SK Hynix $26.5B IPO: What It Means for Crypto Traders on Backpack
Trading Journey: SK Hynix — July 9 - July 15, 2026 (UTC)
Overview of Trading Journey: SK Hynix
Backpack Exchange is running an unprecedented trading rewards campaign — the Trading Journey: SK Hynix. Running from July 9 - July 15, 2026 (UTC), participants can trade cryptocurrency and perpetual contracts to win up to $960 worth of SK Hynix stock, plus a 20% stock holding bonus.
This event coincides with SK Hynix's record-breaking $26.5 billion US IPO on NASDAQ (ticker: SKHY), with the stock surging 17% on its debut. Backpack, as a leading tokenized stock platform, lets users earn real SK Hynix stock rewards through crypto trading.
Deep Dive: SK Hynix $26.5B IPO
On July 10, 2026, SK Hynix completed its $26.5 billion IPO on NASDAQ, setting the record for the largest foreign company IPO in US history. The stock traded on a "when-issued" basis under temporary ticker SKHYV, with permanent ticker SKHY.
On debut, SK Hynix shares surged 17%, reflecting intense market enthusiasm for the AI memory chip leader. On the same day, Bitcoin rose to approximately $64,000, showing correlation between traditional and crypto markets.
For crypto traders, Backpack's Trading Journey: SK Hynix event offers a unique opportunity — earn real SK Hynix stock rewards by trading cryptocurrency, without needing to purchase shares directly.
How to Participate in Trading Journey: SK Hynix
- Register a Backpack account: Click the CTA link above and use referral code "luckybitcoin" for exclusive benefits
- Click the registration button: Find the Trading Journey: SK Hynix event in Backpack App's Rewards page and click "Register" to participate
- Start trading: Trade in spot and perpetual contract markets to accumulate volume and unlock reward tiers
- Hold stocks/ETFs: Maintain at least $1,000 in stocks or ETFs at event end to receive the additional 20% SK Hynix stock bonus
- Claim rewards: Rewards will be distributed within 7 days after event ends
Note: USDT/USD trading volume does NOT count toward this event. Data updates every 10 minutes.
Why Trade SK Hynix on Backpack?
- 24/7 trading — no market hour restrictions
- Real stock ownership — not synthetic or derivative
- Solana blockchain tokenization
- Instant settlement with crypto or fiat
- Cross-collateral — use BTC/SOL/USDC as margin
- Available in 150+ countries
- Daily Proof of Reserves verified by OtterSec
- USD yield up to 3.95% APY (VIP up to 6.95%)
Backpack holds regulatory licenses from Dubai VARA, European MiFID II, and US FinCEN MSB. Former CFTC Acting Chairman Mark Wetjen serves as President of Backpack US, ensuring compliant operations.
About SK Hynix
- World's leading HBM (High Bandwidth Memory) supplier
- Key beneficiary of the AI infrastructure boom
- $26.5B US IPO — largest foreign company IPO in US history
- NASDAQ ticker: SKHY (temp: SKHYV)
- Stock surged 17% on debut day
- Headquartered in South Korea
- Major supplier to NVIDIA, AMD, and other AI chipmakers
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Trading cryptocurrencies involves significant risk. This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing.