SK Hynix perpetual futures on Binance ranked 11th by trading volume among USD-M perpetual futures products on the 23rd-25th, according to analysis by Digital Asset on the 26th. The product, which launched on the 2nd, accumulated 8.5 trillion won in cumulative trading volume. Trading volume surged during the 23rd-25th period as SK Hynix stock price experienced sharp fluctuations, with daily volumes reaching 863.42 million USD on the 23rd, 911.05 million USD on the 24th, and 858.91 million USD on the 25th. Perpetual futures are derivative products in digital asset markets with no expiration date, allowing 24-hour trading and high-leverage application.
SK Hynix Perpetual Futures Trading Volume Surged During Stock Price Volatility
SKHYNIXUSDT, the perpetual futures product tracking SK Hynix stock price, showed continuous trading volume growth since its launch on the 2nd. Initial trading volume started at 15.18 million USD (approximately 23.5 billion won) on the first day, surpassed 100 million USD (approximately 154.9 billion won) on the 7th, and exceeded 200 million USD (approximately 309.8 billion won) for the first time on the 18th.
Trading volume surged during the 23rd-25th period when SK Hynix stock price experienced sharp fluctuations. Daily trading volumes reached 863.42 million USD (approximately 1.3374 trillion won) on the 23rd, 911.05 million USD (approximately 1.4112 trillion won) on the 24th, and 858.91 million USD (approximately 1.3305 trillion won) on the 25th.
Binance Ranking Rose from 169th to 11th Since Launch
The product's ranking in Binance futures market by trading volume rose consistently. Starting at 169th position on the 2nd, the ranking climbed daily and reached 11th position during the 23rd-25th period.
Products with higher trading volume than SK Hynix perpetual futures include perpetual futures of digital assets with large market capitalization such as BTCUSDT and ETHUSDT, as well as perpetual futures tracking U.S. stocks and commodities including SPCXUSDT, SNDKUSDT, and XAGUSDT.
Trading Volume Increased During Stock Price Fluctuations
Trading volume increased when SK Hynix stock price experienced rapid changes. On the 24th, when trading volume was highest, SK Hynix stock price surged 6% before reversing gains and turning to decline. On the 23rd and 25th, when trading volume was also elevated, the stock showed increases of over 10% compared to the previous closing price.
FAQ
What trading volume did SK Hynix perpetual futures reach on Binance?
SK Hynix perpetual futures accumulated 8.5 trillion won in cumulative trading volume since launching on the 2nd, with daily volumes reaching 863.42 million USD on the 23rd, 911.05 million USD on the 24th, and 858.91 million USD on the 25th.
How did SK Hynix perpetual futures ranking change on Binance?
The product started at 169th position by trading volume on the 2nd and climbed to 11th position during the 23rd-25th period among Binance USD-M perpetual futures products, according to Digital Asset analysis on the 26th.
