trade.xyz: SKHY will be listed as a pre-IPO contract, and will convert to a standard XYZ perpetual contract after ADS trading begins on Nasdaq

Odaily Planet Daily News, trade.xyz posted on platform X, stating that SKHY tracks the value of one SK Hynix American Depositary Share. This Nasdaq-listed security represents one-tenth of a SK Hynix common share held in custody by the depositary bank. SKHY will be listed as a pre-IPO contract and will convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing SKHYNIX market on TradeXYZ, xyz:SKHX, will remain 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 ADS represent one common share, and the ADS may trade at a premium or discount relative to the Seoul market price.