Tag: trading volumes

    Bitcoin futures volumes on CME and Bakkt plummet in March

    According to a study by The Block, the number of purchased bitcoin futures and their trading volumes on the regulated exchanges CME Group and Bakkt decreased significantly in March..

    Cost data show that last month's average daily trading  the volume of derivatives on the CME platform fell 51% to $ 242 million from $ 493 million in February. During the same period, sales at Bakkt decreased by 38.7% from $ 26.94 to $ 16.51 million.

    Along with the trading volumes by the end of March, the open interest of investors in this instrument also decreased. On CME, the daily value of open bitcoin futures fell from $ 338 to $ 127 million, and on Bakkt it fell from $ 19 to $ 4.6 million.

    Bitcoin futures volumes on CME and Bakkt plummet in March

     

    Earlier, we also reported that against the background of the downturn in the crypto market in 2020, the volume of stablecoins transactions increased by almost 280% to $ 90.4 billion..

    text: Ivan Malichenko, photo: Shutterstock

    Bitcoin futures volumes on CME and Bakkt plummet in March

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