CoinMeta Data: trade.xyz announces the launch of perpetual contracts linked to India’s Nifty 50 Stock Index, allowing traders to trade with up to 20x leverage. The contract will be listed on October 27th, and traders will be able to trade 24/7, 7 days a week. The Nifty 50 is a benchmark stock index of the National Stock Exchange of India, comprising 50 leading companies. Unlike traditional index futures, perpetual contracts do not have a fixed expiration date, and traders can maintain their positions as long as they meet the required margin requirements. The pricing of this contract is based on the level of the Nifty 50 Indian Rupee Index, and profits and losses will be settled in USDC. This move enables traders to speculate on the movements of India’s benchmark stock index without having to hold Indian rupees or purchase the underlying stocks.