Bakkt Launching Cash-Settled Bitcoin Futures Contracts in Singapore

“Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract, the first fully regulated futures market for digital assets,” reads a press release from the company. They will list on ICE Futures Singapore and be cleared by ICE Clear Singapore, which is regulated by the Monetary Authority of Singapore.

Interestingly, this news comes to us shortly after learning that the platform has nearly doubled its all-time-high volume, as BeInCrypto has previously reported. That, and Bakkt is also looking into testing a consumer application for retail Bitcoin traders.

At press time, many cryptocurrency enthusiasts on Twitter were a little less than thrilled about this scenario, with one user remarking on the fact that Bitcoin was their entire settlement. Read More...

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