Deribit’s Trading Volume Nearly Doubles in 2024, Surpassing $1 Trillion on Options Boom
Deribit, a top-tier crypto derivatives exchange, recorded an exceptional 95% growth in trading volume in 2024, reaching an all-time high of $1.185 trillion, signaling the continued evolution of the cryptocurrency market.
The platform’s suite of products, which includes options, perpetual futures, volatility futures, and the spot market, experienced strong growth, with options trading contributing $743 billion to the total — a 99% increase compared to 2023. This solidifies Deribit’s position as the dominant exchange for crypto options, a title it has held since launching BTC options in 2016.
Luuk Strijers, Chief Commercial Officer at Deribit, highlighted the drivers behind the record-breaking performance: “We saw a notable surge in trading activity in Q4, driven by institutional optimism surrounding the U.S. presidential election and Bitcoin’s remarkable rally to $100k,” Strijers shared with CoinDesk.
He continued, “The consistent rise in trading volume across all product lines underscores Deribit’s role as the go-to platform for sophisticated traders, particularly as institutional players continue to adopt more advanced trading strategies.”
The surge in Deribit’s trading activity mirrors the broader maturation of the crypto market, boosted by the introduction of spot ETFs and related options in the U.S., which have further attracted institutional investors. The increase in multi-leg trading strategies, combining options, futures, and volatility products, marks a shift toward a more professionalized and robust trading environment in the digital asset space.
