The Longxing Tech contract on trade.xyz is currently trading at $8.48, corresponding to an off-exchange market capitalization of approximately 3.8 quadrillion RMB.
BlockBeats News, July 15th, according to trade.xyz market data, the price of Changxin Memory Technologies (CXMT) contract on the platform experienced a rapid surge after the price protection mechanism was lifted, currently trading at $8.48. Calculated based on the announcement in the prospectus, the post-IPO total share capital is about 6.688 billion shares, corresponding to a market value of 3.8 trillion yuan.
It is worth noting that due to the presence of a price protection mechanism, the current open interest of this contract is $6.01 million, with a trading volume of $5.13 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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