#Deribit trading volume breaks $1 trillion#
Hot Topic Overview
Overview
Cryptocurrency derivatives exchange Deribit saw record trading volumes in 2024, exceeding $1.1 trillion, a year-on-year increase of over 95%. The surge was mainly fueled by institutional investors' optimism regarding the US elections and a potential bull run for Bitcoin surpassing $100,000. Deribit's trading volumes were particularly strong in the fourth quarter, reaching a record high of $14.8 billion on November 12. Additionally, Deribit's options notional volume surged 99% year-on-year to $743 billion, while spot trading volumes jumped from $837 million in 2023 to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Deribit exchange surpassed $1.1 trillion in trading volume in 2024, marking a record high and an over 95% year-on-year increase. This growth was primarily driven by institutional investors' bullish sentiment towards the US elections and Bitcoin's surge past $100,000. Deribit's trading volume was particularly strong in the fourth quarter, with options notional volume reaching $743 billion, a 99% year-on-year increase, and total volume hitting a record $243 billion. Additionally, Deribit's spot trading volume witnessed a significant jump from $837 million in 2023 to $7.6 billion in 2024. Deribit's success highlights the burgeoning interest in cryptocurrency derivatives among institutional investors, and the exchange, as a leading player in the space, is poised to continue benefiting from this trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume in 2024 grew over 95% year-on-year to over $1.1 trillion, driven by institutional investor optimism surrounding the US elections and the Bitcoin bull run.
Deribit's options notional trading volume grew 99% year-on-year to $743 billion, while overall trading volume grew 95%.
Deribit's highest daily trading volume occurred shortly after the US election, on November 12, when 24-hour rolling trading volume reached a record $14.8 billion.
Deribit's spot trading volume grew fastest in 2024, jumping from $837 million the previous year to $7.6 billion.