#Deribit Trading Volume Soars#
Hot Topic Overview
Overview
Crypto derivatives exchange Deribit saw a significant increase in trading volume in 2024, surging from $608 billion to over $1.1 trillion, a year-on-year growth of over 95%. This growth was primarily driven by institutional investor optimism surrounding the US elections and the subsequent bullish performance of Bitcoin breaking through the $100,000 mark. Deribit hit a record high single-day trading volume of $14.8 billion on November 12th, while open interest also reached an all-time high of approximately $48 billion on November 28th. Beyond total trading volume growth, Deribit's notional options trading volume also grew by 99%, and spot trading volume jumped from $837 million last year to $7.6 billion.
Ace Hot Topic Analysis
Analysis
Deribit exchange saw a significant surge in trading volume in 2024, exceeding $1.1 trillion, representing a year-over-year growth of over 95%. This growth was primarily driven by institutional investors' optimism surrounding the US election and Bitcoin's break above $100,000. Deribit's trading volume was particularly active in the fourth quarter, reaching a historical high of $14.8 billion in 24-hour rolling volume on November 12th. Concurrently, with Bitcoin's price surge, the platform's open interest in contracts reached a historical high of approximately $48 billion on November 28th. Beyond the total trading volume growth, Deribit's notional options trading volume also increased by 99%, with total option trading volume reaching $243 billion 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.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Deribit's trading volume increased significantly in 2024, driven primarily by institutional investor optimism surrounding the US election and the Bitcoin bull run.
Deribit's trading volume was particularly strong in the fourth quarter, with institutional investors expressing high levels of optimism about the US presidential election and the subsequent $100,000 Bitcoin bull run.
Deribit's highest trading volume day occurred shortly after the US election, hitting a record $14.8 billion on November 12.
Deribit's spot trading business experienced the fastest growth, with total spot volume jumping from $837 million in the previous year to $7.6 billion in 2024.