TradeXYZ lists SK Hynix ADR under ticker SKHY

Trade.xyz, the largest perpetual futures trading platform on Hyperliquid (HYPE), has listed SK Hynix American Depositary Receipts (ADRs) under the ticker SKHY. Each ADR represents 0.1 of a common share, meaning one common share is equivalent to 10 ADRs. The SKHY/USDC pair is currently trading at around $157. Meanwhile, Bloomberg reports that the offering price for the ADR listing was $149 per share, a 3.1% premium over the closing price of the common stock in South Korea.