Binance Korean Stock Perpetuals Hit $904M Trading Volume

Binance's three perpetual futures products tracking Korean stocks reached $904.58 million (approximately 1.38 trillion KRW) in trading volume from the 2nd to the 10th, according to analysis by Digital Asset. The surge followed significant market volatility on the 8th and 9th, when South Korea's KOSPI index fell below 8,000 to close at 7,484.41 on the 8th before recovering to 8,096.92 on the 9th. The three products — SAMSUNGUSDT, SKHYNIXUSDT, and HYUNDAIUSDT — launched on the 2nd on the world's largest cryptocurrency exchange, tracking the stock prices of Samsung Electronics, SK Hynix, and Hyundai Motor respectively.

SK Hynix Perpetual Accounts for $765 Million in Trading Volume

SKHYNIXUSDT recorded the highest trading volume among the three products at approximately $765.37 million (approximately 1.17 trillion KRW) from the 2nd to the 10th. SAMSUNGUSDT followed with approximately $103.52 million (approximately 160 billion KRW), while HYUNDAIUSDT recorded approximately $35.69 million (approximately 54 billion KRW) in trading volume during the same period.

KOSPI Volatility Drives $444 Million Trading Surge

SKHYNIXUSDT experienced large-scale trading on the 8th and 9th, recording approximately $444.8 million (approximately 680 billion KRW) in trading volume during this two-day period. The trading surge coincided with sharp price movements in Samsung Electronics and SK Hynix shares as the KOSPI index dropped below 8,000 on the 8th before recovering above that level on the 9th. The volatility in these leading stocks contributed to increased demand for the related perpetual futures products.

FAQ

What trading volume did Binance's Korean stock perpetuals reach from the 2nd to the 10th?

Binance's three Korean stock perpetual futures products reached approximately $904.58 million (approximately 1.38 trillion KRW) in trading volume from the 2nd to the 10th, according to Digital Asset analysis.

Why did SKHYNIXUSDT trading volume surge on the 8th and 9th?

SKHYNIXUSDT recorded approximately $444.8 million (approximately 680 billion KRW) in trading volume on the 8th and 9th, coinciding with significant KOSPI volatility when the index fell to 7,484.41 on the 8th before recovering to 8,096.92 on the 9th, driving demand for the perpetual futures product tracking SK Hynix stock.