Institutional grade digital assets derivatives exchange Deribit has reported record growth for the 2024 year, including a year-on-year increase of 99% in options notional trading volume and a 95% year-on-year growth in company volumes.

Deribit also saw continued growth across all products and assets in 2024.

The rise in total Deribit volume included an 810% increase in spot trading as the (free) product with the greatest YoY growth. The most popular asset traded was options, with $743bn in total volume. Average 24-hour volume also increased across assets, with a 24-hour rolling volume high of $14.8bn on 12 November 2024.

In a press statement, Deribit CEO Luuk Strijers said: “Deribit saw an increase in activity throughout the year, particularly in Q4 as institutional investors demonstrated heightened optimism around the US presidential election, as well as the $100k Bitcoin bull run that followed. The rise in total platform volume and across our offered products indicates that Deribit continues to be the go-to derivatives exchange, particularly as more professional traders enter the space.

“We are always evaluating how Deribit can introduce high-quality products that until now were absent in the crypto ecosystem. The introduction of new offerings—from yield-bearing collateral to gold and linear altcoin options—reflects our commitment to proactively respond to customer needs and offer robust products with deep liquidity.