#Deribit trading volume surges#
Hot Topic Overview
Overview
Cryptocurrency derivatives exchange Deribit saw a significant surge in trading volume in 2024, soaring from $608 billion in 2023 to over $1.1 trillion, representing a year-over-year increase of more than 95%. This growth was primarily fueled by institutional investor optimism surrounding the US elections and the subsequent bullish performance of Bitcoin, which broke through the $100,000 mark. Deribit's trading volume was particularly robust in the fourth quarter, hitting an all-time high of $14.8 billion on November 12, while open interest also reached a record high of around $48 billion. In addition to the growth in overall trading volume, Deribit's notional options trading volume also increased by 99%, 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, representing a year-over-year growth of over 95%. This surge was primarily driven by institutional investors' bullish sentiment towards the US elections and Bitcoin's surge past the $100,000 mark. Deribit's trading volume was particularly notable in the fourth quarter, with a record high of $14.8 billion in 24-hour rolling volume on November 12th, alongside a record high of approximately $48 billion in open interest. Beyond the total trading volume growth, Deribit's notional options trading volume also grew by 99%, while spot trading volume jumped from $837 million in the previous year to $7.6 billion. Deribit's growth indicates an increasing interest in cryptocurrency derivatives among institutional investors, suggesting that Deribit is well-positioned for continued strong growth in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume surged in 2024, exceeding $1.1 trillion, an increase of over 95% year-on-year.
Institutional investor optimism about the US election and the Bitcoin bull market fueled the growth in trading volume.
Deribit's options trading volume grew significantly, reaching $243 billion in total volume in the fourth quarter.
Deribit's spot trading volume also surged, jumping from $8.37 billion in 2023 to $76 billion in 2024.