How Do Cash-Settled Futures Simplify the Closing Process for Traders?

Cash-settled futures simplify closing because there is no need to arrange for the physical delivery or receipt of the underlying asset. At expiration, the trader's account is simply credited or debited the cash difference.

This eliminates logistical complexities, such as transportation, storage, and transfer of the physical commodity or cryptocurrency. It makes the market more accessible to financial speculators who have no interest in the physical asset.