NEAR’s private perps now share margin. Who can see the risk?

The new cross-margin option lets positions draw on one balance. NEAR describes a confidential route into a dedicated Hyperliquid account, while the exchange still has to price and liquidate the trades. NEAR announced cross margin for its Hyperliquid-powered perpetuals on October 22, allowing eligible positions to use a shared perps balance. The trading page advertises more than 50 markets and leverage up to 40 times, but excludes U.S. persons and other restricted users.