- Deribit’s trade volume reached $1.1 trillion in 2024, a 95% increase.
- Q4 2024 options trade totaled $243 billion, a new high.
The top crypto derivatives exchange, Deribit, reported that its trading volume reached a record $1.1 trillion in 2024, which is 95% more than the volume recorded in 2023 at $608 billion. Options trading on the platform was great, growing by an impressive 99% and reaching $743 billion, of which $243 billion was seen in Q4.
This was truly impressive growth against the broader crypto market dynamics, like Bitcoin reaching new all-time highs and all the aftereffects of the 2024 U.S. presidential election. On a larger scale, it made the market capitalization of the crypto market increase to up to $3.62 trillion, in conjunction with the increasing institutional investment and its accelerated adoption rates.
Deribit Notches New Growth Records and Deploys New Features
According to Deribit CEO Luuk Strijers, the growth is harnessed due to increased institutional activity, especially in Q4. “Deribit has seen an increase in activity throughout the year, particularly in Q4 as institutional investors began to heighten optimism around the U.S. presidential election, as well as the $100K Bitcoin bull run that followed,” said Strijers. “As such, this places Deribit at the top among other derivatives exchanges for professional traders.”.
The year 2024 witnessed Deribit expand beyond trading activities. The firm secured a VARA license in Dubai and announced the pursuit of derivative licenses in some of the company’s most important markets, such as Brazil and France. These developments, therefore, reflect the firm’s seriousness about ensuring regulatory compliance with global expansion.
The year also came with security improvements, including the implementation of FATF’s Travel Rule. This means ensuring robust KYC and AML compliance. This improvement has enhanced Deribit’s position within the crypto derivatives market and even further cements its reputation there.
Further boosters of the growth in Deribit will be the overall expansion of the crypto industry approval of the Bitcoin and ETH ETFs as well as its growing popularity amidst the AI-integrated crypto projects that have revived mainstream interest under a pro-crypto administration policy during President Trump’s rule. This went on to achieve a relatively short but impactful bull run by the end of 2024.
As the crypto market keeps evolving, its performance in 2024 by Deribit indicates that it is able to keep up with the market situation and lead in the derivatives space with an extremely high bar for the future.
