IBIT

Data: Deribit's annual trading volume exceeded $1.1 trillion in 2024, a 95% increase from last year

ChainCatcher news, according to The Block, Deribit's trading volume soared from $608 billion in 2024 to over $1.1 trillion, a year-on-year increase of over 95%. Among them, spot trading volume grew significantly, skyrocketing from $837 million to $7.6 billion, an increase of 810%. Deribit's total options trading volume reached $243 billion in the fourth quarter of last year, with a year-on-year growth of 99% in notional options trading volume. Additionally, trading was active on November 12 after the U.S. presidential election, with a record high of $14.8 billion in 24-hour trading volume on that day, while the total open interest on November 28 also reached a new high of $48 billion.The report pointed out that spot trading has become a highlight of Deribit's growth, as the company rapidly expanded its market share after launching spot trading in 2023. Meanwhile, the derivatives sector also maintained steady growth, with options and futures trading continuing to attract participation from institutional investors. The growth occurred against the backdrop of Deribit strengthening its compliance. The company obtained a license from the Dubai Virtual Assets Regulatory Authority (VARA) and plans to apply for derivative licenses in France and Brazil. In addition, Deribit has implemented the FATF's "travel rule" and launched new custody features, such as a hybrid custody model in collaboration with Fidelity, Zodia, and Copper, as well as an "over-the-counter custody" feature supported by Fireblocks.
ChainCatcher Building the Web3 world with innovators