Before the listing of SK Hynix ADR, crypto has become a second battleground, with SKHX trading volume reaching 38% of the underlying stock.

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BlockBeats News, July 9. According to monitoring by Hyperinsight, Hynix ADR has not yet been listed on Nasdaq, and the crypto market has become one of the largest trading venues for Hynix beyond its primary stock.

Over the past trading day, the SKHX contract in the crypto market recorded $3.668 billion in trading volume, which is about 38% of the underlying South Korean stock’s trading volume ($9.64 billion) in the same period.

Of that, Trade.xyz contributed approximately $985 million in SKHX trading volume. Over the past day, the platform’s total trading volume reached $4.93 billion, and SKHX’s current open interest exceeds $360 million.

Note: Trading in the crypto market is mainly conducted through leveraged contracts, and the trading volume is measured on a nominal basis; on a deleveraged basis, the actual capital scale will likely see a reduction.

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