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Cryptocurrencies in business services. Opportunities and challenges for companies.

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Discover how Young Platform can enhance your business through cryptocurrencies. Explore our range of business services.

Businesses are rapidly adopting Bitcoin and other cryptocurrencies. Merchants, large corporations, and institutions are embracing these digital assets for various reasons, including investment opportunities, operational optimization, and direct customer engagement.

Businesses range from small merchants accepting cryptocurrency payments to large corporations integrating Bitcoin into their treasury operations to hedge against inflation and economic instability, taking advantage of this scarce, anti-inflationary asset. Furthermore, thanks to specialized service providers, cryptocurrency can now be used to purchase various goods and services, including cars, houses, airline tickets, groceries, and much more.

Innovation is thriving in various sectors, especially in sports. Organizations like the NBA and football teams such as Juventus are utilizing tokens to engage with their fans, providing opportunities for them to vote and interact with the club. Meanwhile, asset tokenization is transforming industries like real estate and art, creating new investment avenues.

Cryptocurrencies represent a new frontier in digitizing value, offering exceptional opportunities across multiple fields. Companies like Young Platform, a Turin-based cryptocurrency exchange, have created customized B2B services designed to help businesses, institutions, and non-profit organizations maximize the advantages of the crypto market. These services include strategic investments, payment optimization, and effective fundraising tools.

This article will explore how your company can integrate cryptocurrencies into its business strategy, taking advantage of opportunities while addressing any challenges with a clear and prepared vision. To successfully navigate this new era, companies should consider three fundamental questions:

1. What benefits can cryptocurrencies bring to my company?

2. Why do we want to adopt cryptocurrencies?

3. What factors must we consider to ensure a safe and effective implementation?

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What can cryptocurrencies do for my company?

Adopting cryptocurrencies can provide significant advantages and create new opportunities for your company. Firstly, cryptocurrency users tend to belong to a cutting-edge demographic: they are tech-savvy, innovation-focused individuals who typically have above-average disposable income. This target audience, which favors premium and luxury services, presents an appealing niche for companies seeking to position themselves as innovative and forward-thinking.

Moreover, embracing cryptocurrencies is a strategic move to attract this audience and aligns your company with a European context where central bank digital currencies (CBDCs) are developing. Currently in the testing phase, these instruments could become integral to the digital economy in the coming years. Thus, adopting cryptocurrencies is a proactive step towards an already unfolding future.

Cryptocurrencies offer innovative features and serve as a promising investment option, providing a digital liquidity alternative. They present opportunities to enhance traditional treasury functions, particularly international money transfers, which often incur high costs and lengthy processing times. Utilizing cryptocurrencies can significantly reduce these inefficiencies, allowing for better management of corporate capital and helping to mitigate the risks posed by inflation, which can erode cash value over time.

The long-term investment potential of cryptocurrencies is evident, especially considering Bitcoin’s exponential growth. Bitcoin has achieved remarkable peaks in recent years, solidifying its status as a valuable asset.

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Three key aspects of integrating cryptocurrencies into business

If your company plans to incorporate cryptocurrencies into its business strategy, you must consider three key elements:

Long-term perspective

Cryptocurrencies are characterized by their volatility, which can pose significant risks in the short term. Therefore, it is advisable to view them as long-term investments, enabling more thoughtful decisions and reducing exposure to sudden fluctuations.

Regulation and compliance

Adopting cryptocurrencies necessitates careful consideration of European and tax regulations. For instance, the Markets in Crypto-Assets (MiCA) regulations oversee the cryptocurrency market, while Italy’s 2023 Budget Law addresses the taxation of capital gains from such investments. Understanding and complying with these regulations is crucial to avoid potential legal or tax problems.

What is MiCA, and what does the European regulation mean for crypto?

Transaction optimization

Cryptocurrencies provide exceptional efficiency for business-to-business transactions. Their decentralized nature allows for a significant reduction in transaction costs—up to 5,000 times lower—and greatly enhances execution speed—up to 430,000 times faster. This makes them an ideal option for conducting business transactions globally.

Enabling cryptocurrency payments: the ‘Hands-Off’ approach

Why do we want to adopt cryptocurrencies? 

Many companies adopt cryptocurrencies primarily to facilitate payments without directly managing digital assets. This ‘hands-off’ approach involves automatically converting received cryptocurrencies into fiat currency through a specialized B2B service provider, allowing companies to keep cryptocurrencies off their corporate balance sheets.

By adopting this model, which utilizes cryptocurrencies such as stablecoins (pegged 1:1 to the value of the euro and dollar) or layer two solutions, businesses can quickly enter the world of digital assets. This strategy enables companies to accept cryptocurrency payments, reach new customer segments, and increase transaction volume without significantly changing their operational structures or directly handling the technical complexities associated with cryptocurrencies.

Because cryptocurrencies are converted into fiat currency immediately, they do not appear on the company’s financial statements. This method simplifies tax matters and reduces exposure to the cryptocurrency market’s volatility. 

Third-party providers, such as Young Platform, handle conversions, payments, and technical and compliance issues. These include adhering to anti-money laundering (AML) regulations and customer verification (KYC) procedures when opening a Business Wallet for your company. While the company can delegate these tasks, it must still comply with current regulations.

Read more on this topic:

Download the payments report

Integrating cryptocurrencies into the Treasury 

When a company goes beyond merely enabling cryptocurrency payments, it can implement more advanced strategies to incorporate digital assets into its operations and treasury management. These strategies may include accepting cryptocurrency payments without automatically converting them to fiat currency or allocating a portion of the corporate treasury to cryptocurrencies like Bitcoin.

Bitcoin, the first cryptocurrency, has been one of the best-performing assets of the past decade. It has also shown remarkable resilience during economic crises, such as the COVID-19 pandemic. Using cryptocurrencies as a reserve in the treasury has become a popular strategy to combat the effects of long-term inflation. 

For example, in the past 10 years, Apple has lost $15 billion due to inflation—an issue that assets like Bitcoin could help alleviate.

Treasury Management

Cryptocurrencies held for treasury purposes are managed through digital wallets (business wallets), which require a robust structure to ensure security and accessibility. 

1. Hot Wallet: This type of wallet is used for everyday transactions, providing quick access to cryptocurrencies.

2. Cold Wallet: This wallet is utilized for long-term holdings and protects assets by keeping them offline, offering greater security.

Young Platform employs Fireblocks, one of the most advanced and trusted custody platforms globally, for its custody services. By adopting a multi-layered structure that combines hot wallets for daily transactions with cold wallets for long-term custody, Young Platform ensures optimal protection against potential threats. Additionally, it follows a one-to-one custody model, guaranteeing that customers’ cryptocurrencies are never lent out or used for other purposes.

Tax and compliance aspects

Adopting cryptocurrencies comes with fiscal responsibilities that need to be managed effectively. To assist with these complex issues, third-party providers like Young Platform offer tailored support to business customers looking to integrate cryptocurrencies into their operations. Each business is assigned a personal account manager who helps develop and implement a customized strategy from the options available in our B2B Hub. This includes managing cryptocurrency payments, either by holding them as digital assets or converting them automatically into fiat currency.

Additionally, the account manager helps create a long-term treasury strategy, which is valuable for optimizing the management of digital assets and achieving specific financial goals. 

Young Platform also features an integrated tax hub that provides all the necessary documentation for tax reporting and offers personalized advice from experienced accountants in the cryptocurrency sector. This service ensures compliance with current regulations and minimizes companies’ risks and operational challenges.

For more on this topic:

Download the treasury report

From Peer-to-Peer Value to Decentralised Finance

Cryptocurrencies represent a significant revolution by enabling peer-to-peer value transfers without intermediaries. This unique feature naturally led to their initial application in finance, resulting in a complex and dynamic market known as Decentralized Finance (DeFi).

Within the DeFi space, users can access services that were once exclusive to the traditional financial system, such as earning interest, taking out loans, and managing wealth. These transactions occur through decentralized protocols, using blockchain technology to ensure transparency, security, and automation—all without the involvement of central institutions.

Third-party providers have intuitive infrastructures and user-friendly interfaces for companies looking to explore DeFi securely and straightforwardly. These tools enable even those without technical expertise to access DeFi services without navigating the complexities of the underlying protocols.

One example of this is staking services, which provide companies with an easy way to convert passive resources into productive assets and create new streams of passive income.

What is Staking?

Staking, in its simplest form, involves locking cryptocurrencies in a protocol to help support the network. This process contributes to the security and validation of transactions while allowing the cryptocurrencies to remain the user’s or company’s property. During the staking period, these assets are temporarily unavailable for other transactions.

Participants are incentivized to stake their cryptocurrencies through periodic rewards, similar to earning interest. The Annual Percentage Yield (APY) can vary widely depending on the protocol, ranging from 3% to over 20%. 

Another advantage of staking on Young Platform is flexibility. If liquidity is needed, the release time for staked assets is relatively short, typically between 3 to 20 days.

Ethereum is a particularly popular example of staking, the second largest and most established cryptocurrency after Bitcoin. Ethereum also serves as the foundation for Decentralized Finance (DeFi), which is why many companies focus their staking projects on this asset.

For more on this topic:

Download the staking report

Planning cryptocurrency implementation: a strategic approach

What aspects must we consider to do this safely and effectively?

Integrating cryptocurrencies into business operations requires a clear and structured implementation plan, like any technological innovation. This process not only initiates organizational and operational changes but also necessitates a shift in mindset within the company.

To create an effective strategy, the implementation plan must address several key questions:

  • What short- and long-term goals do you want to achieve?
  • Will the company limit itself to using cryptocurrencies for payments, or will it adopt a broader strategy?
  • What internal and external collaborations are essential for success?
  • Do current decisions allow for broader adoption of cryptocurrencies in the future?
  • How will you integrate the security needs of the crypto ecosystem with existing corporate cybersecurity policies?
  • What additional resources will be required beyond those currently available?
  • What new skills or tools need to be introduced?
  • How will the implementation roadmap be structured?
  • What processes will be used to monitor progress, transaction execution, and supplier performance?

Before committing to full implementation, many companies choose to conduct a ‘pilot project,’ similar to how they would approach a new technology.

A practical example of cryptocurrency adoption is an internal pilot project managed by the Treasury Department, which oversees the company’s and its subsidiaries internal financing. The process may include:

1. The initial purchase of cryptocurrencies.

2. The use of these resources for peripheral payments.

3. Monitoring transactions, from payment to receipt and revaluation of assets.

This pilot project helps identify opportunities and challenges as a contrasting medium, highlighting the potential benefits and operational difficulties of adopting cryptocurrencies.

The Importance of Training

Team training is essential for the success of any project, regardless of its scale. While many market solutions are designed to be user-friendly, having a basic understanding of the industry enhances the management of digital resources and helps identify new business models.

Young Platform provides B2B training services that assist companies in implementing customized strategies to leverage blockchain technology’s potential. 

Our offerings include:

  • Tailored Courses: E-learning modules that provide a comprehensive sector overview, including current regulations.
  • Vertical Workshops: Specialized training sessions to develop specific skills for dedicated teams, such as legal, tax, or technology.
  • B2B2C Pathways: Targeted training solutions for customers to optimize their use of business services and promote greater adoption.

For more on this topic:

  • Why include blockchain in corporate training

Download the training report

A well-planned implementation of cryptocurrencies can significantly transform business operations, but it requires a thoughtful strategy and a step-by-step approach. By experimenting with a pilot project, investing in team training, and collaborating with experienced providers, you can effectively navigate the challenges and capitalize on the opportunities presented by this innovation. Please contact your account manager to learn which business services best meet your needs.

You might be interested in:

  • Crowdfunding in crypto: all the advantages and how to do it
  • Corporate welfare: what is it and how does it work?

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Bot Only Euro: the solution for accepting crypto payments without tax impacts

Young Platform introduces Bot Only Euro (BOE), an innovative service designed for companies that want to accept cryptocurrency payments without dealing with management complexities. With BOE, cryptocurrencies received are automatically converted into euros, simplifying accounting and minimizing volatility risks.

The growth of digital and international payments

Europe remains a world leader in the overall volume of digital B2B transactions, driven by the adoption of advanced technologies in international payments. However, traditional banking systems often need to improve their speed and cost.

Blockchains for cross-border payments offer an extraordinarily convenient alternative, with costs up to 5,000 times lower than traditional methods and speeds up to 432,000 times faster. Using stablecoins – digital currencies pegged to the value of conventional currencies such as the euro – also guarantees stability and security, eliminating the volatility of classic cryptocurrencies.

Why are stablecoins crucial?

Stablecoins are distinguished from other cryptocurrencies by their stability. For example, 1 USDC equals 1 dollar, while other stablecoins replicate the euro’s value. They are ideal for international payments, making transactions cheaper, faster and more transparent. This makes them perfect for:

  • Cross-border payments without high costs or bank delays.
  • International trade, where unfavourable exchange rates can be an obstacle.
  • Payments in crypto are for NFT purchases, royalties, or digital services.

Bot Only Euro: convert crypto to Euro automatically

Accepting payments in crypto represents a unique opportunity for companies in all sectors, especially in areas such as import-export, where cryptocurrencies can overcome the inefficiencies of traditional banking systems.

Young Platform’s BOE service makes this easier:

  • Automatic conversion: every payment received in cryptocurrencies is converted into euros at the market rate in real time.
  • Flexibility: companies can select which cryptocurrencies to convert or keep in their wallet.
  • Tax stability: The immediate conversion generates no capital gains or losses, thus avoiding additional tax implications.
  • Simplified operation: no more manual crypto sales transactions.

Download the Payments Report

Blockchain payments and speed with Layer 2

Thanks to Layer 2s, such as the Lightning Network, blockchain payments become even faster and more scalable. These systems are ideal for:

  • International remittances with minimal costs.
  • Cross-border B2B payments, ensuring security and scalability.
  • Global micro-payments, where speed is of the essence.

Blockchain payments guarantee traceability, transparency and security that surpass traditional banking systems.

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The Importance of the BOE for Companies

There are numerous businesses to which the Bot Only Euro is dedicated; just think of import-export. Accepting Bitcoin and other virtual currencies can make foreign trade cheaper. For example, suppose a partner company is based in a non-European country where the currency has an inconvenient exchange rate or whose banking system is inefficient. In that case, payment on the blockchain can circumvent these obstacles.

Companies that choose to accept cryptocurrency payments can reap numerous benefits:

  1. Access to a growing market: The adoption of crypto as a payment method is continuously expanding and is driven by customer demand.
  2. Efficiency in international payments: overcoming the limitations of traditional banking circuits, especially in countries with poorly performing financial systems.
  3. Support for Web3 innovations, such as NFTs, represents a new revenue and digital identity frontier.

The case of NFTs

In 2020, the trend of Non-Fungible Tokens, blockchain-based digital objects that can represent works of art, collectables, or certificates, exploded. Thus, many brands and artists, from fashion houses to singers to video games, have started to create their own collections; these tokens have become a must for brands’ brand identity.

NFTs are usually purchased with cryptocurrencies, which go to the author, i.e., in this case, the company or artist. In addition, they can generate royalties, as they secure the copyright on the blockchain and the corresponding remuneration for the use of the work.

Consequently, any company that issued one or more NFTs could receive cryptocurrency payments and revenues.

How to activate the Bot Only Euro?

Activating the BOE service is simple. To get started, you need to open a Business Account on Young Platform, which allows companies to:

  • Receive cryptocurrencies directly into the corporate wallet.
  • Convert them automatically into euros, simplifying cash management.

To receive cryptocurrency payments on the Young Platform account, any company can simply share its wallet address with the customer. 

Contact the dedicated business services team to discover all the benefits and activate Bot Only Euro. Write to [email protected] and start turning crypto payments into an opportunity for your business now!

Visit the page dedicated to companies, start-ups, non-profit organisations and institutional clients.

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DeepSeek: the Chinese AI that crashed the market

The market collapsed following the launch of the R1 version of DeepSeek, an artificial intelligence developed by a Chinese company. What happened?

Over the past few hours, the markets—particularly the NASDAQ (the index of major technology stocks) and the cryptocurrency index—have fallen sharply. Many analysts believe this reaction is due to the launch of the R1 version of DeepSeek, an artificial intelligence system based on language models similar to Chat GPT.

In particular, the speed with which DeepSeek was developed and its extremely low cost caused a stir, especially considering that the model is free and open-source. According to its developers’ statements, the realisation of DeepSeek R1 required only USD 6 million and two months of work.

DeepSeek: a threat to the United States?

What is the leading cause for concern related to this innovation in artificial intelligence, which has contributed to the recent collapse of technology stocks? It is quickly said: DeepSeek seems to work very well, and the costs to develop it are negligible compared to those incurred, for instance, by Google to ‘train’ Gemini ($191 million) or by OpenAI to release Chat GPT 5 (between $1.7 and $2.5 billion). This disparity doubts the robustness of AI-related stocks’ impressive growth.

The most commonly discussed hypothesis—though it should be cautiously approached is that DeepSeek could revolutionize the artificial intelligence market and significantly reduce the demand for specific hardware components. This could potentially lead to a wave of panic selling. Conversely, some argue that this is merely a narrative, a typical ‘catalyst’ used to explain movements that are actually part of normal market fluctuations.

What about the crypto market?

Cryptocurrencies experienced a decline for two primary reasons. First, there is a notable correlation between the stock market and the crypto market: when one market falls, it often pulls the other down as well. Additionally, some analysts believe that macroeconomic factors are at play. For instance, during the Federal Open Market Committee (FOMC) meeting on January 29, interest rates could remain unchanged or even be increased despite the new president, Donald Trump, advocating for a reduction.

The market and price movements

The Nasdaq index experienced a correction of nearly 4% before the market opened, while NVIDIA stock plummeted over 14% in pre-market trading before recovering slightly at the start of the trading session.

In terms of cryptocurrencies, Bitcoin fell below the significant psychological threshold of $100,000, a level considered crucial support by some analysts, but then recovered. Overall ,sentiment regarding the leading cryptocurrency appears steady. Prominent analysts, including Arthur Hayes, continue to predict a price target for Bitcoin between $180,000 and $250,000 during this bull market. Additionally, it’s worth noting that February has historically been a strong month for cryptocurrencies, with Bitcoin typically averaging a performance increase of around 15%.

Buy Bitcoin!

DeepSeek is not a ‘black swan’

Despite the scaremongering and scapegoating regarding the recent drop in prices, many experts believe that DeepSeek should not be considered a ‘black swan.‘ By definition, a black swan refers to unpredictable and disruptive events—such as wars, pandemics, or the unexpected collapse of key sectors or players—that can radically alter markets for a prolonged period. For example, the black swans of the last cycle were the collapse of the Earth-Moon ecosystem and the failure of the centralized exchange FTX.

In the case of DeepSeek, however, we are dealing with an innovation that, while interesting, is likely already reflected in market prices. This is especially true at a time when artificial intelligence is at the forefront of media and financial discussions. When everyone is warning about a potential bubble, it suggests that the information is already widely known and, therefore, largely anticipated.

As several analysts note on social media, a narrative is often constructed to justify periods of panic or sudden sell-offs. Without concrete evidence of a widespread collapse, the current market correction may merely be a technical adjustment within an overall bullish trend. Focusing on fundamentals and long-term prospects is the most prudent strategy in a market known for its volatility, helping investors avoid being swayed by extreme assumptions or temporary ‘noise.’

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5 things you don’t know about Donald Trump

Donald Trump: 5 Things You Don't Know

Donald Trump is once again the President of the United States. His life encompasses politics, business, and entertainment, revealing aspects you may not know. Discover five interesting facts that make him unique.

On January 20, Donald Trump officially became the 47th president of the United States. He joined Stephen Grover Cleveland, who is the only other person in history to hold the presidency for two non-consecutive terms (in 1885 and 1893). This fact is just one of many interesting facets surrounding the new occupant of the White House.

This leads us to ask: How well do we really know Donald Trump? His well-known ‘rants’ directed at the media and journalists may seem extreme, but they are not as outrageous as they might appear. Trump’s business and political career has been shaped by his often amusing yet undeniably effective communication style. Here are five things about Donald Trump that you probably don’t know:

1. His empire on Coney Island

A portion of Donald Trump’s wealth comes from his father, Fred Trump, who established a modest real estate empire on Coney Island, a peninsula and neighbourhood in southern New York famous for its amusement parks and entertainment options. The apartments built by Donald Trump’s father in the post-war era played a vital role in the current U.S. president’s career, as he secured numerous loans using those apartments as collateral.

2. He invented a spokesman

You may not realize it, but part of Donald Trump’s success comes from his early understanding of the importance of reputation and media presence. To ensure he was constantly in the newspapers and on TV, Trump even created a fictitious spokesman named Barron—an homage to the name he later gave to his son with Melania Trump.

Specifically, he would call newspapers while pretending to be this spokesman, Barron, to share scoops, news, and statements about himself. In essence, he effectively controlled his media narrative and was able to shape public opinion with his own words.

3. He has his star on the Walk of Fame

One of the five things you may not know about Donald Trump is that he has a star on the Hollywood Walk of Fame. He was awarded this honour in 2007 for his contributions to the entertainment industry through the reality show The Apprentice, which established him as an iconic television figure. However, his star has frequently been the centre of controversy and vandalism, particularly during his presidency.

4. He was a regular in the WWE

Before becoming president, Donald Trump made notable appearances in professional wrestling. In 2007, he participated in a WWE storyline that culminated in a memorable scene at WrestleMania 23, where he shaved the head of owner Vince McMahon after winning a match. This event showcased Trump’s eccentric and self-deprecating side and further solidified his presence in the entertainment industry.

5. Marla Maples: ‘The best s**** I have ever done’

The subtitle introducing the last of the five trivia facts you might not know about Donald Trump is certainly reprehensible. It highlights the unique relationship between Donald Trump and the media, particularly newspapers.

The phrase in the headline first appeared in the New York Post on February 16, 1990, shortly after the newspaper revealed Donald Trump’s extramarital affair with Marla Maples, while he was still married to Ivana Trump. It remains unclear whether Trump actually said the phrase, but it seems he encouraged the newspaper to publish it, showcasing his skill in leveraging media coverage to his advantage.Following this, many Americans came to believe that Donald Trump was an incredibly passionate lover. While it is unlikely that this perception significantly benefited his business dealings, it is worth noting that, as the President of the United States has remarked, reputationis everything.

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Important Updates on USDT, DAI, and PAXG: What’s Changing on Young Platform?

Update on USDT, DAI, and PAXG

Changes Following MiCA Regulations

With the introduction of the Markets in Crypto-Assets (MiCA) regulation, we have made several adjustments concerning stablecoins to ensure compliance with European regulations.

Starting from January 31, 2025, deposits and purchases of USDT, DAI, and PAXG will be suspended. These cryptocurrencies must be either withdrawn from our platform or sold by April 1, 2025.

Additionally, we have made changes to the Moneyboxes Vaults and added new trading pairs. Here’s everything you need to know.

Suspension of USDT, DAI, and PAXG Purchases and Deposits

Starting January 31, 2025, users will no longer be able to purchase or deposit USDT, PAXG and DAI on the Young Platform due to non-compliance with MiCA regulations. 

However, if you currently hold these stablecoins, you will have until March 31, 2025, to sell or withdraw them from the platform. 

After April 1, 2025, all selling and withdrawal operations for USDT, PAXG, and DAI will be permanently disabled. We strongly recommend that you close any positions and withdraw your funds from the Young Platform before this deadline.

Cancellation of Open Orders

All active STOP MARKET, STOP LIMIT, and LIMIT orders on the following pairs will be cancelled.

Buy Orders Affected:

  • PAXG-BTC
  • PAXG-EUR
  • USDT-EUR
  • DAI-EUR

Sell Orders Affected:

  • 1INCH-USDT
  • AVAX-USDT
  • BTC-USDT
  • DOGE-USDT
  • DOT-USDT
  • ENJ-USDT
  • ETH-DAI
  • ETH-USDT
  • GRT-USDT
  • LINK-USDT
  • LTC-USDT
  • METIS-USDT
  • MKR-USDT
  • OP-USDT
  • SAND-USDT
  • SOL-USDT
  • SUSHI-USDT
  • TON-USDT
  • WLD-USDT
  • ZK-USDT

Changes to Currency Operations

USDT & DAI:

  • Selling orders from USDT/DAI to Euro will remain active.
  • Buying orders from Euro to USDT/DAI will be disabled.
  • Swaps from USDT/DAI to another cryptocurrency will remain active.
  • Swaps from any cryptocurrency to USDT/DAI will be disabled.

PAX Gold (PAXG):

  • Can still be exchanged for Bitcoin (BTC).
  • Can still be sold for Euro (EUR).

Changes to Moneyboxes Vaults

All PAXG Moneyboxes Vaults and recurring purchases of PAXG, both individual and customized, will be deactivated. Any funds in these Moneyboxes Vaults will automatically be credited to the user’s Main Wallet.

New Trading Pairs Available

To enhance your trading experience, we have introduced new MiCA-compliant markets using USD Coin (USDC) and Euro (EUR):

  • TON-USDC
  • ZK-USDC
  • WLD-USDC
  • ENS-USDC
  • MKR-EUR
  • SUSHI-EUR
  • 1INCH-EUR
  • ENJ-EUR

Stay tuned to our Blog for the latest updates on cryptocurrency regulations.


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Token YNG: Q4 2024 Report

Token Young (YNG): updates and news Q4 2024

The Q4 2024 report on the YNG token. What happened during this eventful year full of new developments? What are the following steps to take?

What happened in the last quarter? What objectives were achieved in 2024? What does 2025 hold for us—a crucial year for our future? How many YNG tokens were issued, bought, and sold, and what next steps should we take?

2025 will be a pivotal year

Before exploring the Young (YNG) token, the Clubs, and our ecosystem, it’s essential to clarify a few key points. We are entering the era of Composable Finance, a transformative period in which modularity and decentralisation are reshaping the financial system to be more inclusive, transparent, and flexible. Young Platform is well-suited to this landscape, as we have always aimed to simplify the crypto market for everyone, breaking down barriers and providing increasingly innovative and secure tools.

As mentioned earlier, our primary goal for 2025 is to establish ourselves as a crypto bank—a digital hub that combines the best of traditional finance (TradFi) and decentralised finance (DeFi).

Young Platform Club Numbers – Q4 2024

YNG is Young Platform’s utility token. It grants access to Clubs, subscription plans that offer exclusive benefits on our crypto services, and a curated selection of brands designed to enhance every aspect of life.

Currently, the Clubs consist of 1,882 members, distributed as follows:

  • 1,276 in Bronze Club (+8%)
  • 275 in Silver Club (+22%)
  • 169 in Gold Club (+29%)
  • 162 in Platinum Club (+22%)

Club Pricing: The New Model Comes into Effect

Users must purchase and lock a specific amount of YNG to join a Club on the Young Platform’s exchange. This amount has been permanently fixed until now, but as of today, February 4, 2025, it will become variable. This change aims to create a better balance between supply and demand, providing users greater flexibility. This report provides all the details regarding the new Club rebalancing mechanism.

Membership Growth in January 2025

The number of registered members is a crucial metric for analysing token distribution. As more people join the Club, more YNG tokens are locked, reducing the circulating supply. This dynamic contributes to YNG’s excellent price stability.

Club membership has increased compared to the previous quarter, likely due to the announcement of the 2025 Roadmap and the recently implemented rebalancing mechanism for the number of YNG required to join.

Starting today, the fee discount for new Platinum Club members who join the loyalty program will be 90% instead of the previous 100%. However, this change does not affect existing members whose terms and conditions remain unchanged.

As of the end of Q3 2024, club membership reached 1,659, reflecting an approximate growth of 13%, a rate not seen in the past two years. Additionally, it is encouraging to note that the most exclusive clubs, Gold and Platinum, experienced growth rates of 29% and 22%, respectively.

YNG Token Distribution

In October, the circulating supply of YNG tokens was approximately 23.7 million. By January, this figure had risen to 23.9 million, marking a net increase of around 107,587 tokens, or +0.8%.

The tokens were distributed through various mechanisms:

  • 19,281 tokens were allocated for completing Quizzes, Challenges, and the Up&Down feature (before the Levels introduction).
  • 43,797 tokens were earned by completing Levels.
  • 44,509 tokens were distributed through the Staking feature.

The YNG token market is managed by an algorithm that determines the exchange rate based on two underlying liquidity pools denominated in EUR and YNG. At launch in May 2022, these pools contained:

  • 1 million euros
  • 4 million YNG

Taking into account token purchases and sales over the past few months, by the end of December 2024, the pools contained:

  • 676,750 euros
  • 6.27 million YNG

This configuration reflects the buying and selling activity during Q3, summarised below, along with price trends.

Token Young (YNG): updates and news Q4 2024

What happened in 2024 from a tokenomics perspective?

The token issuance mechanisms already changed in 2023 with the Step 3.0 update and, more recently, with the introduction of Staking.

The current number of YNG issued has risen by 57% compared to the 68,000 issued during the third quarter of 2024. This growth, particularly in relation to the overall increase in Club membership, is a positive indicator. It suggests that users have valued the improved Staking APY. This reinforces the effectiveness of our incentive strategy, which we intend to apply to upcoming features.

It is important to note that YNG’s launch on the decentralised market will accompany a comprehensive restructuring of its tokenomics, which is already underway. As mentioned in the introduction about the “cost” of joining Clubs, the new features we are implementing will offer token rewards in Young (YNG) exclusively for Club members, following a staking model.

The current situation allows us to calculate the amount of YNG available for sale, considering the tokens locked within the Clubs. Approximately 10.2 million YNG are locked in our loyalty programs, representing just under half of the circulating supply. Meanwhile, the amount available for sale is around 13.7 million YNG.

We are confident that our announcements in the coming weeks will further drive Club membership growth. We aim to integrate loyalty programs—and, by extension, our token—more centrally into the ecosystem.

Token Young (YNG): updates and news Q4 2024

The Price of YNG

Let’s analyse Young (YNG) ‘s performance over the past few months. While the most significant phase of YNG’s recent price surge began in early 2025, we have included this in our report because price movements influence strategic decisions, particularly regarding YNG’s listing on the decentralised market.

At the beginning of December, YNG’s price was around €0.095. This was followed by a gradual increase in buying pressure, initially mild but progressively stronger. Following the release of the roadmap video on December 17 and the start of January, trading volume increased, leading to more robust daily and weekly performance.

🔗 View the tweet

On January 18, the announcement of the new Club price rebalancing model gave the market an additional boost. As a result, YNG’s price skyrocketed from around €0.12 to a new all-time high of approximately €0.28, marking a remarkable increase of 158%, with 15 consecutive days of gains.

Following its peak, the token underwent a natural correction, settling around €0.22 due to increased selling pressure. This price retracement was generally anticipated, as it had been advantageous to join the Clubs while YNG was priced below the €0.24 threshold in recent weeks.

Q4 2024: Achievements and Released Features

During Q4 2024, we focused on several key features alongside developments on the token project, which will be covered in a dedicated section. Our primary goal was to introduce the evolution of the Earn feature, which was suspended in 2022.

At the same time, we worked to ensure compliance with the European Markets in Crypto-Assets (MiCA) regulation, which partially came into effect at the end of June 2024, aligning with the new regulatory standards for crypto assets.

As always, this report summarises the progress made over the past three months and provides a detailed overview of the most relevant initiatives and developments.

Expansion of the Staking Feature

At the end of Q3 2024, we introduced staking, initially available only on Ethereum, before gradually expanding to other networks. The second network added to our exchange was Solana (SOL), followed by Celestia (TIA) and Cosmos (ATOM). As mentioned in the Q3 2024 Quarterly Report, this feature aims to provide users with a straightforward and efficient way to earn rewards on their cryptocurrencies without hassle or complexity.

Staking plays a crucial role in this report. It has allowed us to introduce the first significant benefit associated with the Clubs, further enhancing the significance of the Young (YNG) token within the ecosystem. 

One of the most significant advantages is the extra YNG bonus, calculated based on the user’s Club level. To determine the actual value of these boosts, simply add the percentage shown below to the standard staking APY, with the increase potentially reaching the maximum indicated, depending on the underlying asset:

  • Bronze Club: up to +5%
  • Silver Club: up to +15%
  • Gold Club: up to +30%
  • Platinum Club: up to +70%

In December, we introduced the recurring purchase option for staking. This feature allows users to automate their value accumulation strategy, simplifying asset management while maximising staking rewards over time. For about a month now, users have been able to set up recurring purchases, helping them average the purchase price of the selected cryptocurrencies (ETH, SOL, TIA, ATOM).

This way, they not only optimise their market entry strategy but also maximise the compounding effect of staking rewards, increasing the growth potential of their portfolio.

Club Price Rebalancing Mechanism

Starting today, February 4, 2025, the number of YNG tokens required to join Young Platform’s Clubs will be updated monthly based on the market price. This approach aims to maintain a balance between accessibility for users and the value of the tokens. The adjustment mechanism plays a crucial role in stabilising Club pricing:

  • If the price of YNG increases significantly, the number of tokens needed to access the Clubs will decrease proportionally. This prevents the euro cost from rising excessively and reduces the risk of excluding users.
  • Conversely, if the price of YNG drops, users will be required to hold more tokens to access the Clubs. This adjustment helps balance the lower unit value and ensures the model’s sustainability.

These mechanisms operate under specific rules to balance accessibility and economic stability and stabilise pricing in fiat currency (euros). Let’s examine how they work.

Amounts to be Locked to Access the Clubs

(Based on YNG’s launch price of €0.24) :

  • Bronze: €360
  • Silver: €1,200
  • Gold: €2,400
  • Platinum: €6,000
  1. If YNG’s price falls below €0.24 at the end of the month, the number of tokens required will increase proportionally, ensuring that the euro cost remains the same as at launch, when YNG was priced at €0.24.

For example, if by the end of the month, YNG is at €0.20, the amount of YNG needed to join the Bronze Club will still be €360, but users will have to lock 1,800 YNG.

Since: 1,800 YNG × €0.20 = €360.

  1. If YNG’s price rises above €0.24 at the end of the month, a discount factor will be applied to prevent Club access from becoming too expensive.

For example, if YNG’s price increases by 50% beyond €0.24, reaching €0.36, thanks to the discount factor (initially set at 0.5), the euro cost will rise by only half, meaning +25% instead of +50%.

In this case, 1,500 YNG would usually be required to join the Bronze Club at €0.36 per YNG, but with the discount factor, only 1,250 YNG will be needed, meaning €450 instead of €540.

📌 NB: The discount factor may be revised in the future.

In summary:

  • If YNG’s price decreases, the required tokens increase proportionally (without discounts).
  • If YNG’s price increases, the number of tokens required decreases, but in a controlled way to prevent devaluation of the Clubs.

This system ensures a balanced access model, preventing a sharp price increase from making Clubs too cheap or a significant price drop from requiring an unrealistic number of tokens.

This change guarantees excellent stability and prevents imbalances that could make the Clubs too exclusive.

New Club Prices for February 2025


As previously mentioned, the amount of YNG to lock to join Young Platform’s Clubs in February is as follows (considering the YNG price as of 04/02 at 00:00 at €0.215):

  • Bronze: 1,667 YNG
  • Silver: 5,557 YNG
  • Gold: 11,115 YNG

Platinum: 27,789 YNG

Young Platform Pro Update

Over the past few months, we have been enhancing Young Platform Pro’s trading experience by introducing visual and functional updates to make the platform more intuitive and efficient.

The homepage has been completely redesigned, and the markets page now offers more detailed information for each trading pair, including the 24-hour trading volume and other key metrics. We have also optimised the desktop interface’s adaptability to improve the user experience.

In addition, we have enhanced the data display in the order book, making limit order positions more explicit. The trading pair selector has been optimised to include more information and a more detailed categorisation of available cryptocurrencies. Users can now hide open limit orders and view historical trade positions directly on the chart.

Regarding order management, we have introduced the ability to view individual executed trades. A shortcut for YNG conversion has made accessing small balances (dust) easier. Moreover, shortcuts between the wallet, orders, and trading area have been improved to facilitate smoother navigation.

Finally, we are actively working on releasing a new version of the trader APIs. This version will include WebSocket support, providing advanced users greater automation and integration possibilities.

Zealy Campaign 

The Zealy campaign, launched to encourage and reward our community’s engagement, will continue to evolve over the coming months.

After tracking user activity on Discord and rewarding the most active members at the end of 2024, we have kicked off a new campaign, allowing everyone to climb the leaderboard again and win prizes.

The system allows users to earn points through various activities, such as:

  • social media interactions,
  • themed quizzes,
  • active participation in the community.

This initiative is part of a broader strategy to strengthen our ecosystem, where user contributions will be increasingly valued through exclusive benefits.

We will officially announce the prizes during the quarter. They are designed to reflect our ambition to become a digital bank and offer tangible rewards to our most engaged users.

Listing on Young Platform

As always, we have worked to expand the range of cryptocurrencies available on Young Platform, in line with user feedback. During the last quarter, we integrated the following tokens into our ecosystem:

Would you like to suggest new and exciting cryptos you’d love to trade on our exchange? Join us on Discord! It’s the perfect place to share strategies, discuss results, and ask for advice from other community members.

💬 Join the conversation and stay up to date!

👉 Join Discord

Club Benefits

Over the past few months, we have introduced two new benefits for our Club members in the form of vouchers.

In November, we launched Tiqets, a platform that allows you to explore museums and attractions worldwide without waiting in line. There’s something for everyone, from water activities in Dubai to distilleries in Dublin, stadium tours in London, day trips in Las Vegas, and even visits to the Vatican Museums.

We also recently announced our partnership with Builtdifferent. This all-in-one fitness platform provides personalised training programs and nutrition plans at a significantly lower cost than hiring a traditional personal trainer.

But the exciting news doesn’t stop there! We are discussing with more major brands to offer even more exclusive and valuable benefits in the future.

Stay tuned by following our blog and social media channels so you don’t miss out!

Upcoming News!

The best is yet to come, and here’s a sneak peek. 

As previously mentioned, during Q3 2024, we primarily focused on staking and the initial preparations for the payment account. However, YNG remains at the centre of our activities. We have made significant progress and have a clear roadmap for its future. This will be the main focus of this report.

IEO Young (YNG) and Tokenomics

Since the end of Q3 2024, the situation has slightly shifted, primarily due to Young’s (YNG) recent price surge. The stock has returned close to its €0.24 launch price.

As the Q3 2024 report outlined, the goal until early January was to restore YNG to its original launch price through a pre-TGE buyback. This strategy aimed to rebalance existing liquidity pools and establish a solid price base for the token ahead of its official launch on the decentralised market.

Once the price stabilised, the plan was to sell YNG tokens to selected venture capital (VC) firms through a private sale with a structured four-year vesting period. This approach was designed to attract strategic investors who could support project growth. The funds raised would strengthen the treasury, finance development initiatives, and continue the buyback strategy.

However, the recent price increase allows us to explore alternative strategic options while continuing discussions with key European VCs. At the same time, our integration with the selected Initial Exchange Offering (IEO) provider is nearing completion. The team also evaluates the optimal launch strategy, considering market conditions and institutional investor interest.

Our goal remains to maximise the ecosystem’s value by ensuring sustainable token distribution. Additionally, we aim to activate the trading pair on decentralised exchanges (DEXs) no later than the launch of the payment account and card, which is currently scheduled for Q2 2025.

Key Mechanisms to Ensure Token Stability

Beyond the sales strategy, two essential mechanisms outlined in the Q3 2024 report remain active to ensure YNG’s stability:

  • Club Rebalancing: The number of YNG tokens required to join the Clubs will be periodically adjusted based on price fluctuations. If the price rises, the required number of tokens will decrease by 50% relative to the price increase. If the price falls, the number of tokens needed will increase proportionally. This system maintains a balance between accessibility and market stability.
  • Liquidity Addition: The treasury will monitor the available budget and YNG reserves monthly to add liquidity to the pools. This mechanism, which will take effect with the launch of the DEX trading pair, will help mitigate price fluctuations and ensure greater market depth.

Trade Rumble: The Ultimate Trading Competition

Starting 7 February, we’re launching Trade Rumble, the competition that tests your trading skills, giving you the chance to climb the leaderboard and win amazing prizes.

Joining is simple: trade Euro-Crypto and Crypto-Crypto pairs, complete missions, collect Gems, and rise in the rankings.

Up for grabs: MacBook Pro, iPhone 16, AirPods Max, and many more prizes, with an exclusive advantage for Club members: in case of a tie, the winner will be whoever belongs to the highest Club level (plus, Club members already save on trading fees!).

Account & Card

As previously announced in our last report and during the dedicated AMA, our ecosystem is on the verge of a significant advancement with the launch of the Payment Account and Card, scheduled for Q2 2025. This project has long been a part of our long-term vision and represents the second pillar of Young Platform, bringing us closer to achieving our goal of digital banking.

Our ambition is clear: to become Italy’s first crypto-native bank, combining the strengths of traditional finance with the efficiency, speed, and earning potential of the crypto world. This new approach will offer users a more accessible, faster, and cost-effective way to manage their finances, providing complete control over digital and traditional assets.

The new Payment Account allows users to manage their finances in one place, simplifying spending, investments, and transfers. Additionally, the Debit Card (available in digital and physical formats) will allow users to spend their funds and profits from crypto investments directly, minimising costs and enabling instant transactions. This card will be more than just a payment method—it will serve as an essential extension of the Young Platform ecosystem.

The Clubs and the Young (YNG) token will be crucial in this transformation. Our Crypto-Infused Finance model will incorporate YNG cashback and exclusive benefits for Club members, making our system even more rewarding for those who support our vision. Some of these perks will be available soon, even before the official feature launch.

We are also developing a pre-launch marketing campaign for the Card to reward our most active users. This will be a competition, and Club members will naturally have additional advantages.

 That’s all we’re revealing for now… but stay tuned on our social channels to learn more soon!

Futures

We are excited to announce a significant new feature to our ecosystem: Futures on Young Platform, which will launch in Q3 2025. Our community has highly anticipated this development, which represents a strategic evolution of our platform and will expand trading opportunities for all users.

With the introduction of Futures, users will have access to advanced tools to trade with leverage on cryptocurrencies, stocks, and ETFs. This means they can open long and short positions, enabling more flexible and diversified trading strategies—whether to capitalise on bullish trends or hedge against market uncertainty.

The launch of Futures marks a significant milestone for Young Platform. It positions us as a comprehensive hub for managing and investing in digital and traditional assets. This new feature will enhance our platform’s competitiveness, catering to experienced traders and those who want to explore more advanced financial instruments gradually.

That’s all the information for now! Be sure to follow us on all our channels.

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Trade Rumble: Young Platform’s new competition that rewards your trades

Trade Rumble: Trading Challenge on Young Platform

Win a MacBook Pro, iPhone 16, AirPods Max, and more!

Get ready to enter the arena with Trade Rumble, Young Platform’s exciting new competition! From February 7, 2025, to March 9, 2025, you’ll have the opportunity to compete against other traders, climb the leaderboard, and win fantastic prizes, including a MacBook Pro, iPhone 16, and more.

Here’s everything you need to know to participate and give it your all!

How to participate in Trade Rumble

Entry Requirements

The competition is open to all users who meet the following criteria: 

  • Must be of legal age.  
  • Must have a registered and verified account on Young Platform (please ensure that you complete the KYC process, which is the identity verification). 
  • Must enter the competition directly through the app, accepting the rules with a single click. 

Enrollment Modalities

  • New Users: Download the app or register on the website, complete the identity verification, and enter the competition in the designated section (only app). 
  • Existing Users: Log in to the app, complete the KYC process (if you haven’t done so already), and navigate to the ‘Trade Rumble’ section to enter the competition.

How the competition works

The competition is straightforward: your goal is to collect as many Gems as possible to rise on the leaderboard and win amazing prizes. Here’s how it works:

1. Complete Quests: Engage in buy, sell, or exchange transactions on the Young Platform exchange (basic version). The Quests will guide you through the tasks you need to complete to earn Gems.

2. Redeem Gems: After finishing a Quest, don’t forget to redeem your Gems directly in the app! Only then will they be added to your total and contribute to your ranking.

3. Climb the Leaderboard: The more Gems you gather, the higher you will climb the leaderboard, increasing your chances of winning one of the 10 prizes!

What Matters:

– Transactions involving Euro-Crypto pairs (e.g., EUR/BTC, EUR/ETH).

– Transactions involving Crypto-Crypto pairs (e.g., BTC/ETH, ADA/USDT).

– Transactions processed via Moneyboxes (recurring purchase).

What Doesn’t Count:

– Operations conducted on Young Platform PRO.

– Transactions carried out using the Smart Trades feature.

– Cancelled or unexecuted orders.

– Suspicious or fraudulent volumes, as determined by Young Platform.

Important: Remember to redeem your Gems as soon as you complete a Quest to maximize your progress! 

Please note: If you do not redeem the Gems on time, they will not be added to your total, and you will miss the chance to climb the rankings.

Prizes to be won

Here is an overview of the prizes that await you:

  • 1st place: MacBook Pro, iPhone 16, AirPods Max 
  • 2nd place: MacBook Pro, iPhone 16 
  • 3rd place: MacBook Pro, AirPods Max 
  • 4th place: MacBook Pro  
  • 5th place: iPhone 16, AirPods Max  
  • 6th place: iPhone 16 
  • 7th place: AirPods Max 
  • 8th place: Apple Watch  
  • 9th place: Apple Gift Card worth €250.00
  • 10th place: Apple Gift Card worth €100.00

If some prizes are not awarded, they will be donated to Save the Children Italy.

The benefits of the Young Platform Club

Joining a Young Platform Club provides you with a strategic advantage in the Trade Rumble competition! The higher your club level (e.g., Platinum, Gold), the more benefits you can enjoy.

In the event of a tie in the rankings, the member at the highest Club level will always take precedence. Additionally, being a Club member grants you access to commission discounts, which translates to more trading opportunities, lower costs, and more gems.

Not part of the Club yet? Now is the perfect time to prepare for climbing the levels and making an impact in the Trade Rumble rankings!

Join Now

Classification Rules

The ranking is determined by the total number of Gems accumulated. In the event of a tie, the following criteria will be used to break it:

1. The user who has achieved the highest level in the Young Platform Club (e.g., Platinum is ranked higher than Gold) will win.

2. If two users belong to the same club, the one who reached their total number of Gems first will be the winner.

3. If neither user is a member of a club, the winner will be the one who accumulated their Gems first.

Please note that the final ranking will be closed at 23:59 on March 9, 2025, and winners will be announced by March 31, 2025.

Your ranking

Trade Rumble will be accessible through the Young Platform app, where you can track your ranking. Complete details and the Official Regulations will always be available on the Young Platform app, as well as on our website at support.

Why participate?

Trade Rumble is more than just a competition; it’s an opportunity to test your trading skills, have fun, and compete for fantastic prizes. If you haven’t signed up for Young Platform yet, now is the perfect time to get started! Don’t waste any time—sign up now and prepare to conquer the rankings.

Go to sign up


Do you have any questions? Consult the full Regulation on the app or write to us: we are here to help.

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The Travel Rule in Europe: changes for the cryptocurrency industry and how Young Platform ensures compliance

Understanding the Travel Rule: how Young Platform ensures compliance

In recent years, financial transparency regulations have expanded to include the cryptocurrency sector, aiming to prevent the illicit use of digital assets. A significant regulation in this area is the Travel Rule, which requires financial institutions and virtual asset service providers (VASPs) to share information about customers involved in transactions above a certain amount.

In line with its commitment to security and compliance, Young Platform has implemented major updates to comply with these regulations while maintaining user privacy. In this article, we will explore the requirements of the Travel Rule, its implications for the crypto sector, and the steps Young Platform has taken to remain compliant.

European Regulatory Framework: MiCA and TFR

The European Union (EU) has established a comprehensive regulatory framework for the cryptocurrency industry, which includes two key regulations: the Markets in Crypto-assets Regulation (MiCA) and the Transfer of Funds Regulation (TFR).

MiCA provides a uniform legal framework for digital assets, outlining clear rules for consumer protection, asset classification, licensing requirements, and market abuse prevention.

Conversely, the TFR implements Europe’s Financial Action Task Force (FATF) Travel Rule. It mandates sharing detailed information regarding crypto-asset transactions to combat money laundering and financing illicit activities.

What is the Travel Rule, and why is it important?

The Travel Rule requires CASPs to collect and transfer detailed information on the parties involved in transactions above a certain threshold. For Italy, the threshold is €0, which means that any crypto withdrawal or deposit must carry the additional information required by the Travel Rule. (The aim is to increase the transparency and traceability of transactions, making it more difficult for criminals to hide behind anonymity.

The TFR establishes specific requirements to ensure compliance, including:

  • Verification of sender and receiver information.
  • The adoption of appropriate measures for transactions to self-hosted wallets.
  • The application of guidelines issued by the European Banking Authority (EBA).

What is the Travel Rule, and why is it important?

The Travel Rule requires Crypto Asset Service Providers (CASPs) to collect and transfer detailed information about the parties involved in transactions that exceed a certain threshold. In Italy, this threshold is set at €0, meaning that any crypto withdrawal or deposit must include the additional information mandated by the Travel Rule. The primary goal of this rule is to enhance the transparency and traceability of transactions, making it more challenging for criminals to operate anonymously.

The Travel Rule establishes specific requirements to ensure compliance, which include:

  • Verify information for both the sender and the receiver.
  • Implementation of appropriate safeguards for transactions to self-hosted wallets.
  • Adherence to guidelines issued by the European Banking Authority (EBA).

Young Platform’s Adjustments to the Travel Rule

To comply with the Travel Rule and EBA guidelines, Young Platform has introduced new procedures for incoming and outgoing cryptocurrency transactions, specifically for deposits and withdrawals. Here are the main changes implemented.

Verification of Self-Hosted Wallets  

When users deposit or withdraw cryptocurrencies to a personal wallet, they may be required to confirm ownership of that wallet. This verification can be completed through Self-Certification, which involves a quick verification process using two-factor authentication (2FA) or other specific methods outlined directly on the platform during the transaction.

Transactions Between Crypto Asset Service Providers (CASPs)  

Young Platform requires users to specify the counterparty involved in the transaction for transfers to other crypto service providers.

Security and Data Protection  

Young Platform has collaborated with technology partners to adopt advanced solutions, including the TRUST (Travel Rule Universal Solution Technology) system. This system enables the secure and fully encrypted exchange of critical information, ensuring regulatory compliance while maintaining user privacy.

Requirements for Self-Hosted Wallet Transactions  

For transactions involving self-hosted wallets, Young Platform evaluates the risk associated with each transaction. It requires specific verifications, such as two-factor authentication or other methods communicated during the transaction process, following the provisions of the Travel Rule.

What changes for Young Platform users?

European Young Platform users must adapt to new crypto transaction procedures. Here’s a summary of the changes:

  • Deposits and Withdrawals: Users will be required to verify the source of their funds. For private wallets, a one-time verification will be necessary.
  • Transactions Between CASPs: Users may need to provide information about the counterparty involved in the transaction.

For more details, please refer to the updated Cryptocurrency Withdrawal and Cryptocurrency Deposit guides.

Why the Travel Rule is a step forward for the crypto sector

The Travel Rule marks a significant advancement for the crypto industry. While it may initially appear to be an extra burden for users, this regulation is crucial in legitimising the global cryptocurrency industry. Enhancing transparency and security, the Travel Rule fosters a more trustworthy environment for individual users and institutional investors.

Young Platform: compliance and innovation for users

Young Platform is dedicated to offering a secure and compliant platform while prioritising user experience. By collaborating with leading partners like TRUST and utilising advanced technologies, the company guarantees that users can operate in a trusted and regulated environment. For more information on the Travel Rule and the adjustments made by Young Platform, please visit our Help Centre,Terms & Conditions, or Privacy Policy.

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FAQs: Young Platform Clubs

How do the Clubs work? FAQ about the YNG token

Learn all about Young Platform Clubs: exclusive benefits, membership and the role of the YNG token.

Young Platform Clubs are exclusive benefit packages designed for the Young token (YNG) holders, the cryptocurrency native to the Young Platform ecosystem. Access to these Clubs requires you to block a certain amount of YNG: the more tokens you block, the greater the benefits and the higher the level of your Club.

This article provides all the information you need to understand how the Clubs operate, their benefits, and how the required amount of YNG tokens for membership is determined.

Among the main themes we will explore:

  • The Young Token (YNG): Understanding what it is, how it functions, and its primary utilities.
  • Young Platform’s Clubs: Discussing the various levels, benefits, and new features introduced with the rebalancing mechanism.
  • The benefits for members: Highlighting advantages such as fee reductions and partnerships that enhance the ecosystem experience.

Read the article to discover how Young Platform Clubs can help you optimise your portfolio and access various curated opportunities.

The Token Young (YNG)

The Young token (YNG) is the native cryptocurrency of the Young Platform ecosystem. Developed as an ERC-20 token, it is classified as a utility token and complies with MiCA (Market in Crypto Assets) regulations. YNG is designed to provide value and utility to users and serves as the central element of the Platform’s functionality.

With YNG, users can access Young Platform Clubs, which offer packages of benefits based on the amount of tokens they block. The more tokens a user blocks, the greater their benefits and the higher their Club level. Initially introduced in 2018 as a reward for participating in the Young Platform Step educational game, YNG expanded its utility in 2022 when it was listed on the exchange, coinciding with the growth of Young Platform, now recognised as Italy’s leading crypto exchange.

The token offers concrete benefits, such as increased APY on staking, commission discounts, and priority access to initiatives and promotions. The YNG ecosystem will be further enriched in the coming months with new features, such as payment accounts, cards, and advanced trading tools (e.g., margin trading).

YNG’s tokenomics support sustainable growth, facilitated by buybacks and periodic cash injections made possible through a portion of the ecosystem’s revenues. Users must block YNG within the Young Platform app by signing up for one of the Clubs to access these benefits. The benefits offered by the Clubs are continually evolving as new partners and features are introduced, thereby increasing the value for token holders.

In addition to being a digital asset for portfolio diversification, YNG allows users to actively participate in the growth of the Young Platform ecosystem, creating a direct and incentivising connection between the community and the platform.

The information in this paragraph is intended for informational purposes only and should not be considered financial, investment, or other types of advice. Investing in cryptocurrencies, including YNG Token, carries significant risks, such as market volatility and the potential loss of your entire investment. Before making any decisions, conducting your research, carefully evaluating your financial situation, and consulting a specialist advisor if needed is essential. Past performance is not indicative of future results. Young Platform disclaims any liability for losses or damages resulting from using the information provided in this paragraph.

The advantages of the Club Young Platform on functionality

Young Platform’s clubs provide various benefits aimed at enhancing user experiences and maximising the value of cryptocurrency holdings while minimising costs and increasing potential earnings.

One of the primary advantages is the significant discounts on buying and selling fees, which can reach up to 90%. This reduction in trading costs is especially beneficial for active investors. Additionally, members can take advantage of higher Annual Percentage Yields (APYs) on staking. Not only do they earn rewards in the staked currency, but they also receive YNG tokens. The bonus YNG gains can increase by up to 70%, making this a compelling option for those looking to earn passive rewards through staking.

Moreover, members can earn extra rewards through Airdrops, providing bonuses of up to 25% on standard rewards. A complimentary monthly Market Report offers detailed analysis and forecasts for those seeking insights into market trends. VIP Support ensures personalised and priority assistance for members of the most exclusive clubs. 

Traders can also benefit from Smart Trades, which are advanced tools that automate algorithmic trading. They allow up to 10 trades to be executed simultaneously.

On a practical note, the Tax Report helps members manage capital gains realised from cryptocurrency investments, offering discounts of up to 80%. Club members can also make free card deposits, with the number allowed depending on the club level, further reducing operating expenses.

The benefits of Young Platform Clubs with big brands

In addition to direct benefits, the clubs collaborate with major brands to provide exclusive offers. For instance, NordVPN offers up to 78% discounts to protect your online browsing and data. Freename allows you to register customised NFT domains with a credit of up to $220. 

For travel enthusiasts, WeRoad discounts up to €450 on group adventures, while Saily eSIM enables you to use 5GB of data to stay connected while abroad. Culture lovers can enjoy discounted access to museums and attractions through Tiqets, with up to 12% savings. For those who are into fitness, BuiltDifferent offers coupons for workout classes, personalised nutrition plans, and more.

Additionally, HelloFresh can deliver fresh ingredients and ready-made recipes for healthy and delicious meals suitable for your home.

The advantages of the clubs go beyond immediate benefits and continually evolve with the addition of new partners and features, making Young Platform Clubs a versatile and constantly improving resource for all members. 

To compare membership plans and benefits, please visit the Clubs page.

The price of clubs: blocking, not spending

You do not need to spend your YNG tokens to join Young Platform Clubs. Instead, you simply need to buy them and lock them in your wallet for the duration of your membership. This approach allows you to maintain complete control over the value of your assets, as the tokens remain your property and can be unlocked at any time after your minimum 90-day membership period.

Starting February 4, 2025, the number of YNG tokens required to access the Clubs will be dynamically calculated based on the token’s market price. This system ensures a sustainable balance between supply and demand, making your economic commitment proportional to the actual value of the token. If the price of YNG increases, the number of tokens required will decrease, and conversely, if the price decreases, the number of tokens needed will increase accordingly.

With this solution, Young Platform keeps the Clubs accessible and flexible while supporting the growth of its ecosystem.

How the commission discount works

Young Platform automatically applies a club commission discount to users’ buy and sell orders. This benefit is advantageous for active traders who frequently execute trades and long-term investors, such as those using an accumulation plan with recurring automatic purchases. By reducing transaction costs, this discount helps optimise the overall performance of trading strategies.

The discounts are progressive and vary based on your Club level, ranging from 30% to 90% off commissions. If you qualify for a higher discount than your current Club level, the platform will automatically apply the more favourable rate, ensuring you always receive the best possible conditions.

Commissions are also discounted on Young Platform Pro, the advanced trading platform. These discounts apply to a maximum trading volume of EUR 50,000 over the last 30 days; standard commission rates apply beyond this threshold.

With this flexible and automated approach, Young Platform’s Clubs optimise the experience for every type of investor, making the ecosystem more accessible and convenient. The discount level can be checked by visiting the Clubs section on the site.

Upgrading, Downgrading and Unsubscribing from Clubs

Joining a Young Platform Club is a flexible choice that adapts to your needs and does not require a fixed commitment. You can easily upgrade to a higher level, move to a lower-level Club, or unsubscribe altogether, all while retaining complete control over your YNG tokens.

Upgrade

If you want to access the benefits of a higher Club, you can do so at any time by adding the necessary amount of YNG to meet the minimum requirement for the new level. For example, if you are a member of Club Silver with 5,000 YNG blocked and want to upgrade to the Gold level, simply block an additional 5,000 YNG. This grants you immediate access to the new benefits without waiting for the current membership period to expire, which will automatically renew for another 90 days after the upgrade.

Downgrade

The process is straightforward if you prefer to downgrade to a lower level. After you cancel your Club membership at the end of the minimum 90-day period, your YNG tokens will be unlocked and transferred to your Main Wallet. You can use them from there to join another Club or participate in other trading activities. Please note that once you leave a Club, you will lose all associated benefits, such as commission discounts or staking bonuses.

Unsubscribe

Unsubscribing is also designed for flexibility and simplicity. Once you unsubscribe, your YNG tokens will immediately be available for trading or other uses, but you will lose access to Club benefits. For instance, in the case of staking, you will continue earning standard rewards but no longer receive additional bonuses linked to your membership level.

This system combines ease of management with continuity of benefits, ensuring that Young Platform Clubs are ideally suited to your needs and investor profile. Whether you choose to upgrade, downgrade, or unsubscribe, you always have the opportunity to optimise your use of YNG tokens and make the most of the ecosystem.

You can consult the dedicated guides if you have further questions about clubs.

To look at the YNG Clubs and Token, sign up for Young Platform. 

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Club advantage: create your perfect training programme with Builtdifferent

Maximise the benefits of Builtdifferent for training and nutrition. Enjoy exclusive discounts through Young Platform’s Club Advantage!

January has always been the month of resolutions, often focusing on two fundamental aspects of our lives: health and finances. How many times have you told yourself, “This year, I’m going to get in shape!” or “I absolutely must stop smoking,” or “By 20xx, I need to be able to buy a house”?

The challenge? Transforming desires into tangible results is often more complicated than it seems. It’s not easy to resist that tempting dessert after dinner when it pushes us over our daily calorie limit. Similarly, it’s just as hard to refrain from purchasing that tech gadget or piece of clothing that we simply don’t need.

To address this issue, we sought a solution that merges self-care with financial savings, partnering with the leading fitness and nutrition app in Italy. This led to the collaboration between Young Platform and Builtdifferent.

Please be aware that Builtdiffernt is exclusively available in Italy.

What is Builtdifferent?

Builtdifferent is an all-in-one fitness platform that provides customised training services and nutrition plans, all at a fraction of the cost of a traditional in-studio personal trainer. With a simple subscription, you can benefit from the following:

  • Dedicated Coaches: Certified Personal Trainers who are committed to guiding you on your fitness journey.
  • Qualified Nutritionists: Professionals who create a tailored, balanced diet plan for you.
  • 24/7 Chat Support: Reach out to experts anytime for advice, program adjustments, or motivation.

In summary, Builtdifferent considers 17 variables and four training styles to develop gym workout plans suitable for both beginners and experienced athletes. Additionally, the nutrition plans adhere to principles used by professional dietitians, ensuring you maximise your gym results.

Builtdifferent for Clubs

Now, here comes the most exciting part: as a member of our Clubs, you are entitled to a progressive discount based on the loyalty program you belong to. Specifically, you can access a three-month subscription to Builtdifferent, which normally costs €79.99, at a reduced price of:

  • Club BRONZE: 64,99€ (15€ discount);
  • Club SILVER: 59,99€ (20€ discount);
  • Club GOLD: 49,99€ (30€ discount);
  • Club PLATINUM: 34,99€ (45€ discount).

Additionally, you can utilise a free 14-day trial period to fully understand the service’s functionality and quality before making a purchase.

The discount is also available for both six-month and yearly subscriptions. 

How it works

  • Visit Builtdifferent.com (the promotion can only be activated through the website).
  • Register for an account or log in.
  • Complete the questionnaire by providing your personal information and eating habits.
  • Enter the discount code you received via email in the ‘Add promotional code’ box just before checkout.
  • Start your 14-day free trial.
  • You will be charged the discounted rate based on your membership level at the end of the trial period. You can cancel your subscription at any time before the trial ends.

IMPORTANT NOTICE

The discount is not valid for the monthly subscription. This offer is only valid if you complete registration and payment from your desktop. The discount cannot be transferred.

What are you waiting for? 

Take advantage of this once-in-a-lifetime opportunity to secure a truly unique product that provides you with an effective training plan and diet at a surprisingly affordable monthly cost. P.S. We are committed to educating our audience about how to maximise the benefits of the products we offer in partnership with Builtdifferent. Check out their Instagram profile, @Builtdifferent, for entertaining and informative content on training and nutrition.