Recently, data from the derivatives market shows that cryptocurrency contract trading volume in March indeed increased. Data released by a major derivatives exchange indicates that the average daily trading of cryptocurrency contracts reached 210k contracts, with a notional value close to $8 billion, a 19% month-over-month increase.

Bitcoin futures remain relatively stable, with the average daily trading volume of micro Bitcoin futures rising 6% to 210k contracts. But the real highlight is Ethereum, with futures trading volume surging 53%, averaging 19,000 contracts per day. This growth rate clearly surpasses that of Bitcoin. It appears that traders' interest in Ethereum derivatives trading is significantly rising.

The entire platform's average daily trading volume in March hit a new monthly high of 41.1 million contracts, a 33% year-over-year increase. The quarterly average also reached 36.2 million contracts per day, setting a quarterly record, up 22% year-over-year. This momentum suggests that activity in cryptocurrency derivatives trading is indeed continuing to strengthen.