SK Hynix Perpetual Futures Trading Surges to 7% of Spot Volume Since June Launch

According to Digital Asset analysis, SK Hynix perpetual futures (SKHYNIXUSDT) trading on offshore exchanges has reached approximately 1.1 trillion Korean won in daily average volume since its June launch, representing 7% of spot trading volume on KOSPI and 13% of single-stock leveraged ETF volume. The product is listed on eight major centralized and decentralized exchanges including Binance, OKX, Gate, Bybit, Bitget, HyperLiquid, Astar, and Liter.

Offshore exchanges offering the product provide leverage ratios up to 50x with minimal investor protections. Regulators lack enforcement mechanisms to oversee these offshore platforms, as existing domestic frameworks do not specifically address perpetual futures or grant regulatory authority over unregistered overseas exchanges.