#Deribit trading volume surpasses $1 trillion#

Cryptocurrency derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, a record high that represents a year-over-year increase of more than 95%. This surge was driven primarily by institutional investor optimism surrounding the US presidential election and the subsequent bull run that saw Bitcoin break through the $100,000 mark. Deribit’s highest trading volume day came shortly after the election, on November 12, when its 24-hour rolling volume hit a record high of $14.8 billion. Meanwhile, as Bitcoin’s price rallied, the platform’s open interest in futures contracts peaked at approximately $48 billion on November 28, also a record high. Beyond the overall volume increase, Deribit’s nominal options trading volume rose by 99%, with its total options volume reaching $243 billion in the fourth quarter alone. Despite this, its fastest-growing business was spot trading, which jumped from $837 million in 2023 to $7.6 billion in 2024.