Deribit and Coinbase Institutional reported record highs for crypto derivatives activity and trading volumes this week.
Daily trading volumes for crypto derivatives such as options and futures have surged this week hitting record highs on a number of exchanges.
The crypto derivatives exchange Deribit said in a Feb. 29 X post that its 24-hour trading volume hit an all-time high of $12.4 billion on the day.
It added open interest, the number of derivatives contracts that have yet to be closed or settled on the platform, had passed $29 billion, another all-time high. Deribit’s third record was its client assets which reached $4 billion, it said.
