The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InIn a move reflecting the growing convergence between digital assets and traditional finance, the CEO of Backpack has announced the launch of 24/7 trading for actual U.S. equities. According to reports, this initiative aims to bypass the constraints of traditional exchange hours, allowing users of crypto-native brokerages continuous global access to stocks. The move is designed to bridge the gap between digital brokerage services and traditional capital markets.
This development places Backpack in direct competition with fintech peers like Robinhood, which previously introduced 24/5 extended trading for select securities. Per market data, MU shares closed at $991.64 on July 9, 2026, while SNDK stood at $1,858.27 on the same date. Industry experts note that providing real equity liquidity outside official hours represents a significant operational challenge requiring robust infrastructure to maintain price stability.
Traders should monitor liquidity levels during weekend sessions, noting that SPCX closed at $160.42 as of July 6, 2026. Looking ahead to broader catalysts, the market will watch the speech by Fed Governor Bowman on July 7, 2026, which may provide insights into monetary policy directions affecting risk appetite across the tech and equity sectors.