Monthly UpdateMay 7, 2026, 06:47 AM
Bullish April 2026 Total Trading Volume $46.9B, Down 22.3% MoM
AI Summary
Bullish released its monthly metrics for April 2026, reporting a significant decline in total trading volume to $46.9 billion, a 22.3% decrease from March 2026. Spot trading volume also fell substantially to $38.0 billion. While options trading volume saw an increase, perpetual trading volume decreased. The average trading spread slightly widened, and volatility for both Bitcoin and Ethereum declined month-over-month.
Key Highlights
- Total trading volume for April 2026 was $46.9 billion, down from $60.4 billion in March 2026.
- Spot trading volume in April 2026 reached $38.0 billion, a decrease from $52.9 billion in March 2026.
- Options trading volume increased to $5.6 billion in April 2026 from $3.2 billion in March 2026.
- Perpetual trading volume was $3.4 billion in April 2026, down from $4.4 billion in March 2026.
- The average trading spread for April 2026 was 1.95 basis points, compared to 1.86 bps in March 2026.
- Monthly average volatility for Bitcoin (BTC) was 35% in April 2026, down from 48% in March 2026.
- Monthly average volatility for Ethereum (ETH) was 44% in April 2026, down from 60% in March 2026.