#Deribit Trading Volume Surpasses One Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, marking a record high and a year-over-year increase of over 95%. This growth was primarily fueled by institutional investors' bullish sentiment towards the US elections and the subsequent bitcoin bull run that saw the cryptocurrency breach $100,000. Deribit's highest trading day occurred shortly after the US elections, on November 12, when its 24-hour rolling volume hit a record $14.8 billion. Furthermore, as the bitcoin price rallied, the platform's open interest also reached an all-time high of approximately $48 billion on November 28. Deribit's options trading volume also surged by 99%, while spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Cryptocurrency derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, marking a more than 95% year-on-year increase and setting a new record. This growth was mainly fueled by institutional investors' optimistic outlook on the US presidential election and the subsequent bitcoin bull run that saw the cryptocurrency break the $100,000 mark. Deribit's trading volume was particularly strong in the fourth quarter, with total options trading reaching $243 billion, a 99% year-on-year increase. Additionally, Deribit's spot trading volume surged from $837 million in 2023 to $7.6 billion in 2024. Deribit hit a record 24-hour rolling trading volume of $14.8 billion on November 12, while its open interest also reached an all-time high of approximately $48 billion on November 28 as bitcoin prices rallied. The surge in Deribit's trading volume indicates a growing interest in the cryptocurrency market by institutional investors and a rising demand for cryptocurrency derivatives trading.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume surged in 2024, driven by institutional investors' optimism about the US election and the Bitcoin bull market.
Deribit's trading volume was particularly strong in the fourth quarter, with options trading volume increasing by 99% and spot trading volume increasing by nearly 10 times.
Deribit's highest trading day occurred shortly after the US election, hitting a record high of $14.8 billion on November 12.
Deribit's open interest reached a record high of around $48 billion on November 28, reflecting market expectations of a rise in Bitcoin prices.