RATE Group | ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures
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ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures

22 Nov ICE Officially Confirms Dec. 9 Launch of Cash-Settled Bitcoin Futures

Posted at 08:31h in Bitcoin News by

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The Intercontinental Exchange (ICE)’s Bakkt platform has officially confirmed its forthcoming launch of a cash-settled Bitcoin (BTC) futures contract.

In a news release published Nov. 22, ICE — the operator of 23 leading global exchanges, including the New York Stock Exchange — revealed that the contract will be listed on ICE Futures Singapore as of Dec. 9.

Rule changes open to review until Nov. 29

During the Invest: NYC conference earlier this month, Bakkt COO Adam White had been the first to publicly reveal Bakkt had its sights on a cash-settled option. 

Today’s announcement formally confirms the details leaked to the press by insider sources, specifically that the contract will be cleared by ICE Clear Singapore and has sealed approval from the city state’s de facto central bank and financial regulator, the Monetary Authority of Singapore.

As ICE outlines, the new Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from its existing physically delivered…

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