NEAR adds cross margin to confidential perps powered by Hyperliquid

NEAR Protocol has rolled out cross-margin on its Hyperliquid-powered perpetuals platform, allowing trading positions to share a single perps balance while retaining what the project describes as confidential trading. Summary Positions can draw collateral from a shared perps balance instead of holding separate margin. NEAR’s privacy explanation describes dedicated Hyperliquid accounts with confidential deposits and withdrawals. Hyperliquid documents account-level liquidation rules for positions that use shared cross margin. The platform advertises more than 50 markets, with U.S. persons excluded from access. NEAR Protocol announced the feature on Oct. 22, saying positions now share the user’s perps balance as margin. Its accompanying image presents cross and isolated margin alongside the platform’s confidentiality claim. “Positions now share your perps balance as margin instead of each holding its own,” the project said. The announcement identifies perps.near.com as the trading interface and Hyperliquid as the underlying provider. NEAR’s message says the feature is live, although it does not provide trading volume, user counts, or figures showing how much collateral customers have c...