<p>Bitcoin futures volume on two regulated platforms - CME Group and <a href="https://www.theblockcrypto.com/post/8208/bakkt-is-looking-to-make-a-slew-of-hires-to-build-out-its-digital-asset-ecosystem-mobile-app">Bakkt</a> - fell sharply last month.</p> <p>According to research <a href="https://www.theblockresearch.com/march-by-the-numbers-a-look-at-crypto-exchange-volumes-open-interest-and-miner-revenue-61095">conducted</a> by The Block’s Larry Cermak, CME's daily average volume dropped by over 50% to $242 million in March, as compared to $493 million in February.</p> <p><a href="https://www.theblockresearch.com/mapping-out-bakkt-17019">Bakkt’s</a> daily average volume, on the other hand, fell by 38.7% in March from $26.94 million to $16.51 million in February.</p> <p><img class="aligncenter wp-image-61553 size-full" src="https://www.tbstat.com/wp/uploads/2020/04/1_rHLQv_2woIGKJUFQKCBGKw1.png" alt="" width="1600" height="889" /></p> <p>Both the exchanges’ open interest, or the number of open futures contracts, also dropped month-on-month in March.</p> <p>CME’s open interest fell to $127 million in March since reaching an all-time high of $338 million on February 14. Bakkt’s open interest, on the other hand, plunged to $4.6 million since reaching an all-time high of $19 million on February 14.<br /> <img class="aligncenter wp-image-61554 size-full" src="https://www.tbstat.com/wp/uploads/2020/04/1_1ZOz6mPxP5TUhzf32jk66Q1.png" alt="" width="1600" height="904" />To read the <a href="https://www.theblockresearch.com/march-by-the-numbers-a-look-at-crypto-exchange-volumes-open-interest-and-miner-revenue-61095">full analysis</a> and more such data-driven stories, subscribe to <a href="https://www.theblockcrypto.com/genesis">The Block Research</a>.</p>