to a major digital asset exchange that launched perpetual futures contracts (unlimited-duration futures) based on the iShares MSCI Korea ETF (exchange-traded fund) on March 16. The ETF tracks large and mid-cap Korean stocks. The exchange explained that global venues like the New York Stock Exchange (NYSE) and Nasdaq are building 24-hour trading systems to capture liquidity from Asia, particularly South Korea.
KRX stated that these global exchanges are extending trading hours not due to time zone differences within their own countries, but to gain an edge in global liquidity competition. The exchange emphasized that it aims to secure future growth drivers by improving stock market infrastructure, including extended trading hours, to compete not only with other Asian exchanges but also with top-tier global digital asset exchanges seeking to attract its liquidity.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S.-Iran Talks in Islamabad "Very Likely" to Achieve Breakthrough, Iranian Delegation Expected Tonight
Gate News message, April 24 — Government officials confirmed that U.S.-Iran negotiations in Islamabad are "very likely" to achieve a breakthrough. A delegation led by Iranian Foreign Minister Araqchi is expected to arrive in Pakistan's capital tonight.
Earlier today, Iran's Foreign Minister held a
GateNews11m ago
White House Extends Jones Act Waiver to Ease Oil Supply Tensions
Gate News message, April 24 — The White House will extend its waiver of the Jones Act, a century-old maritime law, to lower transportation costs for oil, natural gas, and other commodities within the U.S. and ease supply pressures. President Trump previously announced a temporary waiver on
GateNews24m ago
Iran Collected Strait of Hormuz Toll in Foreign Currency, Not Bitcoin
Iran's central bank announced that the first transit fee collected from ships passing through the Strait of Hormuz was paid in "cash foreign currency," contradicting earlier reports that the toll would be collected in cryptocurrency. The payment was deposited directly into bank accounts in foreign c
CryptoFrontier1h ago
Israel Sets Strike Targets on Iran, Focusing on Economic and Infrastructure Damage
Gate News message, April 24 — Israel's Defense Minister has designated strike targets in Iran and is preparing for operations focused on inflicting significant economic damage beyond military objectives, according to Israel's Channel 12. Building on previous military actions, Israel aims to
GateNews2h ago
India's Central Bank Pilots Digital Rupee for Welfare Payments, Eyes BRICS CBDC Interoperability
Gate News message, April 24 — India's central bank is piloting digital rupee (e-rupee) payments across approximately 10 initiatives to distribute roughly $80 billion in welfare subsidies, aiming to reduce leakage and corruption while identifying practical use cases for its CBDC. In Maharashtra,
GateNews2h ago
Iran's Vice President Vows Strong Response to Attacks on Energy Facilities
Gate News message, April 24 — Iran's Vice President Ismail Sagheb Isfahan announced on April 24 that Iran will respond forcefully to any attacks on its energy facilities. Speaking at a rally in Islamshahr, Isfahan stated that if adversaries misjudge the situation, Iran's strategy will escalate
GateNews2h ago
