Deribit experienced a remarkable 95% increase in its total trading volume in 2024, exceeding $1 trillion, with options trading reaching $743 billion, a 99% growth. This surge reflects the maturation of the crypto market, particularly driven by the rise of institutional participation amid the U.S. presidential election and a notable Bitcoin bull run. Deribit, recognized as the top crypto options exchange since it began listing BTC options in 2016, has solidified its position as the preferred platform for professional traders. The increasing activity, especially in the fourth quarter of 2024, is indicative of a growing interest in sophisticated multi-legged trading strategies involving options and futures. The introduction of spot ETFs and related options has further contributed to this trend, signaling a shift in trading methodologies within the crypto space.

Source 🔗