Bullish September trading volume totals $48.6 billion
BLSH•Bullish reported September trading volume of $48.6 billion, up 14% from August’s $42.5 billion. Spot volume rose 18% to $42.2 billion, while options volume fell 13% to $4.1 billion and perpetual volume increased 15% to $2.3 billion.
1. September trading metrics
Bullish’s total trading volume rose 14% month over month to $48.6 billion. Spot BTC volume increased 13% to $19.9 billion, spot ETH volume climbed 22% to $4.5 billion and spot “Other” volume rose 27% to $8.4 billion. Average trading spread was 2.14 basis points, compared with 2.13 basis points in August; spot spread narrowed to 2.41 basis points from 2.53 basis points. Monthly average volatility rose to 32% for BTC from 30% and to 42% for ETH from 39%.
