Bullish Reports 24% Drop in December Trading Volume to $61.1 Billion

summarizeSummary

Bullish disclosed its December 2025 monthly metrics, revealing a significant 24% month-over-month decrease in total trading volume, alongside declines in spot volume and crypto asset volatility.

check_boxKey Events

• Total Trading Volume Decline

  Total trading volume for December 2025 decreased by 24% month-over-month to $61.1 billion, down from $80.8 billion in November 2025.

• Spot Volume Reduction

  Spot trading volume also saw a significant reduction, falling to $52.2 billion in December from $75.3 billion in November.

• Decreased Volatility

  Monthly average volatility for Bitcoin dropped from 45% to 39%, and for Ethereum from 68% to 53%, potentially contributing to lower trading activity.

• Average Trading Spread

  The average trading spread slightly decreased to 1.71 basis points in December from 1.85 basis points in November.

auto_awesomeAnalysis

The substantial decline in trading volume for December 2025, a key revenue driver for Bullish, indicates a slowdown in activity on its digital asset platform. This could impact the company's financial performance in the upcoming quarter. Investors should monitor future monthly metrics and the next earnings report for further insights into the sustainability of trading volumes and their effect on profitability.