#Deribit trading volume surpasses $1 trillion#

Deribit Exchange surpassed $1.1 trillion in trading volume in 2024, an increase of over 95% year-over-year, setting a new all-time high. This growth was primarily driven by institutional investor optimism fueled by the US presidential election and the subsequent bullish performance of Bitcoin, which surpassed $100,000. Deribit's highest trading volume day occurred shortly after the US election, on November 12th, when its 24-hour rolling volume reached a record high of $14.8 billion. Simultaneously, with the rise in Bitcoin price, the platform's open interest in contracts reached an all-time high of approximately $48 billion on November 28th. Besides the growth in overall volume, Deribit's notional options trading volume also increased by 99%, reaching $243 billion in total options volume during Q4. Despite this, Deribit's fastest-growing business was spot trading, with total spot volume jumping from $837 million in the previous year to $7.6 billion in 2024.