ICE official announced a cash-settled bitcoin futures contract, scheduled to go on sale on December 9.

The Intercontinental Exchange (ICE) today announced that it will launch a cash-settled bitcoin futures contract, BakktTM Bitcoin (USD) Cash Settled Monthly Futures contract. The new contract will be listed on ICE Futures Singapore and will be liquidated by the new ICE Clear Singapore, which is regulated by the Monetary Authority of Singapore. ICE official said that ICE Futures Singapore plans to list the contract on December 9, 2019, after the end of the consultation and approval of the change in rules.