<h2 id="span-style-font-size-16px-color-inherit-font-weight-bolder-near-protocol-news-nifty-50-perp-goes-24-7-for-global-traders-span">Near Protocol News: NIFTY 50 Perp Goes 24/7 for Global Traders</h2>
India’s <a href="https://www.coingabbar.com/en/carf-crypto-india-how-exchanges-report-trades" rel="noopener noreferrer nofollow">main stock exchange</a> closes at 3:30 pm IST, but a new contract tracking its benchmark index does not.&nbsp;
In today’s <a href="https://www.coingabbar.com/en/near-protocol-news-house-of-stake-vote-passes-issuance-cut" rel="noopener noreferrer nofollow">Near Protocol News</a>, the network announced that a NIFTY perpetual is live on perps.near.com, powered by Hyperliquid and trade.xyz, in its official post of November 4.&nbsp;
<img alt="Near Protocol Post" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/lFlJu53Byq3qcBDwgKl2MmHG8EwNHiG5YWbq3z3Y.png" width="300" style="margin-bottom: 10px; margin-left: auto; margin-right: auto; margin-top: 10px" height="588">
Source: <a href="https://x.com/NEARProtocol/status/2117987991125688793" rel="noopener noreferrer nofollow">Near Protocol</a>
The post also invites users to fund positions confidentially. At the time of writing, the native token trades around $4.02.&nbsp;
<h3 id="span-span-style-font-size-16px-what-the-network-announced-span-span">What the Network Announced</h3>
The announcement says traders can access India’s top 50 companies round the clock, even after the exchange shuts.&nbsp;
It names two infrastructure partners, and the<a href="https://perps.near.com/" rel="noopener noreferrer nofollow">perps website</a> lets users fund from any chain or asset they already hold.&nbsp;
The post also sets up a simple contrast: the <a href="https://www.coingabbar.com/en/analyst-downgrades-crypto-exchange-stocks-not-tokens" rel="noopener noreferrer nofollow">stock exchange</a> runs on fixed hours, while this contract keeps running through evenings, weekends, and holidays.&nbsp;
Here is the launch at a glance:
<div>
 <table>
 <colgroup>
 <col width="176">
 <col width="423">
 </colgroup>
 <tbody>
 <tr>
 <td>Detail</td>
 <td>What official sources say</td>
 </tr>
 <tr>
 <td>Product</td>
 <td>NIFTY perpetual contract on perps.near.com</td>
 </tr>
 <tr>
 <td>Reference</td>
 <td>NIFTY 50 level in rupees, no currency conversion</td>
 </tr>
 <tr>
 <td>Trading hours</td>
 <td>24/7</td>
 </tr>
 <tr>
 <td>Maximum leverage</td>
 <td>20x, isolated margin</td>
 </tr>
 <tr>
 <td>Settlement</td>
 <td>Index-point gains and losses paid in USDC</td>
 </tr>
 <tr>
 <td>Funding</td>
 <td>Any chain or asset, via <a href="https://www.coingabbar.com/en/crypto-blogs-details/what-is-near-protocol" rel="noopener noreferrer nofollow">NEAR Intents</a></td>
 </tr>
 <tr>
 <td>Infrastructure</td>
 <td>Hyperliquid and trade.xyz</td>
 </tr>
 </tbody>
 </table>
</div>
The leverage, reference, and settlement rows come from the<a href="https://docs.trade.xyz/perpetuals/specifications-and-schedules/specification-index" rel="noopener noreferrer nofollow">official contract specification</a>.&nbsp;
Note that the perps website advertises up to 40x across its 50+ markets, but this contract is capped at 20x.
<h3 id="span-span-style-font-size-16px-the-nifty-perp-explained-simply-span-span">The NIFTY Perp Explained Simply</h3>
The specification describes the index as a free-float capitalization-weighted benchmark of 50 leading Indian equities.&nbsp;
A perpetual is a contract with no expiry date that lets you take a leveraged long or short position on a price, as the<a href="https://perps.near.com/" rel="noopener noreferrer nofollow">perps website FAQ</a> explains.
For global users, the appeal is obvious. A news event that lands after the Indian market closes would normally leave traders waiting until the next session, while a perpetual lets them react immediately.&nbsp;
In simple words:
<ul>
 <li style="margin-left: 0px; list-style-type: disc">Long: you gain if the index rises and lose if it falls</li>
 <li style="margin-left: 0px; list-style-type: disc">Short: you gain if the index falls and lose if it rises</li>
 <li style="margin-left: 0px; list-style-type: disc">No shares: you never receive Indian stocks, because profit and loss are <a href="https://www.coingabbar.com/en/usdc-treasury-burn-solana-supply-and-liquidity-guide" rel="noopener noreferrer nofollow">cash-settled in USDC</a></li>
 <li style="margin-left: 0px; list-style-type: disc">Leverage: it multiplies gains and losses alike, so small moves can hurt</li>
</ul>
<h3 id="span-span-style-font-size-16px-how-funding-trading-and-privacy-work-span-span">How Funding, Trading, and Privacy Work</h3>
Three layers share the work. The<a href="https://docs.trade.xyz/llms-full.txt" rel="noopener noreferrer nofollow">trade.xyz architecture </a>documentation says its protocol defines market listings, oracle sources, and leverage limits, while Hyperliquid validators process trades, execution, and settlement.
<div>
 <table>
 <colgroup>
 <col width="192">
 <col width="418">
 </colgroup>
 <tbody>
 <tr>
 <td>Layer</td>
 <td>Role</td>
 </tr>
 <tr>
 <td>Front-end interface</td>
 <td>Account, funding route, and trading screen</td>
 </tr>
 <tr>
 <td>trade.xyz</td>
 <td>Defines the market, price sources, and limits</td>
 </tr>
 <tr>
 <td>Hyperliquid</td>
 <td>Matches orders, holds margin, settles trades</td>
 </tr>
 </tbody>
 </table>
</div>
On funding, the<a href="https://perps.near.com/" rel="noopener noreferrer nofollow">perps site</a> says NEAR Intents automatically swaps your assets into the margin currency, so you do not bridge funds to another venue first.&nbsp;
Transactions are signed on your device, and a passkey can replace a seed phrase.
On privacy, readers following Near Protocol News should read the wording carefully.&nbsp;
The FAQ says users get a dedicated <a href="https://www.coingabbar.com/en/hip-3-hyperliquid-explained-builder-markets-guide" rel="noopener noreferrer nofollow">Hyperliquid trading</a> account, and that deposits and withdrawals to and from it are confidential.&nbsp;
That is narrower than a promise that every trade is hidden.
<h3 id="span-span-style-font-size-16px-off-hours-pricing-and-key-risks-span-span">Off-Hours Pricing and Key Risks</h3>
The index cannot publish fresh prices once the NSE closes. According to thetrade.xyz FAQ, markets use external pricing while the underlying market is live and an internal pricing mechanism on weekends and off hours.&nbsp;
The same FAQ warns that you can still trade and can still be liquidated during those periods.
Liquidation simply means the venue closes a leveraged position when losses eat too much of the margin.&nbsp;
Higher leverage leaves less room for error, so a small move against you can wipe out the deposit.&nbsp;
Key points to remember:
<ul>
 <li style="margin-left: 0px; list-style-type: disc">Leveraged trading carries a substantial risk of loss, as the perps site states</li>
 <li style="margin-left: 0px; list-style-type: disc">Perps are not available to US persons or other restricted jurisdictions</li>
 <li style="margin-left: 0px; list-style-type: disc">Each market has an open interest cap, and once it is reached, new positions cannot be opened until open interest falls</li>
 <li style="margin-left: 0px; list-style-type: disc">Check the interface for any fees before you confirm a trade</li>
 <li style="margin-left: 0px; list-style-type: disc">Always confirm local rules before trading</li>
</ul>
<h3 id="span-span-style-font-size-16px-token-price-snapshot-span-span">Token Price Snapshot</h3>
The token itself is not the product being launched, but readers often check it. Market data on November 5, 2026 showed the following:
<div>
 <table>
 <colgroup>
 <col width="248">
 <col width="355">
 </colgroup>
 <tbody>
 <tr>
 <td>Metric</td>
 <td>Value</td>
 </tr>
 <tr>
 <td>Price</td>
 <td>$4.02</td>
 </tr>
 <tr>
 <td>24-hour change</td>
 <td>+3.85%</td>
 </tr>
 <tr>
 <td>Market cap</td>
 <td>$5.27B</td>
 </tr>
 <tr>
 <td>24-hour volume</td>
 <td>About $880M (+34.03%)</td>
 </tr>
 </tbody>
 </table>
</div>
<img alt="CoinMarketCap Data" src="https://d3iuzwoiyg9qa8.cloudfront.net/webadmin/storage/public/commonEditerImage/pw66CJ1JQhzo3NZXmPc8GZ5n3W9vvkfjSMPh6XnH.png" width="300" style="margin-bottom: 10px; margin-left: auto; margin-right: auto; margin-top: 10px" height="777">
Source: <a href="https://coinmarketcap.com/currencies/near-protocol/" rel="noopener noreferrer">CoinMarketCap Data</a>
These figures are a snapshot and will change. Over the 24-hour chart, <a href="https://www.coingabbar.com/en/near-protocol-price-prediction-today-technical-analysis-forecast" rel="noopener noreferrer nofollow">the price ranged</a> from roughly $3.84 to just above $4.20.&nbsp;
This Near Protocol News report does not claim the launch caused that move, and prices can change quickly.
<h3 id="span-span-style-font-size-16px-conclusion-span-span">Conclusion</h3>
The NIFTY launch gives global traders a way to follow India’s benchmark when the exchange is closed, with funding, settlement, and risk controls spread across three layers.&nbsp;
It is a derivative, not stock ownership, and leverage cuts both ways.&nbsp;
For readers tracking Near Protocol News, the practical steps are simple: read the specification, understand off-hours pricing, and never risk more than you can lose. This article is not investment advice.
<h3 id="span-span-style-font-size-16px-disclaimer-span-span">Disclaimer</h3>
This article is for educational and informational purposes only and is not financial or investment advice. Crypto assets are high risk, their prices can be very volatile, and you can lose some or all of your money. Always do your own research and consider speaking with a licensed financial advisor before making investment decisions.

Near Protocol News: NIFTY 50 Goes 24/7 What Indian Traders Should Know

Table of Contents

Coingabbar

Other articles published on Nov 5, 2026

Join our free newsletter for daily crypto updates!