NEAR Adds 24/7 NIFTY 50 Perpetual With Cross-Chain Funding
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NEAR has listed a 24/7 perpetual contract tracking India’s NIFTY 50 index on Hyperliquid, offering up to 20x leverage and settling gains and losses in USDC without delivering the underlying Indian shares. The product lets traders gain index exposure outside Indian market hours, when the cash equities market is closed. Cross-chain funding is intended to let users post collateral from other networks rather than being confined to a single chain. It matters because demand for round-the-clock exposure to Indian equities has been hard to meet through traditional venues and offshore derivatives. Watch for open interest and trading volume in the new contract, plus whether cross-chain deposits flow in from other ecosystems and whether NEAR adds further index products.
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Named in this story
NIFTY 50, NEAR (NEAR), Hyperliquid (HYPE), USDC
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