Bitcoin Futures That Are Settled in Cash to Be Launched by Bakkt in December

The cash-settled futures contracts of the recently launched cryptocurrency trading platform will be listed ICE Futures Singapore, thus becoming the first crypto product offered by the pan-Asian trading venue.

The announcement comes right after the Monetary Authority of Singapore (MAS) proposed regulating cryptocurrency futures on Nov. 20 in its consultation paper to address an increasing interest towards such products from institutional investors. The MAS also rang alarm bells for retail investors, warning them about the risks that are associated with the highly volatile asset class.

"The underlying payment tokens tend to exhibit high volatility and are intrinsically difficult to value ... Losses also amplified due to the leveraged nature of derivatives, and investors may even lose more than the whole amount they had put in," MAS said. Read More...