Best time to trade crypto in Australia

Hope everyone is feeling great today,

May I ask when is the best time to trade cryptocurrencies in Australia?

C
@chris_4eva - 8 months ago

For me it depends on the crypto pairing and the quote currency in the pair. If I want to trade BTC/USD pair then I do so during the New York session (from 10 PM in the night till 3 AM early in the morning in Australian time) when American liquidity providers will be awake and active. However, If I want to trade a crypto pair like BTC/GBP I do it during the London session etc.

T
@tony_xhan - 8 months ago
Quoted - chris_4eva

For me it depends on the crypto pairing and the quote currency in the pair. If I want to trade BTC/USD pair then I do so during the New York session (from 10 PM in the night till 3 AM early in the morning in Australian time) when American liquidity providers will be awake and active. However, If I want to trade a crypto pair like BTC/GBP I do it during the London session etc.

I trade crypto either at the start of the London session or at the overlap of the London NY sessions. Crypto can also be traded during weekends but you'd have to be really desperate to do that because you wont see much action.

Let me also add that one of the worst times to trade crypto in Australia & anywhere on the planet is during or immediately after major news releases (like NFP or CPI news).