Bitcoin futures volume on CME and Bakkt fell sharply in March

Ecosystems•April 11, 2020, 10:42AM EDT
UPDATED: May 27, 2021, 11:59AM EDT
Make us preferred on Google
Bitcoin futures volume on CME and Bakkt fell sharply in March
Partner offers

We'd love your feedback.

Advertisement

Bitcoin futures volume on two regulated platforms - CME Group and Bakkt - fell sharply last month.

According to research conducted 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.

Bakkt’s daily average volume, on the other hand, fell by 38.7% in March from $26.94 million to $16.51 million in February.

Both the exchanges’ open interest, or the number of open futures contracts, also dropped month-on-month in March.

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.

To read the full analysis and more such data-driven stories, subscribe to The Block Research.


© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.