#Deribit Trading Volume Surpasses $1.1 Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, up over 95% year-on-year. The growth was primarily driven by institutional investors' bullish sentiment towards the US election and the subsequent Bitcoin bull run, which saw the digital asset break through $100,000. Deribit's highest trading volume day occurred shortly after the US election, with its 24-hour rolling volume reaching a record high of $14.8 billion on November 12. Additionally, as Bitcoin prices surged, the platform's open interest reached an all-time high of approximately $48 billion on November 28. Beyond the overall volume growth, Deribit's notional options trading volume grew by 99%, while spot trading volume jumped from $837 million the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Crypto derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, a 95% increase year-over-year, marking an all-time high. This growth was primarily driven by institutional investors' optimism surrounding the US presidential election and the subsequent bull run that saw Bitcoin break through $100,000. Deribit's trading volume was particularly strong in Q4, with total options volume reaching $243 billion, up 99% year-over-year. Additionally, Deribit's spot trading volume also saw significant growth, jumping from $837 million in 2023 to $7.6 billion in 2024. Deribit's highest trading day occurred shortly after the US election, on November 12th, when its 24-hour rolling volume hit an all-time high of $14.8 billion. As Bitcoin prices surged, the platform's open interest reached an all-time high of approximately $48 billion on November 28th. Deribit's trading volume growth demonstrates the increasing interest from institutional investors in the cryptocurrency market and their optimistic outlook on the future of the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit trading volume surged in 2024, driven by institutional investor optimism about the US election and the Bitcoin bull run.
Deribit's trading volume was particularly notable in the fourth quarter, as institutional investor optimism about the US election and the Bitcoin bull run fueled the growth.
Deribit's highest trading day occurred shortly after the US election, reaching a record high of $14.8 billion on November 12.
Deribit's options trading volume increased by 99%, while spot trading volume surged from $837 million in 2023 to $7.6 billion in 2024.