Near Protocol connects Nifty 50 futures… up to 20x leverage
Original headline니어프로토콜, 니프티50 선물 연결…최대 20배 레버리지
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NEAR Protocol has integrated Nifty50 index-linked perpetual futures into its trading interface, offering 24-hour trading with up to 20x leverage. The contracts, originally listed by Trade.xyz on Hyperliquid on October 27, are matched and managed on Hyperliquid while NEAR provides the front-end access and funding rails. The move expands NEAR's perpetuals lineup beyond crypto pairs and lets users trade the Indian equity index with cross-chain assets. It matters as a step toward bridging on-chain derivatives with traditional equity benchmarks, and the next thing to watch is whether trading volume and open interest on the Nifty50 contract grow through NEAR's interface versus direct Hyperliquid access.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
NEAR Protocol (NEAR), Nifty50, Hyperliquid (HYPE), Trade.xyz, The Defiant
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