Add as a preferred source on GoogleNEAR Adds 24/7 NIFTY 50 Perpetual With Leverage Up to 20x
The Hyperliquid-based contract settles index-point gains and losses in USDC and does not deliver Indian shares.
NEAR has added a 24/7 perpetual contract tied to India's NIFTY 50 index on Hyperliquid, giving crypto market users leveraged exposure settled in USD Coin (USDC).
The contract offers leverage up to 20x. Gains and losses are measured by changes in index points and settled in USDC, with no delivery of Indian shares. Cross-chain funding is also part of the product.
The setup gives traders exposure to benchmark movements through a derivative, rather than ownership of Indian equities. The 24/7 availability applies to the contract; the NIFTY 50 remains the reference for calculating gains and losses.
A 20x ceiling means index-point moves can have a larger effect on a position's gains and losses than they would without leverage. The contract's outcome remains tied to the index, while settlement is made in USDC.
The offering puts an Indian equity benchmark into a crypto market format. Traders can access the contract around the clock, with cross-chain funding and USDC settlement as its stated features.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.