According to a study by The Block, in March the number of purchased bitcoin futures and their trading volumes on the regulated exchanges CME Group and Bakkt significantly decreased.
Cost data shows thatLast month, average daily derivatives trading volume on the CME platform fell 51% to $242 million, compared to February's $493 million. Over the same period, trading volumes on Bakkt fell 38.7% from $26.94 to $16.51 million. .
In parallel with trading volumes, the open interest of investors in this instrument also decreased by the end of March. On CME dailythe cost of open bitcoin futures fell from $ 338 to $ 127 million, while at Bakkt it fell from $ 19 to $ 4.6 million.
Earlier, we also reported that against the backdrop of the cryptocurrency market downturn in 2020, the stablecoin transaction volume grew by almost 280% to $ 90.4 billion.
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