Young Platform Blog

Before we start: what is MiCAR and why does it matter to you?

MiCAR (which stands for Markets in Crypto-Assets Regulation) is the unified European regulation that, from 30 June 2026, governs the operation of crypto platforms across the European Union. To draw a comparison, it is very similar to the banking regulations introduced in the 2000s: a set of harmonised rules defining how crypto platforms must treat customers, custody their assets, disclose risks, and manage conflicts of interest and complaints.

Young Platform was authorised as a CASP (Crypto-Asset Service Provider) by Consob and Banca d’Italia on 30 June 2026. From that date, we have updated our entire platform to comply with these rules. This guide explains — in practical terms — what has changed from your perspective as a customer.

If you have already read our “Base vs Pro” guide, you will find the other updates here. If you haven’t read it yet, we highly recommend doing so first. You can find the link here: Guide to understanding Young Platform Base and Young Platform Pro post-MiCAR. Concepts such as Bilateral Trade, Execution Policy, Order Book, and Limit Orders apply here too.

1. The YNG Token will temporarily only be available on Base, not Pro

What has changed

Prior to 1 July 2026, you could buy and sell the YNG Token (Young Platform’s proprietary token) on both Young Platform Base and Young Platform Pro. Since 1 July 2026, it has been available only on Base. It is no longer possible to place buy or sell orders for YNG on the Pro platform. All pending YNG orders on Pro were automatically closed during the maintenance window on the night between 30 June and 1 July, and your Euro/crypto funds were returned to your available balance.

Please note: Any YNG holdings you had in your “vault” (custody) have not been affected. If you had 500 YNG in your wallet, they are still there. Only the way you buy and sell them has changed: from now on, you will do this on Base.

Why

On the Pro platform, Young Platform acts as an intermediary, sourcing the best counterparty across external markets (other exchanges). However, the YNG token is not yet admitted to trading on other qualified external exchanges connected to Young Platform. Consequently, there was effectively no external market for it on Pro.

What you need to do

If you previously used Pro to buy or sell YNG, you must now use Base (either via exchange.youngplatform.com or the updated mobile app). The process remains the same: you see the price, you have 5 seconds to accept it, and the transaction is settled directly with Young Platform.

This service may return to Pro in the future, if and when YNG is admitted to trading on external qualified exchanges. Young Platform will notify you well in advance if this happens.

2. Withdrawals and deposits: new transfer verification rules

This is likely the most noticeable update for anyone transferring crypto between Young Platform and external wallets. The rules vary depending on where the crypto is going (or coming from) and the amount involved.

The golden rule (always applicable): you can only transfer to your own wallets

First and foremost, this is the most critical rule to remember, and it applies to any transaction amount, without exception: you cannot send crypto from Young Platform to a non-custodial wallet (such as MetaMask, Ledger, Trezor, etc.) registered to someone else. This applies even if they are your parent, sibling, best friend, or a merchant. The same rule applies to incoming deposits: if crypto enters your Young Platform account from a non-custodial wallet, that wallet must belong to you, not a third party.

This restriction stems from the European Travel Rule Regulation (Regulation EU 2023/1113) and applies regardless of the monetary value: even a €5 transfer is prohibited if the destination non-custodial wallet cannot be proven to be yours. If you attempt this, the platform will block the transfer, and your crypto will remain held until the transaction is cleared.

For wallets held with other authorised exchanges (e.g., Coinbase, Kraken, etc.), specific checks are also carried out.

How Young Platform verifies that a non-custodial wallet is actually yours

A non-custodial wallet is one where only you hold the private keys. Examples include MetaMask, Ledger, Trezor, Trust Wallet, and Rabby. The way Young Platform verifies ownership depends on the transfer amount.

• If the amount is under €1,000: A dedicated screen will appear where you must tick a box declaring, under your own responsibility, that you are the sole owner of the wallet and the private keys. This is a legally binding self-declaration: declaring false information carries personal liability. Without ticking this box, the transfer cannot proceed.
• If the amount is €1,000 or more: Self-declaration is no longer sufficient. You will be asked to provide a formal cryptographic signature. This is required to objectively prove — rather than just declare — that you possess the private keys to that wallet.

What “cryptographic signature” means in simple terms

A cryptographic signature is a mathematical signature. It is not a written declaration, but a technical process: it involves using your wallet’s private keys to sign a unique message sent to you by Young Platform. If you are the genuine owner of the wallet, you will be able to generate this signature. If you are not, you won’t. It is the equivalent of proving you own a car by not just showing the logbook, but actually starting the engine with your key in front of a notary.

The practical steps on your screen are fully guided:

1. Young Platform displays a message.
2. You open your non-custodial wallet.
3. Your wallet prompts you to confirm the signature (usually via Face ID, PIN, or by tapping your Ledger/Trezor hardware device).
4. Your wallet generates the signature and transmits it to Young Platform.
5. If the signature is valid, Young Platform releases the transfer. If it is invalid (or if you do not complete it), the transfer will be rejected and your crypto will remain in your Young Platform account.

The technical service provider Young Platform uses to manage this signature verification is Notabene, a platform specialising in Travel Rule compliance.

If the wallet is on another exchange

In this case, the logic is different. A wallet on another authorised exchange does not have “private keys” that the customer can sign — the hosting exchange holds them. Therefore, cryptographic signing does not apply.

Instead, the Travel Rule requires an automatic exchange of data between Young Platform and the destination exchange. Specifically:

• When you set up the transfer, Young Platform will ask you for the recipient’s personal details (first name, surname, and whether they are you or someone else).
• Young Platform and the receiving exchange will automatically and securely exchange this data in an encrypted format using an international technical standard called IVMS101 (essentially a “common language” for crypto platforms).
• If the other exchange confirms the details, the transfer goes through.
• If the other exchange does not respond or provides incomplete data, the transfer will be temporarily held, and Young Platform will ask you to manually provide the missing details before releasing it.

Once again, Notabene is the technical tool orchestrating this secure data exchange between platforms.

What is the Travel Rule (and why does it exist)?

The Travel Rule is a regulatory standard introduced by the European Union under Regulation EU 2023/1113. Essentially, it dictates that specific identifying data must “travel” with the transaction, just as it does with international bank transfers. If a bank processes a €10,000 transfer to another bank, it must specify the sender and the recipient — name, address, and IBAN. The crypto Travel Rule operates in the same way, with minor technical adjustments (using blockchain addresses instead of IBANs).

The objective is to prevent money laundering and terrorist financing: by ensuring every crypto movement is traceable, it becomes significantly harder to move illicit funds through regulated platforms.

What happens if a transfer gets blocked?

This can happen for several technical reasons:

• The receiving exchange fails to respond to the data exchange promptly.
• The sent data is incomplete.
• Your non-custodial wallet fails to sign due to a technical error.
• The destination address is flagged on a suspicious list (such as sanctioned addresses, known scams, etc.).

In all these scenarios, the transfer goes into a temporary block. Your crypto will not leave your account and will not reach the recipient until the issue is resolved. You will receive an in-app notification explaining what is missing and what you need to do (for example, providing the signature again, updating the recipient’s details, or contacting Customer Support).

Please do not worry if this happens: it is a protective security mechanism, not a penalty. If you have any doubts, get in touch with Customer Support straight away.

What is the Transfer Policy (in a broader sense)?

It is worth distinguishing between two documents that sound similar but cover different areas:

• The Crypto-Asset Transfer Policy (Article 80 MiCAR) is the document where Young Platform outlines how it delivers its transfer services as a regulated activity: who is permitted to make transfers, how transfers are processed, what technical security measures are in place, and so on.
• The Travel Rule Procedure (Regulation EU 2023/1113) is a more specific document detailing how Young Platform collects and exchanges the data that must accompany every crypto transfer, and how it implements cryptographic signatures for non-custodial wallets.

These two documents are designed to be read alongside each other.

What you need to do in practice

• If you are transferring less than €1,000 to or from your own non-custodial wallet: Simply tick the self-declaration box when prompted. That is all.
• If you are transferring €1,000 or more to or from your own non-custodial wallet: Be ready to perform the cryptographic signature (make sure your wallet is open on your phone or your hardware device is connected beforehand).
• If the wallet is on another exchange: Provide the requested personal details; the rest is handled automatically in the background.
• Never attempt to send crypto to another person’s non-custodial wallet (not even a family member): this is strictly prohibited at any transaction value. If you need to send crypto to someone, ask them to set up their own account on Young Platform or another authorised exchange.

3. Delisting: some cryptocurrencies are no longer available

What happened

With the introduction of MiCAR, Young Platform had to review the list of available cryptocurrencies on our platform. Some have been removed. The technical term for this is “delisting”, which simply means removing them from our available selection — much like a supermarket taking certain products off the shelves if they no longer meet new regulatory standards.

Why

The reasons vary depending on the specific crypto-asset:

• Some stablecoins do not hold EMT (E-Money Token) status under MiCAR and therefore cannot be offered within Europe. USDT (Tether) is the most prominent example: as it is not yet compliant with MiCAR, it cannot be marketed as an EMT within the EU.
• Some crypto-assets are deemed high-risk due to low liquidity, technical vulnerabilities, or concerns over project governance.
• Some crypto-assets lack a MiCAR-compliant White Paper notified to the relevant competent authority, which is now a mandatory requirement for offering assets to the European public.

The fully updated list of supported cryptocurrencies is always available to view at youngplatform.com/en/exchange/listed/ and in our Terms and Conditions.

What you need to do

If you were affected, you will have received a dedicated notice from Young Platform outlining your options (such as converting the assets, withdrawing them to an external wallet, etc.) along with a deadline. If you don’t remember receiving this email, please check the email address associated with your account. If you have any questions, contact Customer Support.

4. Some trading pairs are changing: from USDC to EUR

What is a trading pair?

A trading pair (or “pair”) is the combination of two assets you are exchanging. If you buy Bitcoin using Euros, the pair is BTC/EUR. If you buy Bitcoin using USDC (a dollar-pegged stablecoin), the pair is BTC/USDC.

What has changed

Following 1 July 2026, Young Platform converted several trading pairs from USDC to EUR.

Why

There are two main reasons for this:

• It is simpler for you: When you buy using EUR, you know exactly how much you are spending in your local currency. Buying in USDC requires extra mental steps (converting Euros to USDC, then USDC to BTC), and each step carries a small transaction cost. For European retail users, EUR pairs are far more intuitive.
• Regulatory requirements: Under MiCAR, offering pairs against stablecoins that must meet specific criteria (authorised EMTs) involves stricter checks and disclosure requirements. In some cases, for operational efficiency, it is preferable for Young Platform to support the trading pair directly in Euros.

What you need to do

If you used to trade regularly against USDC on certain cryptocurrencies, check if the pair has switched to EUR. If it has, there is no cause for concern: you can continue making the same trade; you will simply pay and receive Euros instead of USDC. If you still require USDC, you can buy it separately just like any other cryptocurrency.

5. Moneybox (recurring purchases) and Recurring Staking

What is the Moneybox?

The Moneybox feature allows you to set up automatic, recurring purchases (weekly, bi-weekly, or monthly) for one or more supported cryptocurrencies.

These recurring Moneybox purchases are built on the same Bilateral Trade model described in our “Base vs Pro” guide. We have included a brief summary below, though we highly recommend reading the full guide.

What has changed

Quite simply, when you tap “Buy”, you are purchasing crypto directly from Young Platform. The platform acts as the sole dealer: Young Platform sells to you (or buys back from you) the cryptocurrency at the price displayed on your screen.

When setting up a recurring purchase plan via Moneybox, you will be asked for prior authorisation to execute these orders. This is designed to automate and simplify the recurring purchase process.

When a recurring purchase is executed through Moneybox, Young Platform applies a 1.89% fee on the transaction value for orders exceeding €100. For a complete overview of our fees, please visit this page.

Naturally, you can edit, pause, or cancel your Moneybox plan at any time, which will apply to all future scheduled orders.

What is Recurring Staking?

Recurring Staking allows you to schedule automatic purchases of crypto (on a weekly, bi-weekly, or monthly basis). Once purchased, the crypto goes straight into your Staking Wallet — which we will cover below — to start generating rewards automatically, with no further action required from you.

As with the Moneybox, purchases made through Recurring Staking follow the Bilateral Trade model.

What has changed

Each scheduled purchase via Recurring Staking works exactly like those authorised under the Moneybox feature: you buy the crypto directly from Young Platform at the real-time calculated market price, with fees following the same structure linked above.

As soon as the purchase is complete, the crypto is instantly moved into your Staking Wallet. We discuss this in more detail in the next section, but please keep in mind that, from a legal perspective, the Staking service is governed by its own contract and is not regulated under MiCAR.

By activating the plan, you authorise both the purchase and the transfer to your Staking Wallet in advance, with all costs clearly outlined from the start. Just like the Moneybox, you can modify, pause, or cancel your plan at any time. Any changes will apply starting from the next scheduled purchase.

If you cancel one or more stakes, any funds you have already accumulated will be automatically moved back to your Main Wallet.

The Staking Wallet is not a MiCAR-regulated service

What is the Staking Wallet?

The Staking Wallet is a service on Young Platform that allows you to “stake” certain cryptocurrencies (such as Ethereum) to receive periodic rewards. Technically, when you stake, your crypto is “locked” to help support the operations of the blockchain, and in return, you earn rewards over time.

Why we want to clarify that “it is not a MiCAR service”

Simply because MiCAR does not directly regulate staking. The European regulation covers activities such as exchanging crypto-assets (Article 77), executing orders on behalf of clients (Article 78), custody (Article 75), transfers (Article 82), advice, discretionary portfolio management, and placement. Staking as a standalone service is not covered.

This leads to two key practical implications:

• MiCAR protections (such as custody asset segregation, risk disclosures, and provider requirements) apply to the underlying custody service, not to the staking service itself.
• Staking carries specific risks that are not covered by the MiCAR framework, which you should be fully aware of before activating it. These include slashing risk (where a portion of your staked crypto can be confiscated if the validator makes an error), protocol risks (for example, Lido for Ethereum), potential lock-up periods during which you cannot withdraw, and de-pegging risks for derivative tokens like wstETH (Wrapped Staked Ether).

What you need to do

If you use the Staking Wallet, please carefully read the specific Terms and Conditions of the Staking Wallet and the dedicated risk disclosures published at youngplatform.com/staking-wallet/. These are separate from Young Platform’s General MiCAR Terms and cover specific details such as:

• How rewards are calculated.
• When you will receive them.
• Which cryptocurrencies are staked and with which protocols/validators.
• How the “unstaking” (withdrawal) process works.
• What happens in the event of protocol slashing or technical issues.

In summary: The Staking Wallet is just as secure as before, but it is a distinct service from MiCAR-regulated services, governed by its own rules and risks. Please treat it as such.

Key takeaways in a nutshell

If you only remember the most practical points from this guide, make sure they are these:

1. YNG can only be bought and sold on Base, no longer on Pro.
2. Transfers to non-custodial wallets: Only to your own wallet (never to third parties, regardless of the amount). For amounts under €1,000, a self-declaration checkbox is enough; for €1,000 and above, a cryptographic signature is required. If the wallet is on another exchange, personal data is exchanged automatically via Notabene (Travel Rule).
3. Certain cryptocurrencies have been removed from the platform. If you held any of these, you have already been notified of your options.
4. Some trading pairs have changed from USDC to EUR, improving price transparency.
5. The Staking Wallet and the DeFi Wallet are not MiCAR services. They have their own rules and risks: make sure to read their dedicated disclosures.

Questions & Answers

1. Do I need to download a new app for the cryptographic signature?

No. If you already have a non-custodial wallet (such as MetaMask, Ledger, Trust Wallet, etc.), you will perform the signature directly within that wallet. If you do not have a non-custodial wallet and only want to transfer crypto to accounts on other exchanges (like Coinbase or Kraken), you do not need one: you will simply follow the “proof of account ownership” procedure.

2. Does the €1,000 limit apply to a single transfer or the total amount over a certain period?

It applies to individual transfers, in line with Young Platform’s Travel Rule Procedure. A withdrawal of €990 to your own non-custodial wallet only requires you to tick the self-declaration box; a withdrawal of €1,000 (or more) requires a cryptographic signature. Please note: systematically splitting transactions to bypass this limit may trigger additional anti-money laundering checks on your account.

3. If I place a large amount of funds into staking, am I violating any MiCAR rules?

No, staking is not prohibited. It is simply not regulated under MiCAR as a standalone service. You can continue to use it, but please ensure you understand the specific risks involved (such as slashing, lock-up periods, and protocol-specific risks).

4. Is the value of my crypto guaranteed by anyone now that MiCAR is in force?

No. MiCAR ensures transparency, fair conduct by the platform, asset custody segregation, and your right to file complaints. It does not guarantee the value of your cryptocurrencies, which remain subject to market volatility. Cryptocurrencies do not benefit from protection schemes equivalent to the Interbank Deposit Protection Fund.

5. What should I do if I have an issue with a blocked withdrawal or a signature that won’t process?

Please reach out to Customer Support at support.youngplatform.com. If you are not satisfied with the response, you can submit a formal complaint via youngplatform.com/legal/complaints/. As a last resort, you can contact Consob, Banca d’Italia, or initiate an Alternative Dispute Resolution (ADR) procedure.

6. Why are there so many checks now? It feels more complicated than before.

This is a very fair question. MiCAR was created for a simple reason: to bring crypto into a regulatory framework similar to other financial services, ensuring that anyone using a European crypto platform enjoys protections comparable to banking customers. Some checks (like the cryptographic signature for larger transfers) are the crypto equivalents of verifying an IBAN during a bank transfer. While they might feel like an extra step at first, they will soon become second nature — and they protect you just as much as they protect the platform.

This guide is for informational purposes only. It does not constitute investment advice or a personalised recommendation. For binding contractual terms, please refer to Young Platform’s General Terms and Conditions, the Crypto-Asset Transfer Policy, the Custody Policy, the Best Execution Policy, and other official disclosures published at youngplatform.com/legal.

When you open the Young Platform app or website, even though you use the same credentials (email and password) to log in to your account, you are actually faced with two different ways of buying and selling crypto. They are called Young Platform Base and Young Platform Pro. They seem like two similar products, but beneath the surface, they operate very differently — and understanding this difference helps you choose the right one for you.

The difference can be summarised as follows:

• On Base, you buy or sell directly from Young Platform, just like you would in a high street shop.
• On Pro, you ask Young Platform to look for the best offer on other markets for you, acting as your “personal shopper”.

In the rest of this guide, we explain what actually changes, what happens when you press “Buy”, what “bilateral execution” means, what the famous “Execution Policy” is, and — most importantly — which of the two modes to choose based on your needs.

The Two Modes, Explained with an Analogy

Young Platform Base = Your Trusted Local Shop

Imagine you want to buy a kilo of apples. You go to your local corner shop. The shopkeeper takes the fruit from his shelf and tells you: “A kilo of apples is €3.” You agree, pay, and walk out with your bag. The transaction is directly between you and him. There is no one else in between. If wholesale apple prices go up tomorrow, that’s the shopkeeper’s business — the price he gave you is already locked in.

How it works on Young Platform Base: when you tap “Buy Bitcoin”, Young Platform shows you a price. If you accept, you are buying Bitcoin from Young Platform. Young Platform is your counterparty: they are the ones selling to you (or buying from you) the crypto. It is the simplest, most immediate option, perfect for those who want to make quick transactions without having to think about anything else.

Technical jargon refers to this mode as “bilateral exchange” because only two parties are involved: you and Young Platform. In legal terms, it is the “service under Article 77 of MiCAR” (MiCAR being the European Markets in Crypto-Assets regulation).

Young Platform Pro = Your Personal Shopper

Now, imagine instead that you want to buy a kilo of apples at the absolute best price in town. You don’t want to trust just one shopkeeper; you want someone to go around all the markets, compare prices, and buy where it is cheapest for you. You delegate this task to an assistant. You give them instructions (“buy 1 kg of Golden Delicious apples, do not spend more than €3”). They go out, search, buy on your behalf, and bring you your shopping. If they cannot find anyone selling at that price, they return empty-handed.

How it works on Young Platform Pro: when you place an order, Young Platform does not sell you the crypto directly. Instead, it goes out to find the best available counterparty on other markets (other crypto platforms) and buys on your behalf. In this mode, Young Platform acts as an intermediary, not a seller.

In technical terms, this mode is called “execution of orders on behalf of clients” or the “service under Article 78 of MiCAR”.

What Actually Happens When You Press “Buy” or “Sell”

On Young Platform Base

1. Open the trading screen, choose the crypto and the amount (either in crypto or fiat/euros).
2. Young Platform shows you a guaranteed price for 5 seconds (30 seconds if you are buying with a card, Apple Pay/Google Pay, or using the assisted OTC channel, i.e., via phone/chat with an operator). In the industry, this is called a “firm quote”: it means a “locked-in price”, meaning that if you accept it within those 5 seconds, Young Platform is obliged to honour it.
3. Before confirming, you will see the final total price (referred to as “Total Consideration”) — which is exactly how much the transaction will cost you, including fees.
4. If you accept within 5 seconds, the transaction is complete. Your euros (or crypto) leave your account, and the crypto (or euros) enter immediately.
5. If you do not accept in time, the price expires, and a new quote (updated to reflect the current market) is generated.

The “price” you see does not appear out of thin air: Young Platform has an internal system called the Pricing Engine. It is an automated engine that monitors crypto prices across major global markets (large international crypto platforms) and adds a margin (the spread) to lock in and guarantee the price for you. The Pricing Engine always operates the same way, using predefined, clearly written rules; no human decides whether to charge you more or less. The calculation rules are detailed in a public document called the “Cryptocurrency Exchange Procedure”, which is described in the Terms and Conditions.

On Young Platform Pro

1. Open the Pro screen, choose the crypto, the quantity and — starting from 1 July 2026 — the maximum price (for buying) or minimum price (for selling) at which you want your order to be executed.
2. Your order is a Limit Order Fill-or-Kill (FOK). Let’s break down what this means in simple terms:
   • Limit Order = an order with a price limit, meaning “only execute if the price is equal to or better than the one I am specifying”.
   • Fill or Kill (FOK) = “all or nothing”. If there is sufficient supply at my price to fill the entire order, execute it immediately. If not, cancel the whole thing; I don’t want partial executions.
3. Your order goes into a Young Platform module called the Smart Order Router (“SOR”).
4. The Smart Order Router looks at all the external markets (liquidity providers) connected to Young Platform and decides where to route the order to get the best result for you. The rules it follows to make this decision are laid out in a public document called the Execution Policy (see below).
5. If the Smart Order Router immediately finds a counterparty at your price, the order is executed. If not, the order is cancelled, and your money remains exactly where it is. In trading terms, this is called a “kill” (cancellation).
6. On Pro, the price you pay is not decided by Young Platform: it is decided by the external market where the order is executed. Young Platform simply routes your order there and delivers the outcome back to you. Young Platform adds an intermediary commission (which is transparently shown in the fee schedule) to the amount paid to the external market.

In short, keep these operational rules in mind:

• Purchase: you must set a price that is equal to or higher than the current market price; otherwise, the order will be cancelled (KIL).
• Sale: you must specify a price equal to or lower than the market price to prevent the order from being cancelled (KIL).

Detailed Fee Calculation

On Young Platform Base

The amount you enter always represents the gross value you wish to spend or the net value you wish to receive.

Specifically:

• In the case of a purchase in EUR, the fee is deducted from the amount entered.
• For a purchase with a crypto amount (e.g. BTC), the fee in EUR is added to the required total.
• If a sale is set for an amount in EUR, the fee is applied to ensure you receive exactly the desired amount.
• In a sale with a crypto amount (e.g. BTC), the fee is deducted from the proceeds of the sale.

On Young Platform Pro

For Pro, the system operates based on the so-called “left-hand currency” (the cryptocurrency of the trading pair):

• Buy Transaction: the intermediary commission is added to the transaction value. The total cost charged will therefore be calculated as (quantity * execution price) + commission. This ensures that the requested quantity of crypto is purchased in full, with the service cost added to the total in EUR.
• Sell Transaction: The commission is deducted from the gross proceeds obtained from the trade. The net amount you receive in your wallet will be calculated as: (quantity * execution price) – commission.

Meaning of “Execution Policy”

Although it may seem complex, the Execution Policy is simply the internal set of regulations that guides Young Platform in choosing the most suitable market to execute orders on the Pro platform. Using the personal shopper analogy: it is the set of instructions you give to the person buying on your behalf.

Therefore, the Execution Policy is the regulatory framework Young Platform sets for itself to decide where to execute your order on Pro. Going back to our shopping assistant analogy: when you commission someone to buy for you, you want them to follow specific rules so you don’t get any surprises. For example:

• “Go where it’s cheapest first.”
• “But if the cheapest shop is closed for half an hour a day, it’s better to go to a reliable one that is always open.”
• “If you need to buy 10 kg, go to a supermarket that definitely has it in stock, not a small shop that might only have 2 kg.”

Young Platform’s Execution Policy is the formal, written version of these rules. The European MiCAR regulation requires anyone performing execution on behalf of clients to have a written Execution Policy and specifies which factors must be considered when deciding where to send the order. These are called “Best Execution factors” and are:

• Price: where it costs less (or yields more, if you are selling).
• Total costs: not just the price, but also commissions and ancillary costs.
• Speed of execution: how quickly the order is completed.
• Likelihood of execution and settlement: how likely it is that the order will actually be completed and the crypto will reach its destination.
• Size of the order: buying a fraction versus a massive amount is not the same; the best market can change.
• Nature of the order: certain unique orders require specific markets.

Young Platform weighs these factors based on a public hierarchy of importance it has established. You can view it here: youngplatform.com/en/legal/best-execution-policy/.

Note: The Execution Policy only applies to Pro (because on Pro, Young Platform acts as an intermediary). There is no Execution Policy on Base, because Young Platform is your direct counterparty and the price is set by the Pricing Engine — which follows a different methodology.

Common Technical Terms, Translated into Plain English

Base or Pro: Which to Choose?

Choose Young Platform Base if…

• You are new to crypto and want something straightforward.
• You care more about price certainty than finding the absolute best price.
• You make small to medium-sized transactions (from a few euros to a few thousand) without recurring thresholds.
• You don’t want to worry about “where” your order is being executed: you just want to know how much you are paying and how much you are receiving.
• You prefer to know the exact cost of the transaction upfront, before pressing “Confirm”.

Choose Young Platform Pro if…

• You have some experience and want to see what price the market can offer you in real-time.
• You want to set a maximum (or minimum) price and avoid having your order executed if it is not reached.
• You make larger transactions and want Young Platform to seek out the best external counterparty for you.
• You are willing to accept that your order might be completely cancelled if it does not find an immediate counterparty at your price (the risk of the Fill or Kill mode).

A Special Case: OTC Desk

If you need to make a large transaction (typically over €20,000) and want a pre-determined price agreed upon with a human operator, there is the OTC Desk channel. It works like this: you call (or write in an authenticated chat) a Young Platform operator, explain what you want to do, the operator sends you a firm quote valid for 30 seconds, you accept (or reject) it, and the transaction is complete. Technically, this remains a bilateral exchange just like Base, but with dedicated assistance.

What Happens to Your Crypto: Custody

Whether you operate on Base or Pro, the crypto in your account always remains in the same digital vaults at Young Platform. This service is called custody and is governed by Article 75 of the MiCAR regulation.

The main rules are:

• Segregation: your crypto is kept separate from Young Platform’s own assets. If Young Platform were to face financial difficulties tomorrow, your crypto would not end up in the creditors’ pool: it is yours, plain and simple.
• Internal Ledger: there is an accounting register that tracks exactly what belongs to each client. Every time you buy or sell, the register updates.
• Secure Tech Wallets: crypto is stored using specific technologies (fractional keys, specialised tech custodians) to protect it from cyber theft.

Please note — highly important: custody does not eliminate market risks. Crypto values can rise or fall by 50% or more in a single day. Custody means your crypto is physically/digitally secure, not that its value is guaranteed.

Frequently Asked Questions

1. If I buy Bitcoin on Base, who sells me the Bitcoin? Young Platform sells them to you. They are your contractual counterparty. The BTC you receive are taken from Young Platform’s “warehouse” (inventory).

2. If I buy Bitcoin on Pro, who sells me the Bitcoin? An external market (another platform) sells them to you. Young Platform acts solely as an intermediary: it takes your order, routes it to the market chosen according to its Execution Policy, and delivers the BTC back to you.

3. What happens if I place an order on Pro and nobody wants to sell at my price? The order is cancelled in its entirety (the “Kill” in Fill or Kill). Your funds remain untouched in your account, and you can try again with a different price.

4. What is the “chart” I see on Pro if the internal Order Book no longer exists? The chart shows historical crypto prices across the main external markets (liquidity providers) to which Young Platform connects. It is for informational purposes only: it helps you decide at what price to place your Limit Order.

5. If I have a problem, who do I talk to? Young Platform’s Customer Service, which you can reach at support.youngplatform.com/hc/en-us. If you are not satisfied with their response, you can submit a formal complaint via the process outlined at youngplatform.com/en/legal/complaints/. As a last resort, you can contact the Italian supervisory authorities (Consob and the Bank of Italy).

6. Are my crypto-assets guaranteed like bank deposits? No. Crypto-assets are not covered by the Interbank Deposit Protection Fund (which protects bank accounts up to €100,000) or the National Guarantee Fund (which protects financial security, investors). The European MiCAR regulation requires all authorised platforms to state this clearly. This does not mean your crypto is less protected from theft or Young Platform’s insolvency — custody with segregation protects you from that. It means no one guarantees the value of the crypto: if it drops, it drops. It is important to highlight, however, that Young Platform has taken out targeted insurance policies designed both to protect against cybersecurity risks and to safeguard the assets held in custody.

Key Takeaways Before You Begin

• On Base, your counterparty is Young Platform. You get a guaranteed price before confirming.
• On Pro, Young Platform acts as an intermediary to external markets (liquidity providers). You specify the price (Limit), and if no counterparty is found at your price, the order is cancelled.
• The Execution Policy is the set of regulations Young Platform follows on Pro to choose where to route your orders. It is public.
• Your crypto is held separately from Young Platform’s funds (accounting segregation). It is safe from YP’s corporate issues, but not from market risk (crashes, volatility).
• Crypto is not guaranteed like bank deposits or traditional financial investments.
• If you don’t understand something, stop: read the official documentation, contact Customer Support, and do not press “Confirm” without understanding what you are signing.

This guide is for informational purposes only. It does not constitute investment advice or a personalised recommendation. For the complete and legally binding contractual conditions, please refer to the General Terms and Conditions of Young Platform published at youngplatform.com/legal.