<p>Bakkt, a provider of physically-settled bitcoin futures contracts, is now planning to offer a cash-settled version of the product due to customer demand.<br /> <br /> “We have the intention of offering a cash-settled contract as well,” Bakkt chief operating officer Adam White <a href="https://www.coindesk.com/bakkt-in-discussions-to-offer-cash-settled-bitcoin-futures-in-singapore">told</a> at the Invest: NYC conference on Tuesday.</p> <p>Bakkt, a subsidiary of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, could offer cash-settled bitcoin futures via ICE’s Singapore unit, ICE Clear Singapore. But the product will be accessible worldwide.</p> <p>Bakkt is reportedly in discussions with the Monetary Authority of Singapore, the country’s central bank and financial regulatory authority, to offer the planned product.</p> <p>Currently, derivatives exchange giant CME Group is the only provider of cash-settled bitcoin futures contracts. Bakkt is not only looking to beat rival CME on the cash-settled product, but also bitcoin options contracts. CME <a href="https://www.theblockcrypto.com/linked/46790/cme-sets-date-for-options-product-tied-to-its-bitcoin-futures">has been preparing</a> to launch an options product tied to its bitcoin futures on Jan. 13, while Bakkt is <a href="https://medium.com/bakkt-blog/bakkt-bitcoin-options-on-futures-to-launch-december-9-an-industry-first-8fb2bd686abb">planning to launch</a> its options contracts on Dec. 9.</p>