NEAR Surges on Jio Perpetuals Launch and U.S. Derivatives Expansion
NEAR Protocol gains momentum after launching Jio perpetuals and expanding U.S. derivatives access.
NEAR Protocol gains momentum after launching Jio perpetuals and expanding U.S. derivatives access. NEAR Protocol (NEAR) is trading at ₹444 ($4.66), down 0.6% since this brief published. This is an original Token Times brief based on reporting by CoinJournal, with live market data added, as of Wed, 28 Oct 2026 12:00:01 UTC.
The introduction of Jio perpetuals and expanded U.S. access to crypto derivatives through regulated platforms like Crypto.com and OG.com could drive increased institutional and retail participation, impacting NEAR's market dynamics.
- NEAR Protocol gains 4% in 24 hours after Jio perpetuals launch.
- Crypto.com and OG.com enable perpetual crypto derivatives for U.S. traders.
- Bitwise NEAR ETF records $4.84M outflows after $1.40M inflows.
- NEAR TVL drops 11% to $132.4M over the past week.
NEAR Protocol has seen a price increase, moving up 4.02% in the past 24 hours to $4.69, despite a 9.67% drop over the last seven days. This uptick follows the launch of confidential perpetual contracts linked to Jio Platforms, as reported by CoinJournal.
The introduction of these perpetuals comes as Crypto.com and OG.com have expanded access to U.S. traders, offering 24/7 trading with up to five times leverage through a federally regulated structure, as detailed by 
Bitcoin.com. This expansion aims to attract both retail and institutional investors.
Market data shows a mixed picture for NEAR, with a 24-hour gain but a significant 7-day decline. The total value locked (TVL) in NEAR has also decreased by 11% over the past week, currently standing at $132.4 million, according to DeFiLlama.
Bitwise's NEAR-focused ETF experienced a notable outflow of $4.84 million on Tuesday, following an inflow of $1.40 million on Monday, as reported by CoinJournal. This suggests potential volatility in investor sentiment towards NEAR.
The broader crypto market is showing signs of recovery, with the total market cap at $2.79 trillion and Bitcoin up 1.73% in the last 24 hours. The Fear & Greed Index stands at 51, indicating a neutral market sentiment.
Since this brief published about 3 hours ago, NEAR Protocol (NEAR) has moved from ₹446.48$4.69 to ₹443.63$4.66 — -0.64%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₹467.98 (about $4.66), up 4.1% over 24 hours. The rupee itself trades about 5.5% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Surges on Jio Perpetuals Launch and U.S. Derivatives Ex — questions & answers
What are Jio perpetuals?
Jio perpetuals are confidential perpetual contracts linked to Jio Platforms, introduced by NEAR Intents.
How does the U.S. derivatives expansion affect NEAR?
The expansion of U.S. access to crypto derivatives through platforms like Crypto.com and OG.com could increase liquidity and demand for NEAR.
Why did Bitwise's NEAR ETF see outflows?
The outflows from Bitwise's NEAR ETF may reflect shifting investor sentiment or profit-taking after recent price movements.
How much is 1 NEAR Protocol worth in rupee today?
About ₹467.98 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $4.66. The rupee price moves with both NEAR's US-dollar price and the USDT/INR rate; use our NEAR Protocol in rupee page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is down 0.64% since this brief first published — trading at ₹444 ($4.66) now versus ₹446 ($4.69) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinJournal. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.