PANews reported on January 22 that according to The Block, according to the year-end report of the crypto derivatives exchange Deribit, Deribit's trading volume in 2024 soared from US$608 billion to more than US$1.1 trillion, a year-on-year increase of more than 95%. Deribit CEO Luuk Strijers said in a statement: "Deribit's activity increased throughout the year, especially in the fourth quarter, when institutional investors showed higher optimism about the US election and the subsequent bull market of Bitcoin breaking through $100,000."

The company’s highest volume day occurred shortly after the U.S. election, when crypto-friendly President Donald Trump was nominated. On November 12, Deribit’s 24-hour rolling volume hit an all-time high of $14.8 billion. Similarly, the platform’s open interest reached an all-time high of about $48 billion on November 28 as the price of Bitcoin rose.

In addition to a 95% increase in the company’s total trading volume last year, Deribit’s notional options volume also grew 99%. In the fourth quarter alone, its total options volume reached $243 billion. Despite this, its fastest-growing business is spot trading, with total spot trading volume jumping to $7.6 billion in 2024 from $837 million the previous year.