#Deribit Trading Volume Surpasses $1.1 Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, an increase of over 95% year-on-year, setting a new record. This growth was largely driven by institutional investors' optimism surrounding the US election and Bitcoin's bullish performance above $100,000. Deribit's peak daily trading volume occurred shortly after the US election, on November 12th, when its 24-hour rolling volume reached a record high of $14.8 billion. Additionally, as Bitcoin prices climbed, the platform's open interest in futures contracts hit a record high of around $48 billion on November 28th. Beyond the significant increase in total trading volume, Deribit's notional options trading volume also grew by 99%, while spot trading volume surged from $837 million in the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Cryptocurrency derivatives exchange Deribit surpassed $1.1 trillion in trading volume in 2024, representing a year-over-year increase of over 95% and a new all-time high. This surge was primarily driven by the bullish sentiment of institutional investors regarding the US Presidential election and the subsequent Bitcoin bull run that saw the cryptocurrency surpass $100,000. Deribit's trading volume was particularly notable in the fourth quarter, with its highest trading day occurring shortly after the US election. On November 12th, Deribit's 24-hour rolling trading volume hit a record high of $14.8 billion. Furthermore, as Bitcoin's price climbed, the platform's open interest in contracts reached an all-time high of approximately $48 billion on November 28th. In addition to the increase in overall trading volume, Deribit's notional options trading volume grew by 99%, while its spot trading volume jumped from $837 million in the previous year to $7.6 billion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume grew significantly in 2024, driven by institutional investor optimism about the US election and the Bitcoin bull market.
Deribit's trading volume was particularly strong in the fourth quarter, with options trading volume increasing by 99% and spot trading volume increasing significantly.
Deribit's trading volume reached an all-time high of $14.8 billion on November 12, when Donald Trump, who supports cryptocurrency, was nominated for president.
As Bitcoin prices rose, Deribit's open interest reached an all-time high of approximately $48 billion on November 28.