#Deribit Trading Volume Surpasses $1.1 Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, a more than 95% year-over-year increase, setting a new all-time high. Its trading volume saw growth throughout the year, particularly in the fourth quarter, as institutional investors expressed high optimism towards the US presidential election and the subsequent bull run that saw Bitcoin break through $100,000. Deribit's highest trading volume day occurred shortly after the election, on November 12, when its 24-hour rolling trading volume reached a record high of $14.8 billion. Additionally, as Bitcoin price climbed, the platform's open interest reached a record high of approximately $48 billion on November 28. Beyond total trading volume growth, Deribit's notional options trading volume surged by 99%, and spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Cryptocurrency derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, marking a year-over-year growth of over 95%. This surge was primarily fueled by the strong bullish sentiment among institutional investors towards the US presidential election and the subsequent bitcoin bull run that propelled the cryptocurrency beyond $100,000. Deribit witnessed particularly active trading in the fourth quarter, reaching a record high of $14.8 billion in 24-hour rolling trading volume on November 12. Simultaneously, open interest in contracts peaked at approximately $48 billion on November 28. Beyond the total volume growth, Deribit's nominal options trading volume also increased by 99%, reaching $243 billion in the fourth quarter alone. Notably, Deribit's spot trading business experienced the most rapid growth, with total spot trading volume jumping from $837 million in the previous year to $7.6 billion in 2024.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit trading volume surged in 2024, exceeding $1.1 trillion, an increase of over 95% year-on-year.
Institutional investors expressed optimism about the US election and the Bitcoin bull market, driving trading volume growth.
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, jumping from $837 million in 2023 to $7.6 billion in 2024.