Woofun AI reports that Deribit’s share of total futures trading volume has decreased to 40%, down from approximately 60% a year ago and 80% three years prior. Despite this decline in volume share, the platform maintains a leading position in open interest, which accounts for 75% of the total. This discrepancy stems from distinct trading structures; Deribit provides superior liquidity and depth for medium- to long-term contracts, whereas such options see less frequent transaction activity. Conversely, short-term options resemble the futures market more closely and require additional marketing efforts to drive trading volume.