Trade.xyz introduced a pre-listing contract tied to one SK Hynix ADS on Nasdaq, while Gate migrated its SKHYUSDT pre-market perpetual after the company began U.S. trading and prepared a tokenized spot listing.
Trade.xyz said it launched SKHY, listed as xyz:SKHY, a 24/7, year-round U.S. stock contract designed to track one SK Hynix ADS on Nasdaq, with each ADS representing one-tenth of a common share. The company said the instrument would begin as a pre-listing contract and convert into a standard XYZ perpetual contract once the ADS starts trading. Separately, Gate said it migrated the SKHYUSDT Pre-Market perpetual contract to the official SKHYUSDT perpetual contract after SK Hynix completed its initial public offering and began trading on the U.S. stock market on July 10, 2026. Gate said trading and existing positions were unaffected, the official contract supports 1x to 50x leverage for long and short positions, and revised risk limits apply. Gate also said it would list SKHYG, a tokenized SK Hynix spot product backed 1:1 by the underlying asset, for trading against USDT from July 11, 2026 at 08:00 UTC.