To request the closure of a stake, the stake must have an ACTIVE status. It is impossible to close stakes still in the activation phase. Depending on your needs, you can choose to close one, several, or all stakes simultaneously.
Note You will no longer receive rewards once the closure procedure has been initiated.
What is Meant by “Closing Time”?
The closing time refers to the period required to unlock the staked funds on the blockchain and transfer them to your Main Wallet, according to the specific blockchain protocol rules. During this unlocking phase, no further rewards will be accrued. For details about the length of the closing period, refer to the Fees and Pricing page.
Unlocking the Funds
Once the unlocking process is complete, the funds staked and the rewards accumulated up to the time of the closure request will be transferred from the Staking Wallet to the Main Wallet. The destination wallet will depend on the cryptocurrency you have staked, for example, the Ethereum Main Wallet for ETH. By accessing the different wallets, you can view the transactions related to the transfer of cryptocurrencies.
The credit of YNG Tokens for Club Members
If you are a member of a Young Platform Club, the YNGtokens accrued up to the time of the stake closure will be credited to your Main YNG Wallet. Unlike staking rewards, distributed periodically, Club rewards are credited in one lump sum at the time of stake closure.
Stake Status
Once the stake has been closed, its status will change from CLOSING to CLOSED. You can view this change in the Activity section and the Stake History section on the specific Staking Management page. During the stake-closing process, the following phases are executed:
Closure Request: The date on which the user requested the closure of the stake.
On-chain Unlocking: The point at which the staked cryptocurrencies are unlocked from the blockchain, marking the end of active staking.
Transfer of Funds and Rewards: The funds and rewards resulting from staking are transferred to the cryptocurrency’s Main Wallet.
Credit of YNG Rewards: If the user is subscribed to a Young Platform Club, the extra YNG rewards will also be credited to the YNG Wallet.
This way, the closing process ends with all cryptocurrencies and rewards being available in the user’s Main Wallet.
Closing One or More Stakes
If you have multiple active stakes in the same cryptocurrency, you can select one or more stakes to close or close them all simultaneously, depending on your needs.
How to Close a Stake
Here are the steps to close one or more stakes:
Access the “Staking” section from your homepage or from the specific cryptocurrency wallet.
Choose the cryptocurrency from which you wish to request closure from the list of active stakes.
Click the “Close Stake” button.
Select the stake or stakes you wish to close.
After selecting, click “Continue” and verify that the number of selected stakes and the amount of cryptocurrency to be unlocked are correct.
Carefully read the summary of information: once the closure is confirmed, the operation cannot be undone.
When you decide to close a staking position on Young Platform, it’s important to consider the fees. The fees are applied to the rewards generated, calculated as a percentage, and deducted directly at the time of transfer to the Main Wallet. These fees may vary depending on the cryptocurrency used, the staking provider, and market conditions. If the rewards do not exceed the minimum fee, it will be deducted from the staked amount to reach the minimum. Young Platform ensures transparency by providing clear fee details within the staking Settings.
The crypto world knows no borders. Thanks to Saily and the Young Platform Clubs, you can break down barriers and browse for free wherever you are.
There are countless crypto hubs worldwide: the United States, Hong Kong, Singapore, Lisbon, and Lugano. On its long journey towards adoption, the money of the future shares a characteristic with the generation that uses it most: it is global. For this reason, those working in this sector and those driven by passion might travel far and wide to attend events, summits, conferences, or hackathons.
However, there’s a slight problem: crypto and blockchain require an internet connection to function and be used. But don’t worry, if you’re part of the Young Platform Clubs, we’re here to help with a solution offered in partnership with Saily.
Saily is an international eSIM service created by Nord Security, which developed NordVPN. Although these two services—VPNs and eSIMs—may seem very different, they share the same goal: to allow users to browse the internet reliably, even when far from home. Saily offers hundreds of flexible data plans for travelling in over 150 countries, a quick setup procedure, and 24/7 chat support.
The data plans offered by Saily vary, and the features that differ depending on the chosen solution are twofold:
The duration: the number of days the eSIM remains active after activation.
The amount of GB the plan provides: 1, 3, 5, 10, and 20 GB.
When you choose an eSIM on Saily, you can’t change the duration, as it is automatically associated with the amount of GB. Solutions that include 1 GB of mobile data often have a duration of 7 days, while if you opt for a 3 GB plan or higher, you can use the eSIM for 30 days.
Thanks to some key features, Saily is establishing itself as a leading brand in this young sector. Firstly, its affordability. The price of Saily’s eSIMs is approximately 15% lower than that of its main competitors.
Additionally, thanks to the Top-Up function, Saily doesn’t require downloading a new eSIM whenever you change countries or run out of GB. Instead, you can add a new data plan from the same or another country to the SIM you already have. This feature is incredibly convenient for those embarking on a road trip.
How does the benefit work?
This time, we haven’t just offered you discounts; if you’re part of our Clubs, you can activate an eSIM utterly free of charge! Here’s a detailed look at the type of eSIM you can activate at no additional cost, depending on your Club membership.
Bronze: 1GB plan (7 days) free;
Silver: 1GB plan (7 days) free;
Gold: 3GB plan (30 days) free;
Platinum: 5GB plan (30 days) free.
How to apply the code?
First of all, join a Club or upgrade to the most advantageous one using the Young Platform app.
Go to the Saily website.
Select the country where you want to browse andthe data plan that best suits your needs. NB: The promo code will only apply correctly if you select the exact plan offered as a gift. So, if you need more GB, make two separate purchases to add more GB on top of those provided.
Click on “Proceed to Payment.”
Click on “Have a promo code?”
Enter the code received via email.
Check that the code has been accepted. By entering the promo code, no payment will be requested, and the purchase will be automatically completed.
The promo codes have no expiration date. However, once the code is redeemed during the eSIM purchase process, you have 30 days to activate it.
Additionally, the purchase will be visible on your account through the Saily app. Simply log in with the same account you used during the purchase.
For any questions or concerns, you can refer to their official website: support.saily.com
Let’s summarise the Q2 2024 YNG token report. What happened in this news-packed quarter? What are the following steps to be taken?
What happened in the last quarter? What were all the targets achieved in Q2 2024? How many tokens were issued, bought and sold, and what are the next steps? A complete overview in this report, compiled in July 2024.
The numbers of Young Platform Clubs in Q1 2024
YNG is Young Platform’s utility token, which grants access to Clubs the subscription plans that offer exclusive benefits dedicated to our biggest supporters.
The clubs currently consist of 1,699 people, divided into:
1256 for the Bronze Club
195 for the Silver Club
123 for the Gold Club
125 for the Platinum Club
To join a Club, a certain amount of YNG must be blocked on the Young Platform exchange. Therefore, the number of registered members is essential for analysing the distribution of the token, especially since the more people join a Club, the lower the selling pressure on YNG will be. The main consequence? A more stable price of YNG.
If we compare these figures with those of the past, Q2 2024 was flat from the point of view of Young Platform Club adoption. At the end of Q1 2024, there were 1,687 members, divided into:
1238 for the Bronze Club
199 for the Silver Club
122 for the Gold Club
128 for the Platinum Club
As a result, club membership has remained virtually the same, with a weak growth rate of around 0.7%. However, given the market performance of the past months, we can be quite optimistic for the near future. Despite the general bearish movement, which, as anticipated, also affected YNG, the number of members in the Clubs has, albeit slightly, grown.
Distribution of the YNG token
The number of YNG in circulation in April was about 23.5 million. The circulating supply in July was about 23.6 million, meaning a net increase of about 78,449 tokens or 0.33%.
These tokens were distributed via the Young Platform Step app in different ways:
19,473 through the completion of Quizzes, Challenges and Up&Down (before the implementation of the levels).
58,975 through the completion of the Levels.
The YNG token market is managed via an algorithm defining the exchange rate through two underlying liquidity pools, EUR and YNG. At launch in May 2022, these pools contained:
1 million
4 million YNG
Considering the sales and purchases of tokens handled in recent months, as of July 2024, the pools contain:
669,000 Euro
6.32 million YNG
This configuration is the result of purchases and sales during the third quarter, summarised below together with the price trend:
YNG’s emissions in 2023
What happened during the second quarter of 2024 from the point of view of tokenomics? How the token is issued changed last year after the 3.0 Step update. Now that a bit of history is available let us see how the introduction of XPs aimed at limiting YNG inflation has affected it.
As can be seen from the graph, thanks to the latest Step update, we were able to severely limit thedistribution of YNG. The issuance of new tokens was reduced by 95%, and a reduction in active users also caused this effect.
The price of YNG
In terms of price action, the second quarter of 2024 was in line with the crypto market’s performance.
The YNG token in the first quarter of 2024, also thanks to the launch of the new Smart Trades feature, rose from the €0.10 level to the €0.13 level. In the following months, however, thanks to the retracement of most cryptocurrencies on the market, it returned to support in the €0.10 area. However, from the beginning of July onwards, it seems to have regained some strength.
The main catalyst that could bring YNG back to the vicinity of the resistance that rejected it during April is the launch of the decentralised market, scheduled for the coming months. The following paragraphs provide all the details on this issue.
Targets achieved in the second quarter of 2024
During Q2 2024, we mainly focused on taxation, mainly because the deadline for declaring cryptocurrencies was 30 June 2024. In addition, we carried out all the necessary activities to comply with the European crypto regulation, Market in Crypto Assets (MiCA), which partially came into force at the end of June. This report is an excellent excuse to summarise the work done over the last three months. Let’s look in detail first at all the steps taken in 2024 to increase the attractiveness of our YNG token.
The Fees and Reports Functionality
The central topic of Q2 2024 was the crypto declaration. Compared to previous years, mainly due to the Agenzia delle Entrate, circular 30E and the Italian Legge di Bilancio for 2023, the obligation to declare one’s crypto was explicitly highlighted. Mainly due to two issues, as the documents mentioned above state:
Meet regulatory requirements for combating money laundering and terrorist financing.
Determine the taxes due based on the potential income generated.
How did we enable our users to comply with the latest regulations as easily and intuitively as possible? Above all, how have we tried to make ourYNGtokenmorecentral, also regarding this issue?
The flagship feature, revamped from 2023, is the Tax Report. This time, however, it has been placed within a larger section, which we have decided to call ‘Taxes and Reports‘, built to become the only medicine needed against the declaration ‘headache’, and consists of these services:
The Young Platform Tax Report was updated for the 2024 declaration – valid for the income declaration in Italy.
The Tax Report Integrated with Okipo (exchange, wallet and third blockchain) – valid for the declaration of income in Italy.
The Young Platform Transaction Report
Stamp duty
The consultancy service with our accountants – valid service for the declaration of income in Italy.
To ensure the best possible experience for members of the Young Platform Clubs, populated by our most loyal supporters, we applied graduated discounts for each service in the ‘Fees & Reports’ section.
The following discounts have been applied to the Tax Report, consisting of a practical PDF with a clear and simple outline of all the cryptos you own and the data you need to fill in your tax return, including the facsimiles of Form RW and Form RT, compared to the starting price of €29
Club Bronze: 10%.
Club Silver: 20%.
Club Gold: 40%.
Platinum Club: 80%.
The same percentages were also applied to Okipo’s Integrated Report. This document is designed for Young Platform users who also use other exchanges, own NFTs, have cryptocurrencies on DeFi platforms or simply store their crypto-assets on wallets outside of Young Platform:
Club Bronze: €54 (instead of €229 per fiscal year).
Club Silver: €49 (instead of €229 per fiscal year).
Club Gold: €44 (instead of €229 per fiscal year).
Platinum Club: €39 (instead of €229 per fiscal year).
Listing of the Young Token (YNG)
Some of the most interesting news, as far as the last quarter is concerned, concerns our YNG token. In contrast to what we wrote in the previous report, where we assumed that we would start trading on decentralised exchanges by the end of the third quarter of 2024, the set-up has changed slightly.
First of all, we have decided to place this activity within the evolution process of our products, the main points of which you will find at the end of this Report. In addition, we intend to include, before the opening of the Liquidity Pools, two sales phases (one private and one public). There are three main reasons for this decision:
strengthen YNG’s liquidity;
increase the budget to support the project (to be allocated mainly to development and marketing in order to achieve the ambitious internal goals we have set ourselves);
maximize interest around the event: in this way, we expect to be able to reach a wider audience of crypto users who are active in the decentralised market but are not yet familiar with our ecosystem.
In any case, the work that will allow us to expand into the decentralised market has officially begun, after the company’s management approved the operational plan. This foresees YNG landing on the decentralised exchange (DEX) by the end of 2024.
In addition, we have started to dialogue with several decentralised blockchain protocols, specifically some Layer 2s of Ethereum. This activity has several objectives. First of all, it aims to identify the ecosystem that best matches our principlesand values since we want to open the pools on at least one other blockchain besides Ethereum, where the deployment of YNG took place. We also need to define, together with the stakeholders, the incentive programme for those who will use our token.
In the first few days after the ‘green light’, we worked on the necessary documentation to tackle the next steps, which we will present to the Platinum Channel members of our Discord server in the coming weeks. If you are a club member but are not yet in the dedicated channel, join and check your mail. You should have received a form!
As already mentioned, work on the ‘token project’ is being carried out in a manner consistent with that on the corporate roadmap, as we intend to make YNG increasingly central within our ecosystem. As was already the case with the Smart Trades feature, in fact, each new feature will introduce new benefits for club members, incentivising users who are not members to join.
Discord Leaderboard
The first round of prizes for Discord users is on its way! These days, we are collecting all the necessary data to send out the prizes at the beginning of September.
If you are registered on Young Platform, you should have received a notice about it. For those who don’t know what it is, it is the Young Platform community’s common space where you can exchange opinions and thoughts about your journey in the crypto world.
OK, but what is the communication for? Within the server, there is a leaderboard in which members are ranked according to the XP (experience points) they have earned through their activity. In order to reward the most active members, however, we need to link their username to their Young Platform account. If you are not yet part of this exciting group, you have to join! After all, an adventure becomes much more exciting when shared.
Now ‘comes the good stuff’ and even some spoilers.
As anticipated, during the second quarter of 2024, we focused a lot on the fiscal and regulatory aspects of our industry, given the various deadlines that were looming. At the same time, however, we were also able to plan for the future, setting new and ambitious goals for the coming ones. Check out the main ones.
Staking, we’re almost there!
At the end of June, the European Securities and Markets Authority (ESMA), the body that regulates financial markets and instruments for the European Union, commented on this issue by publishing a Q&A on its official website. One of the questions in the document concerned staking, specifically whether or not MiCA prohibits such activity. ESMA’s answer was quite clear: MICA does not prohibit staking and does not assume that a licence is required to offer it, provided that those providing the service, the so-called crypto-asset service providers (CASPs), act in a manner compliant with the regulations and are liable to their clients for any loss of crypto-assets attributable to them.
For this reason, we immediately set to work on integrating this service along with the ever-present benefits for our Club members, due out by the end of Q3 2024.
As many of you may have noticed, we are gathering your feedback and opinions through a form and one-to-one interviews to decide our next big innovation. Your ideas are crucial in shaping our future.
We have something special in the works, a project that has been part of our plans for a long time. Recently, we decided to take it up again, thanks to new opportunities that allow us to think big.
Imagine a novelty that allows you to combine the best of traditional and digital worlds, a feature that does not merely offer a simple tool but aims to transform your daily experience into something revolutionary. We want to differentiate ourselves from our competitors and create something unique, not just an accessory but a valid extension of our ecosystem.
We aim to launch this novelty by the end of the first quarter 2025. We are working on various ideas to reward our Club members and further enhance the YNG token, perhaps with incentives to increase your engagement and rewards.
Young Platform updates the Smart Trades functionality to ensure a trading environment that is compliant with MiCA regulations.
The company has decided to modify the pairs in the Smart Trades functionality, migrating from the crypto-USDT pair to the crypto-USDC pair.
With this update, we aim to inform our users about the strategic decisions taken by Young Platform following the entry into force of European Regulation No. 2023/1114 of 31 May 2023 concerning Markets in Crypto-assets (MiCA), effective from 30 June 2024.
These decisions reflect the need to comply with the Italian government’s recent approval of the Legislative Decree of 25 June 2024. This decree aims to align the national regulatory framework with the provisions of the MiCA Regulation and ensure coordination with existing regulations in Italy, particularly the Consolidated Banking Act (TUB) and the Consolidated Finance Act (TUF).
8 July 2024: new Smart Trades strategies with Crypto-USDC pair
Starting on 8 July 2024, Young Platform will implement a significant change in the Smart Trades strategies offered to users, utilising the crypto-USDC pair. Therefore, from 8 July to 15 July, adding new funds to strategies already active or created during this timeframe will not be possible.
This strategic decision is to comply with the MiCA Regulation, which promotes security and transparency in the cryptocurrency sector.
USDC’s adoption as the reference stablecoin in the new Smart Trades strategies is motivated by its growing adoption and complete adherence to the regulatory requirements of the MiCA Regulation. USDC is widely recognised for its stability and regulatory compliance, making it an ideal choice for users seeking safety and reliability in their trading operations.
Young Platform has always placed great emphasis on compliance and protecting the interests of its users. This new implementation represents a further step forward in ensuring a secure, transparent, and compliant trading environment. Our platform continues to evolve to meet the needs of a constantly changing market, offering innovative and regulatory-compliant solutions.
15 July 2024: conversion of USDT to USDC in active Smart Trades
Starting from 15 July 2024, Young Platform will convert all USDT to USDC in Smart Trades strategies activated before 8 July 2024 for free. The user will not incur any fees for this conversion.
This initiative is part of our ongoing commitment to ensuring compliance with regulations and providing an efficient and advantageous service for users. The free conversion eliminates additional costs for the user, facilitating the transition to a compliant and consolidated stablecoin like USDC.
USDT, PAX Gold, and DAI will not be delisted
Young Platform does not plan to delist USDT, PAX Gold, and DAI until further notice. We are actively collaborating with the foundations of these stablecoins to support their compliance with the MiCA Regulation. By the end of July, we will provide updates on the availability of these currencies on our platform.
Moreover, we will closely monitor any regulatory updates or communications from the stablecoin issuers and promptly inform users of relevant news.
Conclusion
Young Platform remains firmly committed to ensuring a safe, compliant, and advantageous trading environment for all users. The new Smart Trades strategies with the crypto-USDC pair and the free conversion of USDT to USDC are concrete steps towards regulatory compliance and protecting users’ interests. We thank everyone for their understanding and cooperation during this transition phase.
Communication to Young Platform Users Regarding MiCA Regulation and USD Coin
Following our communication on June 29, we want to update you on the compliance of stablecoins on Young Platform concerning the MiCA Regulation.
USDC Stablecoin Compliance
We are pleased to inform you that the USDC stablecoin is now fully compliant with the MiCA Regulation. The USDC and EURC White Papers, available here, provide further details.
As of 1 July 2024, USDC will be issued as an EMT (Electronic Money Token) under Article 3 of the MiCA Regulation. USDC will remain available on the Young Platform without interruptions or modifications.
Official Website: Take a look at the Circle and USDC websites.
For all information requests and subpoenas from law enforcement, send an email to [email protected].
Updates on Other Stablecoins
Regarding the other token (USDT, PAX Gold, and DAI), we await official communications from their respective issuers about their compliance with MiCA. In the meantime, Young Platform has taken the following measures to ensure compliance with the new European regulation:
Continuous monitoring of official communications from the issuers.
Timely updates to users regarding any news on the compliance of the stablecoins.
We will keep you informed with a new communication shortly about the next steps regarding these stablecoins.
Thank you for your attention, and please stay tuned for further updates.
We are approaching a pivotal stage in the world of cryptocurrencies: the entry into force of European Regulation No. 2023/1114 of 31 May 2023 concerning Crypto-Asset Markets (MiCA). In particular, the first block of the relevant European legislation will come into force on 30 June, which will significantly impact stablecoins and the broader digital asset market across the European Economic Area (EEA). Specifically, under the MiCA Regulation, authorised stablecoins must meet stricter reserve requirements, governance, and transparency requirements. Furthermore, on 25 June 2024, the Italian government approved the Legislative Decree to align the national regulatory framework with the MiCA Regulation, aiming to ensure coordination with existing sector provisions in Italy (particularly with the TUB and TUF).
What changes for Users?
With the entry into force of the MiCA Regulation, Young Platform is working to ensure that all cryptocurrencies offered on our platform comply with the MiCA Regulation, implementing a series of measures to protect Users and create an even safer and regulated environment.
Stablecoin: The MiCA Regulation introduces new rules for Stablecoins, which must meet specific requirements to be offered to the public. For reasons better explained below, Young Platform is already working to comply with this new regulation. Still, no changes are planned to the offering of Stablecoins on our platform. We will continue monitoring regulatory developments and guidance from competent authorities and promptly inform Users of any updates.
Greater transparency (Articles 27, 29, and 40 MiCA): We will provide more detailed information on the cryptocurrencies offered, including associated risks and specific characteristics of each token. In particular, we will focus on Asset Reference Tokens (ART) and Electronic Money Tokens (EMT), for which MiCA establishes specific requirements (Articles 16 and 48 MiCA):
a) ART Tokens: According to Article 3(6) of MiCA, these are “a type of crypto-asset that is not an electronic money token and aims to maintain a stable value by referencing another value or right or a combination of the two, including one or more official currencies.” The MiCA Regulation requires platforms like Young Platform to obtain written consent from the issuer of the ART token before offering it to the public (Article 16 MiCA) and to comply with specific transparency and communication obligations (Articles 27, 29, and 40 MiCA).
b) EMT Tokens: According to Article 3(7) of MiCA, these are “a type of crypto-asset that aims to maintain a stable value by reference to the value of an official currency.” The MiCA Regulation establishes stricter requirements for EMT token issuers, which must be authorised as credit institutions or electronic money institutions (Article 48 MiCA) and must also publish a White Paper containing detailed project information (Article 51 MiCA). Platforms offering EMT tokens must also comply with specific rules on communication and marketing (Article 53 MiCA).
Clear communications (Articles 29 and 53 MiCA): Our communications will be even more transparent and informative, in line with MiCA requirements on marketing and advertising. We will provide all the necessary information to make informed decisions. In particular, regarding EMT tokens, our marketing communications will comply with MiCA’s specific provisions for this type of token.
Dedicated support: Our Customer Support Team is available to answer any questions or concerns you may have regarding MiCA and its implications.
What changes for Spot Trading services, purchasing Stablecoins with Fiat Currency, and Smart Trades?
Although the MiCA Regulation has introduced specific requirements, particularly for Asset-Referenced Tokens (ART) and Electronic Money Tokens (EMT), it does not provide a definitive and exhaustive list of which cryptocurrencies fall into these two categories.
This means that issuers themselves have not openly declared with certainty whether their Tokens should be considered EMT or not. Consequently, Young Platform is in the position of having to independently interpret the regulation and is awaiting definitive clarification from the relevant authorities.
To date, Young is doing its best to contact all Token issuers that may fall into the aforementioned categories, asking them whether they are working to comply with the new obligations for ART and EMT issuers. Due to the absence, as mentioned, of a precise classification of these types of Tokens and considering the various possible interpretations of the regulation, Young Platform has not made any changes to its Spot Trading service for Users or, for the same reasons, to the service of purchasing Stablecoins with Fiat Currency or the Smart Trades service. It should be noted that in the first week of July, we will send Users a new update regarding the classification of EMTs and ARTs, to provide the latest data on issuers who have decided to regularise their Tokens and to specify how these issuers intend to operate. Furthermore, the same communication will further clarify how Young Platform intends to manage Tokens not authorised under the MiCA Regulation.
Certainly, the Company will continue to monitor regulatory developments and guidance from competent authorities constantly, and we will promptly inform Users of any updates and/or changes to the service.
Finally, we invite you to consult the official MiCA summary prepared by public authorities, available at this link.
If you have any questions or doubts, please do not hesitate to contact our customer service. We are here to help you navigate this new regulatory landscape and make the most of the opportunities offered by the MiCA Regulation.
Managing performance with the new P&L calculation method
Young Platform has updated its P&L (Profit & Loss) feature to offer a clearer and more detailed view of your crypto portfolio’s performance. As of June 2025, the system employs a new calculation method, which features interactive charts, detailed statistics, and revised data handling.
This is not a brand-new feature, but rather an optimisation of how existing data is analysed. It allows users to easily track:
Overall portfolio performance
Gains or losses on each individual cryptocurrency
Current value across the various wallets (Main, Savings, Staking, Smart Trade)
Realised and unrealised performance over time
To view your updated data, simply go to the “Profit and Loss” section within the app or web platform.
P&L method and tax reporting
The new calculation method is now also used to generate the tax report available on the platform. This integration ensures that the data shown in the P&L section is fully aligned with what is needed for income tax reporting.
Main user benefits include:
Consistency between operational analysis and tax data
Realised gains calculated in accordance with current regulations
Easy-to-export tax report, readable by your accountant
This synergy between performance tracking and regulatory compliance streamlines crypto asset management from both financial and legal perspectives.
How the P&L calculation works
Young Platform distinguishes between realised and unrealised gains and losses.
Realised Profit (or Loss)
This refers to the actual gain or loss made from completed operations: sales, withdrawals, or conversions into euros or stablecoins.
Calculation: Sale/withdrawal/conversion price – average purchase price Fees are included and counted as a loss.
Note: Conversions between cryptocurrencies (e.g., BTC > ETH) do not count as realised gains, but transfer their value as unrealised capital gains. Conversions to stablecoins (e.g., BTC > USDC), however, do count as realised gains, just like conversions into euros.
Example:
Purchase: 0.5 BTC at €15,000 (€30,000/BTC)
Sale: 0.5 BTC at €17,500 (€35,000/BTC)
Realised profit: €2,500
Unrealised Profit (or Loss)
This is an estimate of the value change of cryptocurrencies still held in your portfolio.
Calculation: Current value – average purchase price
Note: Applies only to crypto assets that have not yet been sold, withdrawn, or converted into euros/stablecoins. Conversions between cryptocurrencies retain the gain as an unrealised capital gain.
Example:
Purchase: 0.5 BTC at €15,000
Current value: €17,500
Unrealised profit: €2,500
Average purchase price: definition and usage
The average purchase price represents the unit cost of a cryptocurrency over time.
Key features:
Updated only when buying
Unaffected by sales, withdrawals, or conversions
Used to calculate both realised and unrealised profits
When transferring assets between internal wallets (e.g. from Savings to Staking), the average purchase price follows the asset
How to read the data in the Analytics section
The Analytics section has been enhanced to provide a clear and detailed overview of your portfolio’s structure and performance. It includes:
Total performance
Total performance shows the overall gains and losses in your portfolio, expressed both as a percentage and in euros. It takes into account all value fluctuations, including realised and unrealised gains and losses. Figures are updated every hour and shown net of any fees.
This metric provides an immediate and accurate snapshot of your portfolio’s growth or decline, making it a crucial reference for evaluating overall performance.
Breakdown by functionality
This section displays how your capital is distributed across the various investment strategies available on Young Platform: Main Wallet, Savings, Staking, and Smart Trade. For each, it shows the total unrealised gain, allowing you to quickly identify which strategy is delivering the best results.
Volume analysis
This tool lets you monitor your activity in detail: deposits, withdrawals, and orders (buy, sell, or swap). You can select a specific time frame and filter by transaction type, generating a detailed chart of your operations. This enables complete control over your activities and supports more strategic decision-making.
Crypto distribution
Displayed via a pie chart, this section shows the percentage breakdown of your crypto holdings by asset. Each segment represents a specific cryptocurrency, helping you visually assess the weight of each asset and decide whether to rebalance your portfolio.
Transactions
Here, you’ll find a detailed list of all your transactions, including type and volume. This view is also useful if you’re considering upgrading your verification level or joining a Club plan that offers reduced fees based on your trading volume.
Balance distribution
This chart shows how your capital is allocated across different investment strategies on the platform. Each segment represents a strategy and highlights its proportion of your total balance. It’s a valuable tool for evaluating diversification, exposure, and the impact of each strategy on your overall returns.
Asset type allocation
This provides a clear overview of how your portfolio is split between euros, cryptocurrencies, and stablecoins. It helps you assess your exposure to volatility and balance between stable and high-risk assets, supporting more informed planning and risk management.
The updated P&L method on Young Platform marks a significant step forward in managing crypto investments with clarity and accountability. It enhances real-time performance tracking while integrating seamlessly with fiscal reporting, simplifying your annual tax process.Whether you’re a seasoned investor or just getting started, you now have a powerful tool to monitor, evaluate and document your crypto activity in a clear, structured, and compliant way.
You can now purchase zkSync on Young Platform Pro! Everything you need to know zkSync is now available on Young Platform Pro and is ready to buy, hold, and sell.
We resume our listings with ZK, one of Ethereum’s most promising Layer 2 solutions and one of the most advanced projects in scalability.
zkSync: everything you need to know
zkSync is an Ethereum Layer 2 solution that enables users to execute transactions more quickly and cheaply. The Matter Labs team founded it in 2020, aiming to enhance scalability through Zero-Knowledge Rollup technology.
zk-rollups group transactions are executed on the network in batches and sent to the main blockchain in a compressed format. This maintains Ethereum’s security and decentralisation while reducing transaction costs. This technology was developed to solve major issues with the Ethereum network, which can often become slow and expensive when congested.
In just a few months since the launch of the leading network, zkSync Era, it has attracted many users and a significant amount of Total Value Locked (TVL). ZK, zkSync’s cryptocurrency, is the network’s governance token, allowing holders to participate in essential decisions for the protocol’s future.
zkSync was launched via an airdrop in June 2024, distributing 3.7 billion tokens to users who had used the protocol in the preceding months. From its launch, the zkSync network has hosted some of the most promising and popular decentralised applications (dapps) like Uniswap and Curve Finance, along with native DeFi platforms like Sync Swap and Holdstation.
As previously mentioned, this Ethereum Layer 2 is one of the most promising in the crypto world. Over the past years, it has raised nearly $500 million through various funding rounds. Venture capital firms investing in the project include Andreessen Horowitz (a16z), DragonFly Capital, ConsenSys, and Alchemy, some of the most prominent funds in the sector.
How to Use zkSync on Young Platform?
Here are all the features available for zkSync (ZK) on Young Platform Pro:
Purchase and sale with USDT.
Network deposit and withdrawal.
What are you waiting for? Access the Young Platform app or web version to purchase the cryptocurrency of this Ethereum Layer 2.
Attention! All CEX withdrawals for Zk Sync (ZK) are disabled until 12 p.m. UTC tomorrow, June 18, 2024.
Starting today, you can purchase a new crypto on Young Platform Pro: find out all the information about Bittensor (TAO)!
From now on, you can buy and sell Bittensor (TAO) on Young Platform! A blockchain protocol dedicated to artificial intelligence models. Deposits and withdrawals are not available for this cryptocurrency. For more information, read our Terms and Conditions.
Bittensor (TAO): what do you need to know?
Bittensor (TAO) aims to decentralize and democratize access to artificial intelligence. This protocol enables collaborative, decentralized AI models and thus aims to overcome the limitations of centralized ones. The active consensus mechanism on this network is managed by a Proof-of-Intelligence algorithm composed of nodes that evaluate each other’s contributions according to utility and quality standards.
How to use TAO on Young Platform Pro
Here are all the features available for Bittensor (TAO) on Young Platform Pro:
Buying and selling with USDT
What are you waiting for? Access the app or the web version of Young Platform to purchase this innovative cryptocurrency! Attention! Bittensor (TAO) can only be bought and sold but not withdrawn or deposited to and from Young Platform.
Young Platform has renewed its partnership with TradingView, the platform that has revolutionised the way markets are analysed.
We are proud to announce that our partnership with TradingView, the most widely used platform for analysing the charts of major assets, including cryptocurrencies, has been renewed.
What does this mean in a nutshell? On Young Platform Pro, our dedicated crypto trader exchange, you have all the most popular tools of this powerful, sophisticated and comprehensive platform at your disposal. Indicators, tools, sliders and drawing tools, you have everything you need to fulfil your potential and become a better trader!
What, in short, is TradingView?
TradingView is the world’s most widely used technical market analysis platform. It is an essential resource for traders wishing to consult charts and carry out in-depth analysis to find the right entry and exit points for a position.
TradingView has conquered the market thanks to two key features, especially when dealing with a discipline as complex as trading: ease of use and customizability.
In this sense, it is the perfect tool for novice traders who want to follow the price of a particular asset, such as Bitcoin. It is also perfect for experienced traders who need professional tools, which the platform itself provides.
TradingView and Young Platform: a trading experience without limits
Another great strength of TradingView concerns its ability to adapt to trading platforms and exchanges, in the case of the crypto world.
Thanks to this feature, and the resulting collaboration between Young Platform and Trading View, you will find all the indicators and tools you need for in-depth analysis on our exchange Pro. In other words, you can study the charts in one virtual space, finding your setups every time you log in.
You can plot trendlines or use an exponential moving average, for example, to find the perfect time to buy your favourite crypto. No matter how long this scenario takes to play out, once you log in, you will find everything as you left it.
Here are, in detail, the main advantages of integrating TradingView on Young Platform Pro:
Enhanced crypto charts: use the many trading indicators at your disposal to perform your technical analysis;
All your tools in one place: draw lines or geometric figures, draw, colour certain sections and write your notes directly on the chart;
Your drawings and analyses remain there, where you left them;
You can view all your open orders directly on the chart and keep track of your trading strategies.
Now that you know how the collaboration between Young Platform and TradingView works and what benefits it brings, you just have to start trading in a, truly, professional manner. Keep following our blog so you don’t miss upcoming updates to Young Platform Pro to test the indicators, drawing tools and tools by TradingView.
