Bullish’s spot trading volume climbed 62.6% month over month to $76 billion, marking the highest monthly total since October 2025. The surge highlights a renewed level of activity in the sector and positions Bullish as a key player in the centralized trading landscape.
Bullish’s market share rose to 5.06%, up 2.04 percentage points, and this gain propelled the exchange into the top three by spot volume. In February, Bullish (BLSH) entered the top three for centralized exchange spot volume for the first time, surpassing Coinbase as overall trading activity in the industry slowed.
The results underscore Bullish’s growing influence amid a backdrop of cooling industry momentum. This signals a potential shift in the competitive dynamics among centralized crypto venues.
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