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Deribit’s Crypto Trading Volume Soars to More Than $1T in 2024, Nearly Double Last Year’s Total.

Deribit Sees Trading Volume Skyrocket 95% in 2024, Led by Surge in Options Activity

For a clear sign of the crypto market’s evolution, look no further than Deribit. The crypto exchange experienced a remarkable surge in trading activity in 2024, setting new records and showcasing the increasing sophistication of the sector.

Deribit’s total trading volume across its product offerings, including crypto options, perpetual futures, volatility futures, and the spot market, surged 95% year-on-year, reaching $1.185 trillion in 2024. This was a substantial increase from $608 billion in 2023. A significant portion of this growth came from options trading, which alone accounted for $743 billion of the total volume, marking a 99% growth compared to the previous year. This highlights the dominance of options in Deribit’s total trading activity. Since launching BTC options in 2016, Deribit has firmly established itself as the leading exchange for crypto options.

Luuk Strijers, Chief Commercial Officer at Deribit, explained the driving factors behind the record trading volumes: “Deribit saw increased activity throughout 2024, particularly in Q4, as institutional investors grew more optimistic about the U.S. presidential election and the subsequent $100k Bitcoin bull run,” Strijers said in a statement provided to CoinDesk.

“The substantial growth in total platform volume and across our product offerings reflects Deribit’s position as the go-to derivatives exchange, particularly as institutional and professional traders enter the market,” Strijers added.

The surge in trading activity on Deribit signals a broader maturation of the crypto market, especially as spot ETFs and related options launched in the U.S., helping to boost institutional involvement. This also marks a shift toward more advanced trading strategies, including multi-leg options, futures, and volatility trading products.

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