Crypto trading giant Deribit set a new record with over $22.8 billion in 24-hour trading volume on October 11, 2025, as volatility shook the cryptocurrency market. This surge occurred during a significant selloff of both Bitcoin and Ethereum, resulting in massive liquidations across the industry. Deribit’s record breaking figures highlight the heightened volatility experienced by cryptocurrencies.
The record volume is attributed to the sharp price declines in major cryptocurrencies like Bitcoin and Ethereum. These selloffs prompted traders to adjust their positions, leading to a cascading effect on market dynamics. The event has sparked discussions about potential regulatory measures as authorities scrutinize the activity of Deribit and other exchanges amid this volatility.
This unprecedented trading volume will likely garner increased attention from regulatory bodies seeking deeper insights into the cryptocurrency ecosystem’s stability.