.@RebeccaRettig1 and @renato_mariotti say crypto is pushing TradFi toward 24/7 markets, despite the challenges for traditional trading desks and compliance teams: "Crypto has really pushed the traditional markets in this perspective."

What happened

According to a post on X by CoinDesk, Rebecca Rettig and Renato Mariotti said that cryptocurrency is pushing traditional finance, or TradFi, toward 24/7 markets, even though this creates challenges for traditional trading desks and compliance teams.

Confirmed

Global impact / market context

If traditional markets move to 24/7 trading, banks and trading firms may need to spend more on staffing and technology. This could increase their costs and change how they manage risk, potentially affecting their profits and how they serve investors.

Analyst inference

Crypto markets already operate around the clock, which pressures traditional stock and bond markets to follow. This shift could lead to more trading activity and require new rules, affecting how companies raise money and how investors buy and sell assets.

Analyst inference

What to watch

1. Watch for any official statements from Rettig and Mariotti about specific challenges that traditional trading desks and compliance teams face in moving to 24/7 markets. Confirmed
2. Consider whether traditional exchanges might announce pilot programs for after-hours trading, as a response to crypto's influence, which could change when investors can trade. Proposed
3. Observe if regulatory agencies start discussing new rules for 24/7 trading, since compliance teams would need to adapt to monitor markets at all times, potentially affecting how firms operate. Analyst inference

Evidence

• x.com