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Trade.xyz Launches Trading of US Stock SK Hynix

BlockBeats News, July 9th, according to official sources, Trade.xyz has announced the listing of the US stock SK Hynix (ticker: xyz:SKHY), which is now available for trading with around-the-clock support (7x24 hours, 365 days).


SKHY tracks the value of one share of SK Hynix American Depositary Shares (ADS). The ADS is listed on the Nasdaq and represents one-tenth of a share of SK Hynix common stock held in custody by a depository bank. SKHY was introduced in the form of a pre-listing contract and converted to a standard XYZ perpetual contract after the ADS began trading on the Nasdaq.

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Aletheia Capital has raised SK Hynix's price target to around $3,500, far above mainstream institutions.
The craze is shifting from the valuation narrative to the balance sheet and return-on-investment timeline arena
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