Bakkt now plans to offer cash-settled bitcoin futures; looking to beat rival CME Group

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.

“We have the intention of offering a cash-settled contract as well,” Bakkt chief operating officer Adam White told at the Invest: NYC conference on Tuesday.

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.

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