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The daily trading volume of CME and Bakkt bitcoin futures dropped sharply in March

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CME daily volume fell by more than 50%, while Bakkt's daily volume fell by 38.7% in March

BlockBeats reported that the volume of bitcoin futures traded by CME Group and intercontinent-trading platform Bakkt fell sharply in March, with the CME average daily volume falling by more than 50%.

Average daily trading volume on The Chicago mercantile exchange fell more than 50% to $242 million in March from $493 million in February, according to The Block research data. Bakkt's march average, on the other hand, fell 38.7% to $16.51 million from $26.94 million. The number of open positions on both platforms also fell month-on-month in March.

Since hitting an all-time high of $338 million on Feb. 14, cme march open interest has fallen to $127 million. On the other hand, Bakkt's open interest has plunged to $4.6m since hitting an all-time high of $19m on February 14.