SK Hynix-linked crypto derivatives hit $8.8B in 24 hours, about 30% of combined Korea-U.S. equity turnover

July 14 (UTC+8) — Hyperinsight data shows SK Hynix-related crypto derivatives recorded about $8.804 billion in notional trading volume over the past 24 hours. The Korea-listed contract SKHX accounted for roughly $7.439 billion, while the U.S. ADR contract SKHY saw about $1.365 billion. Combined open interest across both contracts was approximately $1.528 billion. In traditional markets, SK Hynix's Korean shares traded 16.8043 million shares on July 14, with turnover of about ₩3.05305 trillion. Using an exchange rate of 1,493.5 KRW per USD, this equals roughly $20.442 billion. On Nasdaq, SKHY traded 57.2843 million ADRs in the full session on July 13; applying the $152.35 close implies turnover of about $8.727 billion. On these calculations, the crypto market's $8.804 billion equals around 30.2% of the combined $29.17 billion turnover across the Korean shares and U.S. ADRs. By market, SKHX crypto contract volume was about 36.4% of the Korean equity turnover, and SKHY crypto contract volume was about 15.6% of Nasdaq ADR turnover. Hyperliquid figures indicate SKHX and SKHY together generated about $1.84 billion in trading volume on the platform over the past 24 hours, representing roughly 20.9% of the total crypto-market volume tracked. Latest prices were SKHX at $1,279.60 and SKHY at $161.84. Using the conversion of 10 ADRs per one Korean share, SKHY was trading at an estimated 26.48% premium to SKHX. Note: Crypto trading volumes are notional and based on leveraged contracts. Korean equity data reflects the full trading day on July 14, while Nasdaq data reflects the full trading day on July 13. USD-equivalent volumes, percentages and the premium are derived calculations. (Source: BlockBeats)