Crypto Trading Volume on Deribit Nearly Doubles, Surpassing $1T in 2024.

Deribit Trading Volume Surges 95% in 2024, Exceeding $1 Trillion as Options Lead the Way

Deribit, the crypto derivatives exchange, set new records in 2024, with total trading volume rising by 95% year-over-year to reach $1.185 trillion, signaling a significant milestone in the crypto market’s ongoing maturation.

The platform’s product lineup, including crypto options, perpetual futures, volatility futures, and the spot market, saw explosive growth. Options trading led the way, contributing $743 billion to the total, a 99% increase compared to 2023. This cements Deribit’s reputation as the world’s leading exchange for crypto options, a position it has held since launching BTC options in 2016.

Luuk Strijers, Deribit’s Chief Commercial Officer, attributed the growth to a combination of market factors: “Activity on Deribit surged throughout the year, with Q4 seeing a sharp uptick driven by institutional enthusiasm following the U.S. presidential election and Bitcoin’s rally past $100k,” Strijers said in a statement to CoinDesk.

He added, “This remarkable increase in total volume across our platform demonstrates Deribit’s status as the top choice for professional traders, particularly as institutional participants continue adopting more advanced trading strategies.”

The rise in Deribit’s trading activity coincides with the launch of spot ETFs and options tied to these ETFs in the U.S., which have accelerated institutional adoption. The growing prevalence of multi-legged strategies, including options, futures, and volatility trading, reflects the increasing sophistication of the crypto market as it evolves into a more mature financial ecosystem.