What you should know:

• Deribit’s total trading volume increased by 95% year-over-year, reaching over $1 trillion.
• Options trading volume grew 99% to $743 billion.

Need evidence of the maturation of the crypto market? Look no further than Deribit, which recorded historical trading activity in 2024.

Total trading volumes across Deribit’s offerings, including crypto options, perpetual futures, and spot markets, surged by 95% from $608 billion in 2023 to $1.185 trillion in 2024. Trading volume from options alone hit $743 billion, marking a dramatic 99% year-on-year increase, and accounted for a considerable portion of the platform’s total activity.

“Deribit observed a boost in activity throughout the year, especially in Q4 as institutional investors showed greater optimism ahead of the upcoming U.S. presidential election, alongside the surge towards $100k in Bitcoin,” said Luuk Strijers, Deribit’s Chief Commercial Officer, in a note shared with CoinDesk.

“The upsurge in both total volume and across our product offerings suggests that Deribit maintains its reputation as the preferred derivatives exchange, particularly as an increasing number of professional traders engage with the platform.”

This remarkable uptick in trading activity at Deribit represents further maturity in the crypto market, fueled by the debut of spot ETFs and related options in the U.S., which in turn has heightened institutional participation and indicated a shift toward advanced multi-legged trading strategies.