- Deribit exchange witnessed over 95% growth in its trading volume in 2024.
- Deribit recorded 99% growth in its options trading volume.
With Trump’s re-election and Bitcoin recording new all-time highs, the crypto market is witnessing record trading volumes and price surges. While the overall crypto market capitalization is hovering around $3.62 trillion, several crypto exchanges are playing their part in handling huge trading volumes.
Deribit is one of the crypto derivatives exchanges that served millions of crypto traders in the present times of the crypto market. As per latest analytics from the Block, Deribit witnessed a staggering $1.1 trillion trading volume in 2024. This amounts to more than 95% year-on-year growth compared to its $608 billion trading volume in 2023.
In terms of options trading volume also, Deribit crossed the $743 billion mark. This amounts to a 99% year-on-year growth. Out of the total options trading volume of Deribit, Q4 2024 itself accounted for $243 billion. Additionally, its spot trading volume also surged to $7.6 billion in 2024 compared to $837 million in 2023.
“Deribit saw an increase in activity throughout the year, particularly in Q4 as institutional investors demonstrated heightened optimism around the US presidential election, as well as the $100K Bitcoin bull run that followed.”
says Deribit CEO Luuk Strijers, referring to the trading volume growth of Deribit. Furthermore, he opined that the increase in trading volume reflects Deribit’s popularity as the go-to derivatives exchange among professional crypto traders.
2024 Marked a Breakout Year for Deribit
Apart from Deribit, several other crypto exchange platforms have also witnessed huge trading volume surges in 2024. While the year started with a bang after getting approval for Bitcoin and ETH ETFs, US elections played a major role in crypto going further mainstream.
The rise of memecoins and new innovative projects, integration of AI into crypto, finally pro-crypto Trump’s re-election as the President of the US have all contributed to significant growth and a short bull run of crypto by the end of 2024.
In addition to these factors, Deribit acquired a Virtual Assets Regulatory Authority (VARA) license in Dubai and is planning to get derivative licenses in other global markets such as Brazil and France. The Deribit crypto derivatives exchange also implemented FATF’s Travel Rule, which ensures security and legitimacy by conducting KYC and AML compliance checks.
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