#Deribit Trading Volume Surpasses $1.1 Trillion#

Cryptocurrency derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, representing a year-over-year growth of over 95% and setting a new all-time high. This growth was primarily fueled by institutional investors' bullish sentiment toward the US election and the subsequent Bitcoin bull run that saw the cryptocurrency break through $100,000. Deribit witnessed particularly active trading in the fourth quarter, with its peak daily volume occurring shortly after the US election. On November 12, Deribit's 24-hour rolling trading volume reached a record high of $14.8 billion. Additionally, as the Bitcoin price surged, the platform's open interest in contracts hit a new peak of approximately $48 billion on November 28. Beyond the total trading volume growth, Deribit's notional options trading volume also expanded by 99%. Its fastest-growing business was spot trading, with total spot trading volume soaring from $837 million in the previous year to $7.6 billion in 2024.