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

MarsBitNews
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Mars Finance news: On July 9, according to monitoring by Hyperinsight, Hynix ADR has not yet been listed on Nasdaq. The crypto market has become one of the largest trading venues for Hynix outside of the underlying stock. Over the past trading day, SKHX contracts in the crypto market recorded a trading volume of $3.668 billion, which is about 38% of the underlying stock’s trading volume on the Korean stock market ($964 million). Of this, Trade.xyz contributed approximately $985 million in SKHX trading volume. The platform’s total trading volume over the past day was $4.93 billion, and SKHX’s current open interest exceeds $360 million. Note: Trades related to the crypto market are primarily leveraged contracts, and the volume is reported on a notional basis; if calculated on a de-leveraged basis, the actual capital scale would decline.
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