#Deribit trading volume surpasses $1 trillion#
Hot Topic Overview
Overview
Cryptocurrency derivatives exchange Deribit experienced significant growth in 2024, with trading volume surging from $608 billion to over $1.1 trillion, representing a year-on-year increase of over 95%. This surge was primarily driven by institutional investors’ optimism fueled by the US elections and Bitcoin’s bullish performance surpassing $100,000. Deribit’s peak trading day occurred shortly after the US elections, on November 12th, where its 24-hour rolling trading volume hit a record high of $14.8 billion. Additionally, Deribit’s options notional trading volume rose by 99% year-on-year to reach $743 billion, while spot trading volume jumped from $837 million in the previous year to $7.6 billion. Deribit’s strong performance demonstrates the growing interest from institutional investors in the cryptocurrency market, fueling the thriving derivatives trading landscape.
Ace Hot Topic Analysis
Analysis
Deribit exchange surpassed $1.1 trillion in trading volume in 2024, an increase of over 95% year-on-year, marking a new all-time high. This growth was primarily driven by institutional investors' optimistic sentiment towards the US election and Bitcoin's bull run exceeding $100,000. Deribit's trading volume was particularly strong in the fourth quarter, reaching a new daily record of $14.8 billion on November 12th. Additionally, Deribit's options notional volume increased 99% year-on-year to $743 billion, and spot volume jumped from $837 million in 2023 to $7.6 billion. Deribit's success demonstrates the growing interest of institutional investors in cryptocurrency derivatives trading, and it signals continued robust growth for the cryptocurrency market in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume surged more than 95% year-over-year in 2024 to over $1.1 trillion, driven largely by institutional investor optimism surrounding the US election and the Bitcoin bull run.
Deribit's trading volume hit an all-time high in the fourth quarter, up 22% from the first quarter.
Deribit's options notional trading volume rose 99% year-over-year to $743 billion, while spot trading volume also jumped from $8.37 billion last year to $7.6 billion.
Deribit's trading volume growth was mainly driven by its diverse product portfolio, including options.