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Crypto derivatives’ daily trading volumes reach record highs

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.