#Deribit Trading Volume Soars#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit saw its trading volume surge in 2024, jumping from $608 billion to over $1.1 trillion, representing an increase of over 95% year-over-year. This growth was primarily driven by institutional investors' bullish sentiment towards the US elections and the subsequent Bitcoin bull run exceeding $100,000. Deribit reached a record high of $14.8 billion in 24-hour rolling volume on November 12th, and a record high of approximately $48 billion in open interest on November 28th. In addition to the growth in total trading volume, Deribit's nominal options volume increased by 99%, and spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Deribit trading volume surged in 2024, exceeding $1.1 trillion, representing an over 95% year-on-year growth. This surge was primarily attributed to institutional investor optimism surrounding the US presidential election and the subsequent bull run that saw Bitcoin break through $100,000. Deribit saw particularly active trading volume in Q4, with its peak trading day occurring shortly after the US election. On November 12th, Deribit’s 24-hour rolling volume hit an all-time high of $14.8 billion. Simultaneously, as Bitcoin prices climbed, the platform’s open interest in contracts also reached a record high of approximately $48 billion on November 28th. Beyond the total volume growth, Deribit also saw its nominal options trading volume increase by 99%. Its fastest-growing business was spot trading, which jumped from $837 million in total spot volume the previous year to $7.6 billion in 2024.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit trading volume surged in 2024, exceeding $1.1 trillion and growing over 95% year-over-year.
Institutional investors expressed optimism about the US elections and Bitcoin's bull run, driving Deribit's trading volume.
Deribit's spot trading volume saw the fastest growth, jumping from $837 million to $7.6 billion in 2024.
Deribit's highest trading volume day occurred shortly after the US election, hitting a record $14.8 billion on November 12.