Bakkt seeks approval to provide cash-settled bitcoin futures in Singapore

Bakkt is working hard to launch a cash-settled bitcoin futures by 2020. According to sources familiar with the plan, the new cash-settled monthly futures will be offered through the company's Singapore-based clearing house, ICE Clear Singapore, and traded on ICE Futures Singapore. Futures traders who sign up with the company worldwide will be able to access the product. Although Bakkt's goal is to be released before the end of this year, sources said the company is still in discussions with the Singapore Monetary Authority (MAS).