TokenInsight recently released the "2019Q3 Spot Exchange Research Report". The report shows that the total market transactions in the third quarter reached 4.7 trillion US dollars, an increase of 16.07% from the previous quarter. Compared with the second quarter, the growth rate slowed down significantly. The transaction volume in July, August and September showed a slow downward trend. The main reason is that the spot market is relatively cold, the world risk premium of encrypted assets is high, and the incremental funds are small. The trading funds in the market this quarter were mainly stock transactions in the second quarter. In the third quarter, the transaction volume of TOP10 accounted for 73% of the total market.