Deribit’s Annual Turnover Surges to $1.2 Trillion

The trading volume of Deribit, the largest cryptocurrency options platform, soared from $608 billion to $1.19 trillion in 2024, marking a 95% year-on-year increase and surpassing the peaks of three years ago.

Of the total, $743 billion (+99% year-on-year) was attributed to options, with the remainder coming from futures and perpetual contracts ($434 billion, +86% year-on-year) and spot trading ($7.6 billion, +810% year-on-year).

In 2024, the exchange implemented the “Travel Rule” from the FATF and relocated its headquarters to Dubai, UAE, after obtaining a local license.

The organization has initiated discussions with regulators in France and Brazil.

Deribit’s CEO, Luuk Strijers, noted increased activity in the fourth quarter due to optimism surrounding the outcome of the U.S. presidential elections.

On November 12, the 24-hour rolling trading volume and OI reached record highs of $14.8 billion and $48 billion, respectively.

The total volume of cryptocurrency futures transactions in 2024 increased by 91%, from $27.85 trillion to $53.24 trillion, according to calculations by journalist Colin Wu. The leaders were Binance, OKX, and Bybit.

In January, open interest in IBIT options from BlackRock reached half of Deribit’s figure.