Coinbase Lists SK Hynix ADR Perpetual Futures on July 16; Binance SKHYUSDT Hits $1.56B in 24-Hour Volume

SKHY-12.74%
CXMT-7.77%

According to industry sources, on July 16, Coinbase listed perpetual futures (SKHY-PERP) tracking SK Hynix ADR, allowing traders to bet on price movements with up to 20x leverage and 24-hour trading without holding underlying shares.

Binance's SK Hynix ADR product (SKHYUSDT) generated $1.56 billion in 24-hour trading volume as of July 15, ranking third among Binance perpetual futures. Crypto exchanges are expanding beyond listed stocks to pre-IPO companies; Trade.xyz offers perpetual futures on China's largest DRAM maker, CXMT, before its official listing, enabling global investors to trade expected valuations without direct market access.

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