#Deribit Trading Volume Surpasses One Trillion#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit saw its trading volume surpass $1.1 trillion in 2024, representing a year-over-year increase of more than 95%. This surge was primarily driven by bullish sentiment from institutional investors around the US elections and the subsequent bull run that saw Bitcoin break through $100,000. Deribit's trading volume was particularly active in the fourth quarter, hitting a record high of $14.8 billion in daily volume on November 12th, while open interest peaked at approximately $48 billion on November 28th. In addition to the growth in overall trading volume, Deribit's notional options trading volume increased by 99%, while spot trading volume jumped from $8.37 billion the previous year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Deribit exchange’s trading volume in 2024 surpassed $1.1 trillion, an increase of over 95% year-on-year, setting a new historical high. This growth was primarily driven by institutional investors’ strong optimism towards the US presidential election and the subsequent Bitcoin bull run. Deribit's trading volume was particularly robust in the fourth quarter, with its options trading volume increasing by 99% and its spot trading volume surging from $837 million in 2023 to $7.6 billion. On November 12, Deribit set a new daily trading volume record of $14.8 billion, while on November 28, its open interest also hit a record high of approximately $48 billion. Deribit's strong performance indicates a growing interest in the cryptocurrency market by institutional investors, and it is expected to maintain robust growth momentum in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume surged in 2024, exceeding $1.1 trillion, representing a year-over-year increase of over 95%.
Institutional investors exhibited strong optimism towards the US Presidential election and the Bitcoin bull market, driving the growth in trading volume.
Deribit's trading volume was particularly robust in the fourth quarter, with options trading volume increasing by 99%.
Deribit's spot trading volume also experienced a significant increase, jumping from $8.37 billion in 2023 to $76 billion in 2024.