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Phemex launches SKHYNIXUSDT USDT-margined futures contract
Phemex has announced the listing of a new USDT-margined perpetual futures contract for SK Hynix (SKHYNIXUSDT), available with up to 10x leverage starting June 2, 2026 at 10:00 UTC. The contract tracks the spot price of SK Hynix Inc ADR and allows traders to take both long and short positions.
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Phemex has introduced trading for a new USDT-margined perpetual futures contract, SKHYNIXUSDT, which tracks the spot price of SK Hynix Inc ADR. Trading began at 10:00 UTC on June 2, 2026, with support for 1x to 10x leverage and a tick size of 0.01.
The exchange states that hedge mode is available, allowing traders to simultaneously hold long and short positions on the contract. Users are directed to CoinMarketCap for additional details on the underlying asset.
Phemex is a cryptocurrency exchange that offers spot and contract trading for a wide range of digital assets, including Bitcoin, Ethereum, and several altcoins, with trading fees starting at 0.1% for spot and 0.075/-0.025% for contracts. The platform provides features such as demo accounts, educational materials with crypto earning opportunities, a referral program, leverage up to x100 on contracts, and investment options with various deposit types. Learn more about the broker’s features and conditions in the broker profile on Traders Union.
For more context, the previous Phemex update on Traders Union detailed the launch of their 2026 Ultimate Championship football-themed prediction event, where users could earn and spend event currency by forecasting match outcomes. To learn more about the event's earlier stages and participation details, see the previous Phemex update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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