London Stock Exchange Launches 24hr Trading to Compete with Crypto Venues
- Tokenization Insight
- 2 days ago
- 2 min read
London Stock Exchange launches 24hr trading as it seeks to gain a foothold in the retail volume captured by crypto exchanges.
The LSE said on Tuesday it would launch a night-time trading venue in the first half of 2027. The new exchange will operate separately from the LSE’s main market, and initially offer access to 2,600 exchange-traded products such as funds tracking the UK or US stock market.
➡️ Why this matters
The market structure surrounding the world’s most liquid financial assets is changing rapidly as traditional and onchain markets converge.
Tokenized money market funds and stablecoins are creating new ways for institutions, corporate treasurers, SMEs and retail investors to access US Treasuries.
Meanwhile, crypto markets have reset expectations around how financial products should trade:
- around the clock
- globally accessible
- composable with other assets and financial applications
Perpetual swaps (perps) demonstrate the scale of this shift. Designed for 24/7 and capital-efficient trading, perps generated approximately $61.7 trillion of volume in 2025, up 300% from 3 years ago.
It is now a $50B+ revenue business. This number is bigger than the 2025 revenue from NYSE, Nasdaq and LSEG combined.
Yet traditional exchanges have captured very little of this activity.
The recent partnerships and investments into crypto exchanges from Nasdaq, NYSE and Deutsche Borse illustrate the urgency to keep up with the changing trends.
This LSE move represents its own attempt to tap into that demand.
It is another sign that the operating model pioneered by crypto, continuous, global and increasingly programmable, is beginning to reshape traditional markets.
Food for Thought: with 24/5 markets comes the need for 24/5 settlement. Will tokenized deposits, stablecoins or digital central bank money be the preferred option?
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