Intercontinental Exchange revealed that the launch of its Bakkt's cash-settled Bitcoin futures will be taking place in December. The cash-settled futures contracts of the recently launched trading platform are set to see a listing on the ICE Futures Singapore. Intercontinental Exchange (ICE) revealed in a new press release published yesterday that the launch of its Bakkt's cash-settled Bitcoin futures will be taking place on December 6th. This confirms the statement that was made by the COO of Bakkt, Adam White who recently claimed that Bitcoin-to-USD futures would be going live before the turn of the year. Lucas Schmeddes, President & COO of ICE Futures and Clear Singapore said: “Our new cash settled futures contract will offer investors in Asia and around the world a convenient, capital efficient way to gain or hedge exposure in bitcoin markets. Building off the success of our deliverable futures contract, the cash settled futures will leverage ICE’s regulated, globally-accessible market to offer a safe, secure and compliant environment for the trading of bitcoin.” So the cash-settled futures contracts of the recently launched trading platform are set to see a listing on the ICE Futures Singapore exchange and therefore becoming the first crypto product provided by the pan-Asian trading venue.  The news of this came straight after the Monetary Authority of Singapore (MAS) proposed regulation on crypto futures earlier this week on November 20th.  In addressing an increase in the interest of such products from institutional investors, the MAS also woke up retail investors by cautioning them in regards to the risks associated with such a highly volatile asset class like futures. "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."  It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!