#Deribit trading volume surged 95%.#
Hot Topic Overview
Overview
Cryptocurrency derivatives exchange Deribit saw a massive increase in trading volume in 2024, reaching over $1.1 trillion, an increase of over 95% year-over-year. The growth was primarily fueled by higher optimism among institutional investors regarding the US elections and a bullish performance for Bitcoin, which broke through the $100,000 mark. Deribit's trading volume was particularly strong in the fourth quarter, with a record high of $14.8 billion on November 12. Additionally, Deribit's options notional trading volume grew by 99% year-over-year, while spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Deribit exchange saw a significant increase in trading volume in 2024, reaching over $1.1 trillion, a year-over-year increase of over 95%. This was primarily driven by heightened optimism among institutional investors towards the US elections and a bullish outlook for Bitcoin breaking $100,000. Deribit's trading volume was particularly strong in the fourth quarter, hitting a record single-day volume of $14.8 billion on November 12, while open interest reached an all-time high of approximately $48 billion on November 28. Beyond the total trading volume growth, Deribit's notional options trading volume also grew by 99%, reaching $243 billion in total options volume during the fourth quarter. However, its fastest-growing business was spot trading, 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 increased significantly in 2024, growing more than 95% year-over-year to over $1.1 trillion.
Institutional investors expressed high optimism about the US election and Bitcoin bull market, driving Deribit's trading volume growth.
Deribit's options trading volume growth was particularly notable, increasing 99% year-over-year, reaching $243 billion in total trading volume in the fourth quarter.
Deribit's spot trading business also saw rapid growth, with total spot trading volume jumping from $837 million in the previous year to $7.6 billion in 2024.