Micron ADR's Pre-Listing Crypto Already the Second Battlefield, SKHX Trading Volume Accounts for 38% of Underlying Shares

BlockBeats News, July 9th, according to Hyperinsight monitoring, Hynix ADR has not yet landed on Nasdaq. The cryptocurrency market has become one of the largest trading venues for Hynix outside the regular stock market.

In the past trading day, the cryptocurrency market SKHX futures contract has traded $3.668 billion, equivalent to approximately 38% of the concurrent KOSPI stock market turnover ($9.64 billion).

Among them, Trade.xyz contributed approximately $0.985 billion to SKHX trading volume; the platform's total trading volume in the past day reached $4.93 billion, with SKHX's current open interest exceeding $0.36 billion.

Note: Cryptocurrency market-related trades are mainly based on leveraged contracts, and the trading volume is on a nominal basis; if calculated on a non-leveraged basis, the actual fund size will be somewhat lower.