- Deribit Exchange witnessed over 95% growth in its trading volume in 2024.
- DERIBIT registered 99% growth in its options trading option.
With Trump’s re-election and Bitcoin recording new all-time highs, the crypto market is witnessing record trading volumes and price surpluses. While the overall crypto market value hovering around $3.62 trillion, several crypto exchanges play their part in handling huge trading volumes.
Deribit is one of the crypto derivatives exchanges that earned millions of crypto traders during the current time in the crypto market. According to the latest analysis from the block, Deribit witnessed a staggering trade volume of $1.1 trillion in 2024. This amounts to more than 95% year-on-year growth compared to its trade volume of $608 billion in 2023.
As for options trading options, Deribit also crossed the $743 billion mark. This amounts to a growth of 99% year on year. Of the total options for options trading, the fourth quarter of 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 around the US presidential election, as well as the $100K Bitcoin Bull run that followed.”
Says Deribit CEO Luuk Strijers, referring to the growth in trade volume. Additionally, he opined that the increase in trading volume reflects Deribit’s popularity as a 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 overruns 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 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 United States have all contributed to significant growth and a short crypto bull run by the end of 2024.
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