#Deribit volume surpasses $1.1 trillion#

Deribit exchange's trading volume surpassed $1.1 trillion in 2024, representing a year-over-year increase of more than 95% and setting a new all-time high. Its trading volume was particularly notable in the fourth quarter, driven by institutional investors' high optimism surrounding the US election and the subsequent Bitcoin bull run that pushed the cryptocurrency above $100,000. Deribit's highest trading volume day occurred shortly after the US election, on November 12, when its 24-hour rolling trading volume reached a record high of $14.8 billion. Additionally, as Bitcoin prices surged, the platform's open interest on contracts reached a record high of approximately $48 billion on November 28. Beyond the growth in overall trading volume, Deribit's notional options trading volume surged by 99%, reaching $243 billion in total options trading volume in the fourth quarter. Notably, Deribit's spot trading business saw the fastest growth, with total spot trading volume jumping from $837 million in the previous year to $7.6 billion in 2024.