Woofun AI reports that TradeXYZ, the leading perpetual futures platform on the Hyperliquid blockchain, has listed American Depositary Receipts (ADRs) for SK Hynix. The new SKHY/USDC trading pair allows users to trade fractional ownership in the South Korean semiconductor giant via perpetual futures contracts, currently priced around $157. Each SK Hynix ADR represents one-tenth of a common share, meaning one primary share equals ten ADRs, which lowers the per-unit cost and barrier for retail participation.

This listing integrates a traditional equity derivative into the decentralized finance ecosystem, merging conventional stock market instruments with on-chain perpetual swaps. SK Hynix, a major memory chip manufacturer competing with Samsung and Micron, supplies critical components for data centers, smartphones, and AI accelerators, including high-bandwidth memory for Nvidia GPUs. The SKHY/USDC contract enables crypto-native speculation or hedging on SK Hynix’s stock performance without a traditional brokerage account, while noting risks such as price discrepancies between the ADR and the underlying Korean-listed stock.