- The Deribit exchange experienced over 95% growth in its trading volume in 2024.
- Deribit recorded a 99% growth in its options trading volume.
With Trump’s re-election and Bitcoin hitting new all-time highs, the crypto market is witnessing record trading volumes and price increases. While the overall crypto market value 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 current era of the crypto market. According to the latest analysis by Blocket, Deribit witnessed a staggering trade volume of $1.1 trillion in 2024. This represents more than 95% year-on-year growth compared to its trade volume of $608 billion in 2023.
In terms of options trading volume, Deribit also passed $743 billion. This corresponds to a growth of 99% on an annual basis. Of Deribit’s total options trading volume, Q4 2024 alone accounted for $243 billion. Additionally, its spot trading volume increased to $7.6 billion in 2024 compared to $837 million in 2023.
“Deribit saw an increase in activity throughout the year, particularly in the fourth quarter as institutional investors showed increased optimism surrounding the US presidential election, as well as the $100,000 Bitcoin bull run that followed.”
says Deribit’s CEO Luuk Strijers, referring to Deribit’s trading volume growth. Additionally, he opined that the increase in trading volume reflects Deribit’s popularity as the top derivatives exchange among professional crypto traders.
2024 marked a breakout year for Deribit
Aside from Deribit, several other crypto exchange platforms have also experienced huge trading volume increases in 2024. While the year started with a bang after getting approval for Bitcoin and ETH ETFs, US elections played a big role in crypto becoming more mainstream.
The emergence of memecoins and new innovative projects, the integration of AI into crypto, finally the pro-crypto Trump’s re-election as US President have all contributed to significant growth and a short crypto bull run at the end of 2024.
In addition to these factors, Deribit acquired a Virtual Assets Regulatory Authority (VARA) license in Dubai and plans to obtain derivatives licenses in other global markets such as Brazil and France. Deribit’s crypto derivatives exchange also implemented the FATF Travel Rule, which ensures security and legitimacy by performing KYC and AML compliance checks.
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