Over-the-Counter (OTC) Clearing and Settlement of Digital Currencies: Unveiling the Mechanisms Behind 7x24 Continuous Trading
Unlike traditional stock markets with defined opening and closing times, the digital currency market has attracted the attention of global investors due to its 7x24-hour continuous trading feature. This characteristic has also raised a core question: how are digital currencies cleared and settled in a world without a “market close” concept? Does it completely overturn these concepts in traditional finance? The answer is that digital currencies not only have clearing and settlement, but the way they are implemented and their system design are key to supporting all-day trading.