{"id":20524,"date":"2025-01-22T10:53:00","date_gmt":"2025-01-22T08:53:00","guid":{"rendered":"https:\/\/forklog.com\/en\/deribits-annual-turnover-surges-to-1-2-trillion\/"},"modified":"2025-01-22T10:53:00","modified_gmt":"2025-01-22T08:53:00","slug":"deribits-annual-turnover-surges-to-1-2-trillion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/deribits-annual-turnover-surges-to-1-2-trillion\/","title":{"rendered":"Deribit&#8217;s Annual Turnover Surges to $1.2 Trillion"},"content":{"rendered":"<p>The trading volume of Deribit, the largest cryptocurrency options platform, soared from $608 billion to <a href=\"https:\/\/insights.deribit.com\/exchange-updates\/deribit-reports-q4-and-2024-year-end-volumes-provides-operational-update\/\">$1.19 trillion<\/a> in 2024, marking a 95% year-on-year increase and surpassing the peaks of three years ago.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1400.webp\" alt=\"1-1400\" class=\"wp-image-250105\"\/><figcaption class=\"wp-element-caption\">Source: Deribit.<\/figcaption><\/figure>\n<p>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).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1002.webp\" alt=\"2-1002\" class=\"wp-image-250106\"\/><figcaption class=\"wp-element-caption\">Source: Deribit.<\/figcaption><\/figure>\n<p>In 2024, the exchange implemented the &#8220;Travel Rule&#8221; from the <span data-descr=\"Financial Action Task Force\" class=\"old_tooltip\">FATF<\/span> and relocated its headquarters to Dubai, UAE, after obtaining a local license.<\/p>\n<p>The organization has initiated discussions with regulators in France and Brazil.<\/p>\n<p>Deribit&#8217;s CEO, Luuk Strijers, noted increased activity in the fourth quarter due to optimism surrounding the <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-becomes-47th-president-of-the-united-states-implications-for-the-crypto-industry\">outcome of the U.S. presidential elections<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-564.webp\" alt=\"3-564\" class=\"wp-image-250107\"\/><figcaption class=\"wp-element-caption\">Source: Deribit.<\/figcaption><\/figure>\n<p>On November 12, the 24-hour rolling trading volume and <span data-descr=\"open interest\" class=\"old_tooltip\">OI<\/span> reached record highs of $14.8 billion and $48 billion, respectively.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-357.webp\" alt=\"4-357\" class=\"wp-image-250108\"\/><figcaption class=\"wp-element-caption\">Source: Deribit.<\/figcaption><\/figure>\n<p>The total volume of cryptocurrency futures transactions in 2024 <a href=\"https:\/\/forklog.com\/en\/news\/cex-spot-volumes-surged-139-in-2024\">increased by 91%<\/a>, from $27.85 trillion to $53.24 trillion, according to calculations by journalist Colin Wu. The leaders were Binance, OKX, and Bybit.<\/p>\n<p>In January, open interest in IBIT options from BlackRock <a href=\"https:\/\/forklog.com\/en\/news\/open-interest-in-options-on-blackrocks-ibit-nears-half-of-deribits\">reached<\/a> half of Deribit&#8217;s figure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Source: Deribit. Of the total, $743 billion (+99% year-on-year) was attributed to options, with the remainder coming from futures and perpetual contracts ($434 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1409,1145],"class_list":["post-20524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-deribit","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"50","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20524"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20524\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20523"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}