Bullish reports $48.6 billion September trading volume

• Bullish (NYSE:BLSH) generated total trading volume of $48.6 billion in September 2026, marking a sequential increase from August.
• Spot trading volume reached $42.2 billion, supported by $4.1 billion in options and $2.3 billion in perpetual futures.
• Average trading spread held at 2.14 basis points amid elevated market volatility across Bitcoin and Ethereum.

Institutional digital asset exchange Bullish (NYSE:BLSH) reported total trading volume of $48.6 billion for September 2026.

The monthly volume performance represented growth compared to $42.5 billion in August 2026 and $39.6 billion recorded in the prior-year period.

Spot spreads fell from August, while options and perpetual futures spreads rose.

Trading execution was driven by $42.2 billion in spot transactions, $4.1 billion in options contracts, and $2.3 billion in perpetual futures turnover.

Bullish operates a regulated digital asset exchange providing liquidity, institutional trading protocols, and custody infrastructure for digital assets.

Monthly average annualized volatility reached 32% for Bitcoin (BTC) and 42% for Ethereum (ETH), rising from 30% and 39% respectively in August.