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Bullish released unaudited monthly metrics for February 2026, reporting total trading volume of $84.1 billion, up from $52.2 billion in January 2026, with spot trading volume at $77.4 billion driven by $41.8 billion in BTC and $12.9 billion in ETH. Average trading spread was 2.16 bps, with BTC volatility at 61% and ETH at 82%.