Bullish August Trading Volume Rebounds 38% to $42.5B After July Slump
BLSH sits 72% above its 52-week low of $20.55.
Summary
Bullish reported August trading volume of $42.5B, up 38.4% from July's $30.7B, with options volume surging to $4.7B and spreads narrowing to 2.13 bps.
Key Events · Earnings and Guidance · BLSH
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August Volume Rebounds 38.4%
Total trading volume reached $42.5B in August, up from $30.7B in July, reversing the prior month's 40% decline.
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Options Volume Surges
Options trading volume jumped to $4.7B in August from $0.2B in July, a 23.5x increase that drove much of the overall recovery.
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Spot Volume Up 23%
Spot trading volume rose to $35.8B from $29.1B in July, with BTC spot at $17.6B and stablecoin spot at $7.9B.
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Spreads Narrow to 2.13 bps
Average trading spread tightened to 2.13 bps from 2.62 bps in July, indicating more competitive pricing on the exchange.
Analysis · BLSH · Crypto Assets
August metrics show a sharp recovery from July's 40% volume drop, with total trading volume climbing 38.4% month-over-month to $42.5 billion. The rebound was driven by a 23% increase in spot volume and a surge in options activity from $0.2B to $4.7B. Average trading spread narrowed to 2.13 bps from 2.62 bps, indicating tighter pricing. This matters because trading volume is the primary driver of transaction revenue, which fell to $29.9M in Q2 as non-trading revenue overtook it. A sustained volume recovery would help rebalance that mix, but August's $42.5B remains well below the $84.1B peak in February 2026 and the $80.8B level from November 2025.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BLSH was trading at $35.29 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $20.55 to $74.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.