trade.xyz is a perpetual platform that can be used to trade any commodity, including stocks.
trade.xyz stated that compensation for the July 27 Hynix contract pricing anomaly incident has been partially distributed, and users can receive USDC without additional action. Compensation exceeding 10,000 USDC will be distributed after due diligence is completed before August 15.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
According to Hyperinsight monitoring, Samsung Electronics has become the first company in the industry to ship HBM4E samples to major global customers. Boosted by this news, its stock price reversed several days of declines, rising 4% intraday. The SAMSUNG contract deployed on the Hyperliquid platform via trade.xyz is currently trading at $206.6, with its intraday high briefly surpassing $210—returning to levels near its previous peak.
According to Hyperinsight monitoring data, Hyperliquid’s cross-chain bridge has seen a significant increase in capital inflows. As of yesterday (approximately 10 hours ago) UTC time, USDC bridged into Hyperliquid over the past 24 hours exceeded $268 million—its highest level since February 7. Net inflows surpassed $173 million, reaching the highest level in nearly 10 months (since August 22 last year). On the same day, the total value locked (TVL) across Hyperliquid’s cross-chain bridges reached $4.02 billion. At press time, Hyperliquid’s trading volume over the past 24 hours stood at $7.84 billion, with open interest totaling $9.6 billion. Meanwhile, trade.xyz recorded a 24-hour trading volume of $2.59 billion and open interest of $2.49 billion during the same period.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
Odaily reports: trade.xyz posted on X platform, stating that ChangXin Memory Technologies has been converted to the standard XYZ perpetual contract, supporting 10x leverage and enabling 7×24 trading throughout the year.
Odaily, trade.xyz posted on X platform, stating that SKHY tracks the value of one SK Hynix American Depositary Share (ADS). This Nasdaq-listed security represents one-tenth of an SK Hynix common share held in custody by the depositary bank. SKHY will launch as a pre-IPO contract and convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing TradeXYZ SKHYNIX market, xyz:SKHX, remains unchanged, tracking one common share of SK Hynix Inc. (KRX: 000660) and will continue to operate normally based on the company's primary listing market in Seoul. The two markets are related but independent; 10 ADSs represent one common share, and the ADS may trade at a premium or discount relative to the Seoul market price.
trade.xyz has announced the launch of Zhipu perpetual contract trading, supporting up to 10x leverage and offering 7×24/365 non-stop trading services.
Odaily News: Ahead of the SpaceX IPO, the SPCX pre-market contract on several CEXs and on-chain Perp DEXs presented arbitrage opportunities due to differences in share count calculations and rebase mechanisms, which multiple KOLs capitalized on. Among them, crypto KOL Silicon Bird | Ray shared: “Last night, I went long on BN and short on HL, still capturing a 10-point arbitrage opportunity. BN issued a rebase announcement last night. Since the initially estimated share count (11.87B) differed from the actual share count (13.08B), SPCXUSDT positions will be converted at a ratio of 1.1. This means BN’s SPCX price will be divided by 1.1, while the position size will be multiplied by 1.1. This created a massive arbitrage opportunity because SPCX on Hyperliquid was also originally launched based on the 11.87B share count. However, the documentation clearly states that Hyperliquid’s SPCX will not rebase (as an HIP-3 DEX, trade.xyz doesn’t have this capability either). Hyperliquid’s current SPCX tracks the Class A common stock price. I submitted a ticket to trade.xyz and received a clear response confirming there will be no rebase.” Additionally, he analyzed the reasons behind "SPCX on trade.xyz will not rebase," stating: “There are several key reasons. Those familiar with Hyperliquid and trade.xyz understand their relationship: the former is a trading-specific L1 blockchain, while the latter is a DEX based on Hyperliquid’s HIP-3. trade.xyz is somewhat like an outsourced team, essentially just setting up a platform within Hyperliquid’s ecosystem.1. We need to understand that a rebase is an extremely complex operation, involving halting trading, forced liquidations, and reopening positions. This is a major engineering challenge even for large CEXs (such as OKX and BN, which are undergoing this rebase). Smaller exchanges like Bitget have simply given up and opted for a relist. For an on-chain team dependent on another blockchain, this is an even more daunting task.2. When trade.xyz first launched the contract, it mentioned an estimated share count of 11.87B. However, they later realized this could be controversial and promptly removed any mention of the estimated share count from their documentation. They clearly emphasized that the price tracked by SPCX on trade.xyz is the Class A common stock price of SPCX, and added extensive disclaimers stating there will be no rebase.”Crypto KOL KyleChen also posted last night: “The optimal hedging strategy should be on OKX’s pre-market perpetual. The IPO subscription cost is 142u, leaving around 14% profit margin. Comparison of three pre-market platforms:- OKX Pre SpacX: 162u, essentially confirmed as per-share price- Binance current price: 167u, with an announced rebase scheduled for 6/10 at a factor of 1.1, resulting in an adjusted price around 151.2u- Hyperliquid: 168u, its pre-market contract is provided via trade.xyz based on HIP-3. From a technical infrastructure standpoint, the contract does not directly supp
According to Hyperinsight monitoring, Samsung Electronics has become the first company in the industry to ship HBM4E samples to major global customers. Boosted by this news, its stock price reversed several days of declines, rising 4% intraday. The SAMSUNG contract deployed on the Hyperliquid platform via trade.xyz is currently trading at $206.6, with its intraday high briefly surpassing $210—returning to levels near its previous peak.
trade.xyz stated that compensation for the July 27 Hynix contract pricing anomaly incident has been partially distributed, and users can receive USDC without additional action. Compensation exceeding 10,000 USDC will be distributed after due diligence is completed before August 15.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
trade.xyz tweeted that its platform's cumulative trading volume has reached $408.4 billion, with cumulative weekend trading volume reaching $26.07 billion.Additionally, trade.xyz's 24-hour peak trading volume reached $5.6 billion, with open interest reaching $3.9 billion.
Odaily reports: trade.xyz posted on X platform, stating that ChangXin Memory Technologies has been converted to the standard XYZ perpetual contract, supporting 10x leverage and enabling 7×24 trading throughout the year.
Odaily, trade.xyz posted on X platform, stating that SKHY tracks the value of one SK Hynix American Depositary Share (ADS). This Nasdaq-listed security represents one-tenth of an SK Hynix common share held in custody by the depositary bank. SKHY will launch as a pre-IPO contract and convert to a standard XYZ perpetual contract after the ADS begins trading on Nasdaq. The existing TradeXYZ SKHYNIX market, xyz:SKHX, remains unchanged, tracking one common share of SK Hynix Inc. (KRX: 000660) and will continue to operate normally based on the company's primary listing market in Seoul. The two markets are related but independent; 10 ADSs represent one common share, and the ADS may trade at a premium or discount relative to the Seoul market price.
trade.xyz has announced the launch of Zhipu perpetual contract trading, supporting up to 10x leverage and offering 7×24/365 non-stop trading services.