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Cryptocurrencies Continue to Operate When Banks Are Closed

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by Giorgi Kostiuk

4 hours ago


On a day when U.S. banks are closed, Coinbase CEO Brian Armstrong highlighted one of crypto’s key advantages—its 24/7 availability.

Cryptocurrencies Are Always On

Traditional financial institutions shut down during holidays, but crypto markets like Bitcoin and Ethereum remain operational. This difference reflects a shift towards financial independence, allowing users to transact, trade, and manage assets at any time.

Brian Armstrong’s Message

Armstrong’s tweet emphasizes that financial services shouldn’t be limited by office hours or geography. Blockchain technology enables global, peer-to-peer transactions without the need for centralized intermediaries. "U.S. banks are closed today but crypto works for you every day," Armstrong noted.

Rise of Decentralized Finance

Armstrong also highlights the growing rise of decentralized finance (DeFi). DeFi platforms give users the ability to lend, borrow, and earn yield without needing a traditional bank. These platforms are accessible around the clock and are not bound by borders or bank holidays.

Armstrong's message underscores why cryptocurrencies continue to gain traction as an alternative financial solution. Their round-the-clock availability and lack of borders make them attractive to users worldwide.

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