SK Hynix perpetual futures tracking the Korea Exchange-listed stock recorded approximately 10.6 trillion KRW (~7.097 billion USD) in trading volume on Binance, the world's largest cryptocurrency exchange, on the 13th-14th. The surge was driven by significant stock price volatility during this period, with SK Hynix shares dropping 9.5% on the Korea Exchange and the Nasdaq-listed ADR experiencing sharp declines followed by rebounds. The SKHYNIXUSDT product ranked 3rd among 825 USD-M futures products on Binance on both days, reflecting sustained trading demand.
SKHYNIXUSDT Records 10.6 Trillion KRW Trading Volume on Binance
SKHYNIXUSDT traded approximately 7.097 billion USD (about 10.6 trillion KRW) on Binance on the 13th-14th. On the 13th, the product recorded approximately 3.554 billion USD (about 5.2947 trillion KRW) in trading volume, followed by approximately 3.544 billion USD (about 5.2803 trillion KRW) on the 14th. The 13th marked the highest daily trading volume since Binance first launched SKHYNIXUSDT on the 2nd of last month.
The product maintained a high ranking within Binance's futures market. On both the 13th and 14th, SKHYNIXUSDT ranked 3rd in trading volume among 825 USD-M (stablecoin-settled futures) products on the exchange.
SKHYUSDT ADR-Tracking Product Shows Strong Performance
The perpetual futures tracking SK Hynix American Depositary Receipts (ADR), SKHYUSDT, also attracted significant interest during the same period. SKHYUSDT recorded trading volumes of approximately 544.1 million USD (about 811.5 billion KRW) on the 13th and approximately 1.348 billion USD (about 2 trillion KRW) on the 14th. The product ranked 17th and 10th respectively among USD-M products on these days.
SK Hynix Stock Price Volatility Drives Trading Surge
The high trading volumes for both products on Binance's futures market resulted from SK Hynix stock price fluctuations. SK Hynix shares listed on the Korea Exchange declined approximately 9.5% from 2.113 million KRW to 1.913 million KRW during the 13th-14th period. SK Hynix ADR listed on Nasdaq dropped approximately 9% on the 13th, then surged on the 14th, showing rapid price changes.
FAQ
What trading volume did SK Hynix perpetual futures achieve on Binance on the 13th-14th?
SKHYNIXUSDT recorded approximately 7.097 billion USD (about 10.6 trillion KRW) in trading volume on Binance on the 13th-14th, with approximately 3.554 billion USD on the 13th and 3.544 billion USD on the 14th.
Why did SK Hynix perpetual futures see increased trading on Binance?
The trading surge was driven by SK Hynix stock price volatility, with Korea Exchange-listed shares dropping 9.5% from 2.113 million KRW to 1.913 million KRW and Nasdaq-listed ADR experiencing a 9% decline on the 13th followed by a surge on the 14th.
How did SKHYNIXUSDT rank among Binance futures products?
SKHYNIXUSDT ranked 3rd in trading volume among 825 USD-M futures products on Binance on both the 13th and 14th.
