It’s been a great year for crypto exchanges, with Coinbase making over a billion in annual revenue. But those good times may soon come to an end, according to the head of a London-based exchange group, who says the largest trading platforms will have to specialize or risk being outperformed by competitors.

• IOST has a bearish short-term trading bias, with the cryptocurrency dropping below major technical support on the four-hour time frame
• The four-hour time frame shows that the IOST / USD pair has performed a bearish breakout under a wedge pattern
• A large inverted head and shoulders pattern continues to dominate the daily time frame

IOST has a bullish short-term trading bias, with the IOST / USD pair dropping below major technical support on the four-hour time frame.

• Litecoin has a bearish short-term trading bias, with cryptocurrency appearing increasing weak below its 200-period moving average on the four-hour time frame
• The four-hour time frame is showing that a bearish head and shoulders pattern has formed
• The daily time frame highlights that the LTC / USD pair is now making lower highs and lower lows

Litecoin has a bearish short-term trading outlook, with the LTC / USD pair appearing increasingly weak below its 200-period moving average on the four-hour time frame.

• EOS has a bearish short-term outlook, with the cryptocurrency trading well below key technical support
• The EOS / USD pair has triggered a bearish head and shoulders pattern on the four-hour time frame
• The daily time frame continues to show the existence of a valid inverted head and shoulders pattern

EOS has a bearish short-term trading outlook, with the cryptocurrency tumbling well below key technical on the four-hour time frame.

Binance users can now trade some cryptocurrencies on margin, using the exchange’s newly launched trading hub. The new service is paired with the existing cryptocurrency exchange under one platform, dubbed Binance 2.0. 

“This is another step in providing an inclusive cryptocurrency trading platform catering to the needs of both advanced institutional traders and retail traders under the same roof,” said Binance CEO Changpeng Zhao. “We are providing a new tool in the financial services and cryptocurrency markets to help amplify trading results of successful trades.”

One of the textbook examples of hyperinflation is seeing a resurgence in demand for cryptocurrency. Bitcoin prices are soaring in Zimbabwe, as the government moves to limit trading in foreign currencies, Quartz reports. 

When it comes to dealing with emerging technologies, the IRS tends to move slowly — too slowly for Congressman Tom Emmer, one of the leading advocates for digital assets on Capitol Hill. The Minnesota Republican has reintroduced legislation to provide a “safe harbor” for holders of forked cryptocurrencies, such as Bitcoin Cash and Bitcoin SV. 

The cryptocurrency market has undergone a significant correction in a few hours, with coins across the board – including Bitcoin (BTC) – experiencing steep drops in prices.

The market has shed more than $20bn since 12:00 BST. As the graph below shows, crypto’s total value had climbed steadily over the last couple of days, increasing by around $40bn from $320bn early on Sunday morning to just under $360bn by midday today.

A new form of digital asset vehicle will allow retail investors to make leveraged trades in cryptocurrencies without breaking strict European laws on trading products.

Estonia-based DX.Exchange has announced the launch of Smart Leverage Tokens – also dubbed ‘Turbo Tokens’ – that will allow clients to trade on margin without borrowing funds or having to undergo forced liquidation. Unlike ordinary Contracts For Difference(CFD’s), the new tokens will autonomously adjust their prices to market conditions.

• Bitcoin has a bullish short-term outlook, with the cryptocurrency testing towards the $13,000 resistance level
• The four-hour time frame shows that bulls are close to invalidating a bearish head and shoulders pattern
• The daily time frame shows that the BTC / USD pair is trading above the neckline of a large inverted head and shoulders pattern

Bitcoin has a bullish short-term trading outlook, with the BTC / USD pair testing back towards the best levels of the year so far.