#Deribit trading volume surged 95%.#
Hot Topic Overview
Overview
Deribit exchange saw a significant surge in trading volume in 2024, exceeding $1.1 trillion, representing a year-over-year increase of over 95%. The exchange's options notional volume grew by 99% to $743 billion, while spot trading volume jumped from $837 million in 2023 to $7.6 billion. Deribit's trading volume hit an all-time high in the fourth quarter, surpassing the first quarter by 22%. According to the company's CEO, Luuk Strijers, increased optimism from institutional investors regarding the US elections and the subsequent Bitcoin bull run to over $100,000 drove the growth in trading volume.
Ace Hot Topic Analysis
Analysis
Deribit exchange recorded a record-breaking trading volume of over $1.1 trillion in 2024, a year-on-year growth of over 95%. The growth was mainly driven by institutional investors' optimism towards the US election and the bullish performance of Bitcoin breaking through $100,000. Deribit's highest trading volume day occurred shortly after the US election, on November 12, when its 24-hour rolling trading volume hit a record high of $14.8 billion. Moreover, as Bitcoin's price surged, the platform's open interest reached a record high of approximately $48 billion on November 28. Beyond the overall trading volume growth, Deribit's nominal options trading volume also increased by 99%, reaching $243 billion in total options trading volume in Q4. Despite this, its fastest-growing business was spot trading, with total spot volume jumping from $837 million in the previous year to $7.6 billion in 2024.
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Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume grew by more than 95% year-over-year in 2024, exceeding $1.1 trillion, driven by institutional investor optimism about the US elections and the Bitcoin bull market.
Deribit's options notional trading volume grew by 99% year-over-year to $743 billion, and spot trading volume also increased significantly.
Deribit's trading volume hit a record high in the fourth quarter, exceeding the first quarter by 22%.
Deribit achieved significant strategic, financial and regulatory milestones in 2024.