The crypto market’s SK Hynix contract day trading volume was $8.8 billion, accounting for 30% of the total trading volume of Korean stocks and US stock ADRs.

BlockBeats message, July 14, according to Hyperinsight monitoring, in the past 24 hours, the total trading value of SK Hynix-related contracts across the entire crypto market was approximately $8.804 billion. Of this, the Korean stock contract SKHX had trading value of approximately $7.439 billion, and the US stock ADR contract SKHY had trading value of approximately $1.365 billion; the two combined open interest was approximately $1.528 billion.

Compared with traditional markets, SK Hynix’s Korean stock common shares saw 16.8043 million shares traded today, with a trading value of approximately 30.5305 trillion Korean won; translated using the USD-to-KRW rate of 1,493.5, this is about $20.442 billion.

On Nasdaq, SKHY on July 13 saw 57.2843 million ADRs traded in the previous full trading day; roughly calculated using the $152.35 closing price per ADR, the trading value was approximately $8.727 billion.

Based on this estimate, the crypto market’s $8.804 billion trading value is roughly equivalent to 30.2% of the combined trading value of $29.170 billion for stocks in both Korea and the US. By market, the crypto contract trading value of SKHX was approximately 36.4% of the Korean stock common shares; the crypto contract trading value of SKHY was approximately 15.6% of Nasdaq ADRs.

Hyperliquid data shows that on the platform, the combined trading value of SKHX and SKHY over the past 24 hours was approximately $1.840 billion, accounting for about 20.9% of the total trading value across the entire crypto market. Currently, SKHX is quoted at $1,279.60, and SKHY at $161.84; using the conversion of 10 ADRs corresponding to 1 share of Korean stock common shares, SKHY trades at a premium of about 26.48% versus SKHX.

Note: In the crypto market, trading value uses the notional basis of leveraged contracts; the Korean stock data corresponds to the full trading day of July 14, and the Nasdaq data corresponds to the full trading day of July 13. Korean stock USD trading value, US stock ADR trading value, their proportions, and the premium are all secondary calculated values.

SKHY9.73%
SKHYNIX6.55%
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