Do you need evidence of the maturity of the crypto market? Look no further than Deribit, the crypto exchange that recorded trading volumes in 2024.
Total trading volume in Deribit's product suite, which includes crypto options, perpetual futures, volatility futures, and the spot market, rose 95% from $608 billion in 2023 to $1.185 trillion in 2024.
Options alone registered a trading volume of $743 billion, a 99% year-on-year growth, accounting for a large portion of the total exchange activity. Deribit listed BTC options in 2016 and has since solidified its position as the world's leading crypto options exchange.
“Deribit saw an increase in activity throughout the year, especially in Q4 as institutional investors expressed more optimism about the US presidential election, as well as the ensuing $100k Bitcoin bull, “said Deribit's Chief Trading Officer, Luuk Strijers, in a note shared by CoinDesk.
“The increase in the total number of the platform and across the products we offer shows that Deribit is still the derivatives exchange going, especially when more professional traders come into place,” Strijers said.
This impressive increase in trading activity on Deribit shows how the market is maturing, especially as spot ETFs and options linked to these ETFs went live in the US, accelerating institutional participation. It is a sign of a growing trend towards more sophisticated multi-leg trading strategies including options, futures, and volatility bets.
Source: https://www.coindesk.com/markets/2025/01/22/deribits-crypto-trading-volume-nearly-doubled-to-over-1-t-in-2024
