Blockchain

NEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 14:57:25 UTC.

Briefings

The NEAR protocol launched a new 24/7 perpetual contract for the NIFTY 50 index, enabling up to 20x leverage with settlement in USDC rather than physical delivery of Indian shares. This innovation allows traders to speculate on the index value without holding assets, marking a significant shift in how derivatives are structured for Indian markets.

Key points

• The NEAR protocol launched a 24/7 perpetual contract for the NIFTY 50 index, enabling up to 20x leverage with settlement in USDC rather than physical delivery of Indian shares.
• Traders can now speculate on the index value without holding assets, marking a significant shift in how derivatives are structured for Indian markets.

Context

This development follows the Hyperliquid protocol's expansion into Indian markets, allowing users to trade derivatives on the NIFTY 50 index. The new contract structure represents a major evolution in financial instruments available to Indian investors.

Limitations

The evidence is limited to the contract's launch details and does not include performance data, trading volume statistics, or historical price movements. The specific settlement mechanism details are not fully elaborated in the provided source.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 05/11/2026, 07:54:22 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

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