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.
text: Ivan Malichenko, photo: Shutterstock