According to FT, crypto platforms like tradeXYZ and Gate have launched perpetual contracts tracking the stock price of Chinese storage chip manufacturer ChangXin Memory Technologies (CXMT), providing overseas investors with pre-IPO price exposure. Data shows that related contracts saw a trading volume of approximately $19 million in the past 24 hours. CXMT is set to go public on the Shanghai STAR Market this Monday, aiming to raise nearly $10 billion. These contracts are traded using stablecoins, allowing overseas investors to bypass certain channels and barriers to access China's stock market. https://(wublock123.com)/news/investors-use-crypto-perpetuals-for-china-ai-chip-stock-exposure-65336