My understanding of “timeless trading” is not about making all exchanges operate 24/7. The real issue is that prices have long been global, but settlement systems have not. Cryptocurrency assets continue to fluctuate over weekends, while banks are closed; U.S. stocks have already traded, but funds and securities still await clearing; after Asian markets close, capital seeking to enter European or U.S. markets still faces constraints from time zones, account systems, and settlement networks. What truly needs to be connected is not just trading hours, but the underlying funds, assets, and collateral behind trades. If assets such as stocks, bonds, and commodities gradually become tokenized, combined with stablecoins and real-time settlement networks, the structure of markets will transform dramatically. For example, a tokenized U.S. Treasury bond could serve directly as collateral to provide liquidity for another market—without needing to be sold first. Capital would no longer need to exit one system and wait to enter another. At that point, Tokyo, London, and New York would no longer be merely three markets opening in sequence, but different entry points within a single, unified liquidity network. Yet here lies an often-overlooked issue: as markets run continuously, risks will also propagate continuously. Previously, shocks were temporarily contained by market closures; in the future, they may spread in real time across stocks, forex, commodities, and crypto assets. Cross-market risk management, asset custody, identity verification, and settlement rules will become more critical than trading speed. My view is that the true value of “timeless trading” lies not in enabling traders to monitor markets at 3 a.m., but in ensuring assets do not lose liquidity simply because banks are closed, markets are shut, or systems are fragmented. The most significant demonstration provided by the crypto market so far is not any particular coin’s price surge—but proof of one fundamental truth: global financial infrastructure could—and should—always be online.