One company. Three Binance tickers. Three completely different positions.
Search for SK Hynix on Binance and you may encounter:
$SKHYB
SKHYUSDT
SKHYNIXUSDT
They refer to the same company, but treating them as interchangeable would be a mistake.
$SKHYB is a bStock traded on Spot. It is a tokenized certificate backed 1:1 by the corresponding US-listed SK Hynix ADR shares held in regulated custody. It can also be withdrawn through BNB Smart Chain.
SKHYUSDT is different. It is a USDT-settled perpetual futures contract tracking the US ADR. It introduces leverage, funding payments and liquidation risk.
SKHYNIXUSDT is another perpetual contract, but it tracks the Korean-listed SK Hynix stock on the KRX KOSPI market rather than the US ADR.
That distinction matters because the Korean share and US ADR trade on different exchanges, in different currencies and during different underlying market sessions. Their prices can diverge even though both relate to the same company.
The practical rule is simple:
A similar company name does not mean the same instrument.
Before placing an order, check:
Spot or Futures
US ADR or Korean listing
Tokenized certificate or derivative
Leverage and liquidation risk
Source: Binance Academy, How to Trade SK Hynix on Binance.
@BinanceCIS Which mistake is more dangerous here: confusing Spot with Futures, or confusing the US ADR with the Korean listing?
#bStocksCIS $SKHYB
Search for SK Hynix on Binance and you may encounter:
$SKHYB
SKHYUSDT
SKHYNIXUSDT
They refer to the same company, but treating them as interchangeable would be a mistake.
$SKHYB is a bStock traded on Spot. It is a tokenized certificate backed 1:1 by the corresponding US-listed SK Hynix ADR shares held in regulated custody. It can also be withdrawn through BNB Smart Chain.
SKHYUSDT is different. It is a USDT-settled perpetual futures contract tracking the US ADR. It introduces leverage, funding payments and liquidation risk.
SKHYNIXUSDT is another perpetual contract, but it tracks the Korean-listed SK Hynix stock on the KRX KOSPI market rather than the US ADR.
That distinction matters because the Korean share and US ADR trade on different exchanges, in different currencies and during different underlying market sessions. Their prices can diverge even though both relate to the same company.
The practical rule is simple:
A similar company name does not mean the same instrument.
Before placing an order, check:
Spot or Futures
US ADR or Korean listing
Tokenized certificate or derivative
Leverage and liquidation risk
Source: Binance Academy, How to Trade SK Hynix on Binance.
@BinanceCIS Which mistake is more dangerous here: confusing Spot with Futures, or confusing the US ADR with the Korean listing?
#bStocksCIS $SKHYB