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Bullish (NYSE: BLSH) released the December 2025 monthly metrics, reporting a total trading volume of $61.1 billion. The spot trading volume for the month was $52.2 billion, with Bitcoin trading volume at $25.9 billion, Ethereum trading volume at $9.6 billion, stablecoin trading volume at $13.8 billion, and other assets trading volume at $2.9 billion. The platform's average trading spread in December was 1.71 basis points, with Bitcoin's monthly average volatility at 39%, and Ethereum's monthly average volatility at 53%.