Need evidence of crypto market maturity? Look no further than Deribit, the crypto exchange that registered record trading volumes in 2024.
Total trading volume in Deribit’s product suite, which consists of crypto options, perpetual futures, volatility futures, and spot markets, increased by 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 exchange’s total activity. Deribit listed BTC options in 2016 and has since solidified its position as the world’s leading crypto options exchange.
“Deribit saw increased activity throughout the year, especially in Q4 as institutional investors showed increased optimism around the US presidential election, as well as the $100k Bitcoin bull run that followed, ” said Deribit’s Chief Commercial Officer, Luuk Strijers, in a note. shared with CoinDesk.
“The increase in overall platform volume and our product offerings indicates that Deribit continues to be the go-to derivatives exchange, especially as more professional traders enter the space,” Strijers added.
This impressive boom in trading activity on Deribit reflects the maturing of the market, primarily as spot ETFs and options tied to those ETFs have gone live in the US, accelerating institutional participation. This is a sign of a growing shift toward more sophisticated multi-legged trading strategies involving options, futures, and volatility bets.
