StockWatch
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Finance: Consumer Services
Monthly UpdateJun 8, 2026, 06:51 AM

Bullish May 2026 Total Trading Volume $32.9B, down 30% MoM

AI Summary

Bullish released its monthly metrics for May 2026, reporting a total trading volume of $32.9 billion, a 30% decrease from $46.9 billion in April 2026 and a 48% decrease from $63.4 billion in May 2025. Spot trading volume also declined to $30.0 billion. The average trading spread increased to 2.23 bps, while monthly average volatility for Bitcoin and Ethereum decreased to 28% and 36% respectively.

Key Highlights

  • Total trading volume for May 2026 was $32.9 billion, down from $46.9 billion in April 2026.
  • Total spot trading volume for May 2026 was $30.0 billion, a decrease from $38.0 billion in April 2026.
  • Spot BTC trading volume for May 2026 was $16.8 billion, down from $20.9 billion in April 2026.
  • Spot ETH trading volume for May 2026 was $3.4 billion, down from $5.4 billion in April 2026.
  • Average trading spread for May 2026 increased to 2.23 bps from 1.95 bps in April 2026.
  • Monthly average Bitcoin volatility for May 2026 was 28%, down from 35% in April 2026.
  • Monthly average Ethereum volatility for May 2026 was 36%, down from 44% in April 2026.