It was a positive month for the cryptocurrency markets in March as Bitcoin and Ethereum closed the month at $45,523 and $3,283 (up 5.40% and 12.4% since February), respectively.

March Highlights

• Derivative markets saw their volumes increase 4.58% to $2.74tn in March reversing a six-month downward trend in volumes
• Binance captured 30.2% of the total spot market volumes in March, marginally below their record market share of 33.7% reached in November 2021.
• CME’s monthly futures volumes across BTC and ETH contracts totalled $36.1bn in March, a 21.8% decline from the month prior.