Bullish (NYSE: BLSH), a digital asset exchange platform, reported total trading volume of $30.7 billion for July 2026, according to its monthly metrics release.

Total spot trading volume for the month reached $29.1 billion. Bitcoin spot trading accounted for $16.7 billion of that figure, while Ethereum spot trading contributed $3.0 billion. Stablecoin spot trading came in at $7.3 billion, with other spot assets adding $2.2 billion.

Perpetual futures trading volume was $1.5 billion in July, while options volume totaled $0.2 billion.

The overall average trading spread for July 2026 was 2.62 basis points, up from 2.56 basis points in June 2026. The spot average trading spread was 2.71 basis points, while the options spread was 1.09 basis points. The perpetual spread came in at 1.21 basis points.

Monthly average annualized volatility for Bitcoin was 32% in July, down from 47% in June. Ethereum's monthly average annualized volatility was 44% in July, compared with 67% in June.

The data, based on the company's press release, is unaudited and preliminary, subject to completion of financial closing procedures. Final results may differ from figures reported in the monthly metrics package.