#Deribit trading volume breaks $1.1 trillion#
Hot Topic Overview
Overview
Cryptocurrency derivatives exchange Deribit saw record trading volumes in 2024, exceeding $1.1 trillion, representing a year-over-year increase of more than 95%. The company said trading volumes increased throughout the year, particularly in the fourth quarter, as institutional investors expressed greater optimism about the US elections and the subsequent bull run in Bitcoin, which broke through $100,000. Deribit's highest trading volume day occurred shortly after the US election, on November 12, when its 24-hour rolling volume hit an all-time high of $14.8 billion. Additionally, Deribit's notional options trading volume also grew by 99%, with its fastest-growing business being spot trading, which saw total spot trading volume jump from $837 million in the previous year to $7.6 billion in 2024.
Ace Hot Topic Analysis
Analysis
Deribit exchange surpassed $1.1 trillion in trading volume in 2024, marking a new all-time high with over 95% year-on-year growth. This surge was primarily fueled by heightened optimism among institutional investors driven by the US election and the bullish performance of Bitcoin exceeding $100,000. Deribit's trading volume was particularly notable in the fourth quarter, with a record-breaking single-day volume of $14.8 billion on November 12th. Beyond total trading volume growth, Deribit's options notional volume also surged by 99% year-on-year, reaching a total of $243 billion in the fourth quarter. Notably, Deribit's spot trading business also witnessed rapid growth, with the total spot volume soaring from $837 million in the previous year to $7.6 billion in 2024.
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Classic Views
Deribit trading volume surged in 2024, exceeding $1.1 trillion, an increase of over 95% year-over-year.
Institutional investors showed optimism towards the US elections and Bitcoin bull run, driving Deribit's trading volume growth.
Deribit's options trading volume increased significantly, with total options trading volume reaching $243 billion in Q4.
Deribit's spot trading volume also increased significantly, jumping from $837 million in 2023 to $7.6 billion in 2024.