trade.xyz: SKHY Will Launch as Pre-IPO Contract, Converting to Standard XYZ Perpetual Contract After ADS Trade on Nasdaq

Odaily, trade.xyz posted on X platform, stating that SKHY tracks the value of one SK Hynix American Depositary Share (ADS). This Nasdaq-listed security represents one-tenth of an SK Hynix common share held in custody by the depositary bank. SKHY will launch as a pre-IPO contract and convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing TradeXYZ SKHYNIX market, xyz:SKHX, remains unchanged, tracking one common share of SK Hynix Inc. (KRX: 000660) and will continue to operate normally based on the company's primary listing market in Seoul. The two markets are related but independent; 10 ADSs represent one common share, and the ADS may trade at a premium or discount relative to the Seoul market price.