Report: The trading volume of crypto derivatives in March reached 600 billion US dollars, a record high

According to CryptoGlobe, according to the latest monthly exchange report released by CryptoCompare, in the global market experiencing great turmoil, the trading volume of crypto derivatives in March hit a record high. The total amount of crypto derivatives transactions including futures and permanent swap contracts is US $ 600 billion, of which US $ 53 billion was completed on the same day (March 12). In comparison, the total spot transactions in February and March were approximately US $ 2 trillion. In the past two years, the trading volume of these (crypto) financial products has been increasing, and the previous peak occurred in July 2019. The vast majority of these transactions are still carried out on crypto exchanges, and only a small portion of these transactions occur on "traditional" exchanges such as CME.