The CXMT contract on trade.xyz is currently priced at $8.48, with a corresponding over-the-counter market capitalization of approximately 3.8 trillion RMB.

BlockBeats News, July 15th, according to trade.xyz market data, the price of Changxin Memory Technologies (CXMT) contract on the platform surged rapidly after the price protection mechanism was lifted, now trading at $8.48. Calculated based on the announcement in the prospectus, the total post-IPO shares outstanding is approximately 6.688 billion shares, corresponding to a market value of ¥3.8 trillion.

It is worth noting that due to the existence of a price protection mechanism, the current open interest of this contract is $6.01 million, with a trading volume of $5.13 million.

Source: BlockBeats

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