#Deribit Trading Volume Surpasses $1.1 Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, representing an increase of over 95% year-on-year. This growth was primarily fueled by institutional investor optimism surrounding the US elections and the subsequent bullish performance of Bitcoin, which surged past $100,000. Deribit's trading volume was particularly strong in Q4, with total options trading volume reaching $243 billion. Furthermore, Deribit's spot trading volume also saw a significant jump, rising from $837 million in 2023 to $7.6 billion in 2024. Deribit achieved a new 24-hour rolling trading volume high of $14.8 billion on November 12th and a new open interest high of approximately $48 billion on November 28th.
Ace Hot Topic Analysis
Analysis
Crypto derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, marking a historic high and an over 95% year-over-year increase. This growth was primarily driven by institutional investors' strong optimism towards the US presidential election and the subsequent bullish performance of Bitcoin breaking $100,000. Deribit experienced particularly active trading volume in Q4, with November 12th seeing a record-breaking 24-hour rolling volume of $14.8 billion. Simultaneously, as Bitcoin prices surged, the platform's open interest reached an all-time high of approximately $48 billion on November 28th. Beyond the overall volume growth, Deribit witnessed a 99% increase in its notional options volume, while its spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit trading volume surged in 2024, exceeding $1.1 trillion, a year-over-year increase of over 95%.
Institutional investors showed high optimism towards the US presidential election and Bitcoin bull market, driving the growth of Deribit's trading volume.
Deribit's trading volume was particularly strong in the fourth quarter, with options trading volume increasing by 99%.
Deribit's spot trading volume also surged in 2024, jumping from $837 million to $7.6 billion.