Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week on Sept. 30 that round-the-clock trading is not the defining advantage of onchain finance over traditional trading venues. He argued that crypto assets are global by nature and do not need to follow conventional market hours, while traditional exchanges themselves are already extending trading sessions. In his view, the real edge of onchain systems is that users keep control and custody of their own funds, which can reduce common single points of failure when counterparties, intermediaries, or custodians run into trouble. Yan also pointed to transparency as another core advantage, saying users can theoretically see everything happening inside the system, offering a level of trust and neutrality that privately controlled systems cannot match. He added that 24/7 trading still has practical value for assets that lack public price discovery after traditional markets close, including commodities, stocks, and pre-IPO assets. Yan said private markets could become the next major asset class to adopt always-on trading, with global price discovery potentially letting more users access those markets earlier instead of being limited to a single jurisdiction.
According to BlockBeats, Hyperliquid co-founder Jeff Yan said at Korea Blockchain Week on Sept. 30 that 24/7 trading is not the true advantage that sets onchain finance apart from traditional trading venues.
Yan said crypto assets are inherently global and do not need to follow the trading hours used in traditional markets. He also noted that traditional exchanges are extending their own trading windows.
In his view, the main advantage of onchain finance is that users retain control and custody of their funds. At critical moments, when a counterparty, intermediary, or custodian runs into problems, self-custody can reduce common single points of failure.
Yan also said transparency is another core strength of onchain systems. Users can theoretically see everything happening inside the system, giving a level of trust and neutrality that a system controlled by a single private institution cannot provide.
At the same time, he said 24/7 trading still matters for assets that do not have public pricing after traditional markets close, including commodities, stocks, and pre-IPO assets.
Yan added that private markets may be the next important asset class to move toward around-the-clock trading. A global price discovery mechanism could allow more users to participate in those markets earlier, rather than being confined to a single jurisdiction.
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