Deribit's trading volume in 2024 will increase by more than 95% year-on-year to more than US$1.1 trillion

Odaily reported that according to a year-end report for 2024, the trading volume of the cryptocurrency derivatives exchange Deribit increased from $608 billion to over $1.1 trillion, a year-on-year growth of over 95%. Deribit CEO Luuk Strijers said in a statement that "Deribit's trading volume increased throughout the year, especially in the fourth quarter, as institutional investors were highly optimistic about the US presidential election and the subsequent $100,000 Bitcoin bull market." The company's highest trading volume day occurred shortly after the US election. On November 12, Deribit's 24-hour rolling trading volume hit a new high of $14.8 billion. Similarly, as Bitcoin prices rose, the platform's open interest positions reached a historic high of around $48 billion on November 28. (The Block)