Deribit Reports Record Trading Volume Exceeding $1 Trillion in 2024
Deribit, a leading crypto exchange, reported record trading volumes in 2024, reaching $1.185 trillion, up from $608 billion in 2023, marking a 95% increase. Key highlights include:
- Options trading volume hit $743 billion, growing 99% year-on-year.
- Record daily volume of $14.8 billion on November 12, 2024.
- Open interest for futures and options peaked at $48 billion by November 28.
- Spot trading surged 810% to $7.6 billion from $837 million in 2023.
- Bitcoin accounted for 67.04% of market pair volume, with ETH at 14.4%.
- USD dominated currency volume at 132.28%, followed by USDC at 6.34%.
Deribit enhanced its regulatory compliance by securing a Virtual Assets Regulatory Authority in Dubai and pursuing licenses in France and Brazil. The exchange also implemented the FATF Travel Rule to improve security and transparency, alongside advanced custody options with firms like Fidelity and Copper.
Photo: CoinGecko