Buying Lido DAO (LDO) is now possible!

From today, a new crypto is available on Young Platform: find out all about the listing of Lido DAO (LDO)!

Now you can finally buy, sell and store Lido DAO (LDO) on Young Platform. Check out the main features of this DeFi project and its crypto, to find out if it’s right for you!

Lido DAO: all you need to know

Lido is among the leading projects in the DeFi landscape today, as the most widely used liquid staking protocol for Ethereum.

In a nutshell, thanks to Lido, it is possible to stake ETH or MATICs and receive tokens in return that can be used on the most popular DeFi services, including DEXs and Yield Farming platforms.

LDO, on the other hand, is the governance token: it means that whoever owns it can vote in the decisions that govern the operation of the protocol. At the time of writing, the token ranks 35th by market capitalisation.

Also thanks to its token, Lido DAO is a particularly decentralised service, being governed precisely by a DAO. The latter is a decentralised autonomous organisation, which enables the management of a project in an automated and participative manner.

The project stems from the desire to solve the limitations of ETH staking, which were particularly acute during the run-up to the Merge between 2020 and 2022. Specifically, by some developers and personalities from the Ethereum community such as Stani Kulechov and Jordan Fish (@cobie on Twitter).

The 3 investment rounds that enabled the development of the project were led by Paradigm and a16z. Not only that, the protocol was verified through technical audits by no less than 14 bodies. 

Curious to learn more? Dive deep into Lido DAO with Academy!

How to use LDO on Young Platform

Here are all the features available for Lido DAO (LDO) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Depositing from another wallet or sending via the Ethereum network
  • Creating a Single Coin Moneybox or Curated Bundle

Multinetwork: transfer your cryptos conveniently

Send your cryptos via your preferred blockchain, to and from Young Platform with the Multinetwork

For some time now, many people in the community have been asking us to introduce the possibility of withdrawing and depositing crypto via different networks, such as Layer-2s. Here’s what it means and the perks of the Multinetwork feature!

What are networks?

During your journey in the crypto market, you might want to use a wallet or a DeFi application. 

To add cryptocurrencies to these wallets and use these apps, however, you will have to go through an exchange to convert euros into crypto.

Or, at some point, you might want to transfer the tokens you got from these applications to Young Platform, so you can convert them, or keep them to simplify your funds management.

To transfer crypto from Young Platform to other crypto applications and vice versa, you’ll go through the network of a blockchain.

And here is the heart of the matter: which blockchain to use?

Each cryptocurrency, in fact, is supported by different blockchains (and networks): BTC can mainly be transferred via the Bitcoin network, ETH via Ethereum and so on.

Over time, however, several increasingly fast and convenient blockchains have emerged, especially for transferring Ethereum’s native cryptocurrencies. Layer-2s such as Arbitrum, Optimism and Polygon have allowed ETH and all ERC-20 tokens to circulate in a scalable and efficient manner.

Therefore, in many crypto applications you will find the possibility of using different blockchain networks. Now you can do this on Young Platform too!

Which new networks are supported?

In this first round, the new networks only concern ETH, USDC and USDT, the most widely used cryptos in DeFi. New ones will be added in the future.

Here are the new networks supported for withdrawals and deposits:

ETH

  • Arbitrum
  • Optimism
  • BSC

USDT

  • Polygon
  • Tron
  • Arbitrum
  • Optimism
  • BSC

USDC

  • Polygon
  • Arbitrum
  • Optimism

The complete list of networks can be found on the Prices and Fees page, while guides on how to withdraw and deposit are available on our Support Portal.

Take advantage of the Multinetwork to transfer your cryptos in the fastest and cheapest way!

Warning: cryptocurrency transfers sent on the wrong network, or to the wrong wallet, or without a memo/tag may not be recoverable.

Even in December, card deposits cost you less!

Promo: Reduced Fees for November!

Following the success of Moonvember, we’ve decided to end the year with a bang! But what makes the Christmas month even more special? The fees for card deposits on Young Platform remain discounted, making the last purchases of the year incredibly convenient!

Reduced fees for card deposits

Also in December, Young Platform provides its users with a chance to take advantage of decreased deposit fees, enhancing the accessibility of purchasing and trading crypto.

Previously, card deposit fees on Young Platform stood at 2.2% + €0.25 as a fixed cost.

However, with this exclusive promotion, fees have been reduced to 1.89% + €0.25, resulting in substantial savings with each deposit you make on the platform.

How to make the most of this promotion

Following the notable surges in Uptober and Moonvember, it’s crucial to reassess your strategy as we enter the prolonged winter of the bear market and contemplate necessary adjustments. The ever-present menace of FOMO is well-known, so how can it be mitigated?

One approach is to employ tools that help us “switch off” these emotional responses, enabling more reasoned decision-making. An effective strategy is recurring purchases, which prevents hasty purchases driven by the fear of missing out on the following price swing or overreacting to market fluctuations.

With recurring purchases, you can establish a regular plan to set aside a percentage of your income in cryptocurrencies, averaging the purchase price over time. This approach helps to reduce the impact of immediate price variations and get the most value from your purchases in the long run. In other words, dollar-cost averaging helps you remain rational and disciplined in a highly volatile market, leveraging a well-considered long-term strategy.

The special discount on card deposit fees further enhances the benefits of creating a BTC Moneybox using this deposit method. If you’re already a member of a Club on Young Platform, you can even enjoy additional discounts.

The Perfect Christmas Gift 

This year, place something different under the Christmas tree: Young Platform’s gift cards. Your friends will have the opportunity to experience the cryptocurrency market firsthand and see how their purchases evolve. Who knows, they might discover a new passion or even become experts! And they don’t need to be a finance guru to get started: gift cards are a simple and safe way to take the first step in this world.

Giving a gift card means sharing an adventure in innovation and, who knows, maybe your friends will thank you in a few years for introducing them to this exciting reality. So, what do you say, ready to give a gift that could change how your friends view the financial world? What better opportunity than to take advantage of the discounts on card deposits?

Buy a Gift Card

The Halving Countdown Has Begun

Have you ever contemplated purchasing Bitcoin multiple times but consistently postponed it? Perhaps due to the concern that it might be too late? Now might be the opportune moment to take action. As Cameron Winklevoss, one of the renowned Winklevoss twins, aptly reminds us, “The window for acquiring Bitcoin before its integration into conventional exchanges is closing.” Cryptocurrencies, which have aroused institutional interest, are evolving into an increasingly intricate asset class offered by major banks and financial institutions.

This is why, amidst price rallies, the approaching halving event, and institutions knocking at the door, we’ve created this November promotion, offering you the chance to navigate this market phase with greater confidence and success.

Login Young Platform


New feature: convert small balances into YNG

One of the community’s most requested features has arrived: the conversion of ‘Dust’ into YNG tokens! 

You know when, after a sale, you are left with a few cents of a cryptocurrency, which you will probably never buy again? 

Doesn’t it bother you, every time you scroll through your wallet and see a microscopic balance, those pennies you can never sell? 

It’s finally time to get rid of them!

From today, those forsaken cents find a utility: you can convert them into YNG tokens with the new Dust feature.

How does it work?

You can convert all cryptocurrencies available on the exchange into YNG. This means that a cryptocurrency is only compatible with the Dust function if you can buy and sell it normally. Consequently, cryptos listed only to support airdrops and delisted cryptos are excluded.

Converting Dust is very easy (and also quite satisfying):

  • Go to the Wallet section of the app or website
  • Click on the button ‘Turn small balances into YNG’.
  • Select the cryptocurrencies you want to convert
  • Click on ‘Convert’ to complete the procedure and receive YNG.

We know you can’t wait: tidy up your wallet and collect YNG!

Sub Accounts: how they work and how to use them

Does your company have a crypto portfolio? Sub Accounts are the best way to manage different strategies or delegate activities

Learn what Young Platform’s Sub Accounts are and how to use them to better manage your corporate cryptocurrency portfolio. 

What are Sub Accounts?

Typically in a trading platform, a ‘Sub Account’ (SA) is a type of account subordinate to a main one, called a ‘Master Account‘ (MA).The MA may thus create secondary and segregated accounts, each of which may have different purposes. 

This facility is used for different purposes, but is usually set up to manage funds or assets separately. Here are just some of the common situations in which the Sub Account functionality could be useful: 

  1. Management: possibility of using Sub Accounts to separate funds for different trading strategies or markets. For example, a trader might have one SA for day trading and another for long-term investments.
  2. Monitoring: Sub Accounts allow transactions executed in different strategies or portfolios to be monitored separately. This can simplify record keeping and performance evaluation.
  3. Risk: SAs can be used to set commensurate risk limits for different trading activities. This helps to avoid excessive losses on a specific account.

In essence, Sub Accounts offer greater flexibility and control in the management of funds. Let us now turn to the advantages of choosing the Young Platform service.

Young Platform Pro Sub Accounts

The functionality is available on demand and only from the Pro version of Young Platform, where it is very simple and intuitive to use. But first let’s see what it consists of.

The Master Account has full powers to:

  • Send and withdraw funds to and from any SA
  • Move funds between accounts (free of charge, no fees)
  • View and manage SA orders
  • Check SA balances
  • View transactions executed by SAs
  • Enable or disable certain cryptocurrency pairs for individual SAs
  • Remove SAs
  • Reset SA passwords
  • View the access history of SAs

In addition, Sub Accounts can be ‘Managed’ or ‘External’, where the former is the mode dedicated to the company’s legal representative who wants to use both an MA and an SA, while the latter is the mode more suitable for teams. In the ‘External’ mode, the MA is managed by the legal representative, while the SA can be given to team members or collaborators.

The advantage of Young Platform is that you can combine this functionality with other services such as the Only Euro Bot: in this way, you simplify the receipt of cryptocurrencies in your account, without preventing you from making recurring trades or purchases.

In fact, as the Only Euro Bot simplifies the handling of payments in crypto by automatically converting them into euros, this can get in the way of trading. With Sub Accounts this is immediately solved: you activate the Bot on one account and with the other you focus on your market strategy.

Want to know more? Write to [email protected], our operators will contact you within 48h.

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Club Benefit: Get up to 74% discount on NordVPN plans

Only one person has the right to know what you do online: you. Discover NordVPN’s offer and the discount for your Club

Being tracked online is never pleasant, even if you have nothing to hide; and since we too are fans of online security and privacy, we thought NordVPN would be just the thing for Clubs.

What is NordVPN?

The function of a VPN (virtual private network) is usually to hide your IP address and allow you to surf in private mode, even on sites with geographical limitations.

NordVPN is a VPN that uses a network of servers all over the world: more than 5000 servers in 60 countries. But it is also much more! 

All plans, in fact, include these services:

  • Web access without geographical limits: explore the Internet from anywhere in the world
  • Surf safely even when connected to public Wi-Fi;
  • Worry-free sharing of files and information, e.g. to work or play online with other people;
  • Protection from malware, online trackers and malicious advertising.

More advanced plans even include Nordpass and Nordlocker, the password manager and encrypted file storage service, respectively.

In short, NordVPN has thought of everything: now you can surf carefree, having complete control over your data.

In all, it can be used from any device and is also very intuitive! It is not hard to see why it is one of the top VPNs. 

How does the benefit work?

NordVPN provides 3 packages: complete, plus and standard. For each of these you will see discounts already available on the official website. 

To these, the Young Platform Clubs add an additional cumulative discount, applicable to two-year plans only. 

Adding up the two promotions and including any extra months in the calculation gives this resulting discount:

  • Bronze and Silver: Up to –71% discount
  • Gold and Platinum: Up to –74% discount

How to apply the discount?

First, join a Club or upgrade to the most advantageous one with the Young Platform app.

  1. Visit this page
  2. Click on the “Get NordVPN” button
  3. Select the two-year plan, and choose the package you prefer
  4. Clicking on the button “Get [package]” takes you directly to the payment page
  5. Here, enter your email address
  6. Click on “Got a coupon?” 
  7. Enter the discount code received by email
  8. Check that the code has been accepted
  9. Select a payment method (yes, even cryptocurrencies are accepted!)
  10. Conclude payment

If you have any problems, you can contact NordVPN customer service at [email protected], and if you are not satisfied with the service, you can request a refund within 30 days.

Token YNG: 3rd Quarter 2023 Report

Token YNG: 2023 Report

The third quarter YNG Token report, with an in-depth look at Clubs and the latest news coming soon!

What happened in the last quarter? How many tokens have been issued, bought and sold, what goals have we achieved and what are the next steps? You can find a complete overview in this report, compiled in October 2023.

The numbers of Young Platform Clubs

YNG is Young Platform’s utility token and grants access to Clubs: the subscription plans that offer exclusive benefits dedicated to our biggest supporters. 

The Clubs, at the moment, consist of 1400 people, divided into: 

  • 1031 for the Bronze Club;
  • 167 for the Silver Club;
  • 121 for the Gold Club; 
  • 81 for the Platinum Club.

To join a Club, a certain amount of YNG must be blocked on the Young Platform exchange. The number of registered members is therefore important for analysing the distribution of the token, especially since the more people join a Club, the lower the selling pressure on YNG will be. What is the main consequence? A greater stability of the price of YNG. Since the last report, Club members have decreased by 9% but Platinum members have increased by 11%.

Distribution of the YNG token

The number of YNG in circulation at the end of June was about 22.7 million. The circulating supply at the beginning of October was about 23.1 million, which means that there was a net increase of about 400,000 tokens, or 1.7%. 

These tokens were distributed via the Young Platform Step app in different ways: 

  • 76,049 through the completion of Quizzes, Quests and Up&Down (prior to the implementation of the levels);
  • 331,830 through the completion of the Levels.

The YNG token market is run through an algorithm that defines the exchange rate by means of two underlying liquidity pools in EUR and YNG respectively. Initially, these pools contained:

  • 1M Euro;
  • 4M YNG.

Considering the token sales and purchases handled in the past months, as of October 2023, the pools contain:

  • 771K Euro;
  • 5.43M YNG.

This configuration is the result of purchases and sales during the third quarter, summarised below together with the price trend:

Goals achieved and next steps

During Q3 2023, we achieved a large number of goals and released as many new features. First of all, we successfully launched and concluded buyback operations, which, together with a modest amount of purchase volume, breathed new life into the Young token (YNG). In addition, our dedicated business services and the tax advice section of the site with expert accountants arrived. 

The community section also saw big news! Two new channels were opened: Telegram and WhatsApp, and activity on the Discord server increased. Finally, Club members can be, in part, satisfied; thanks to new benefits in the form of vouchers issued. Here are all the goals achieved during this quarter and the challenges that lie ahead for the next one.

Buyback

The buy-back operations were successfully completed. We purchased a total of €62,000 of tokens through spot trades and then supported the price through limit orders. Young’s (YNG) price increased by 15% from the beginning of July and by 40% from the February lows.

Listing

We are still considering listing the Young token (YNG) on other exchanges. We are currently in negotiations with several centralised exchanges but are also considering opening up to the decentralised market (DEX).

Token tracking (CoinMarketCap and CoinGecko)

The weekly reminders sent to CoinMarketCap and Coingecko have, unfortunately, not produced any more results than those achieved in Q2 2022. We are currently listed as an exchange on CoinMarketCap, while the YNG token appears on CoinGecko, although, for the time being, no exchange volumes are available for both pages. The situation will probably unblock, at least as far as the token is concerned, when we list on another exchange.

Small balances

Spoilers! 

By popular demand, a new feature is coming soon, allowing you to convert small crypto balances into Young tokens. This way you can give new life to small amounts of cryptocurrency that you would not use.

Multi Network

This function, although it may seem secondary to some, is very important. Especially for those who intend to geek out with DeFi’s decentralised applications. It will soon be possible to deposit and withdraw Ethereum, USDT and USDC, also via the Arbitrum, Optimism and BSC networks. In this way you will be able to make the most of the opportunities offered by Web3 with very low deposit and withdrawal costs.

In the coming weeks, the Polygon zkEVM and Base networks, Layer 2, developed by Coinbase, will also arrive.

Telegram

We have launched a new Telegram channel! The main objective is to try to counteract the many attempts to defraud our users. In the current group, which is still open but will be permanently closed in a few weeks, malicious actors can view the phone numbers of members who have not specified within the app to be hidden and contact them privately. 

Join our Telegram channel!

Young Platform’s new Telegram channel solves this problem. It is to all intents and purposes a channel (and not a group where the admins are the only ones who can post) and therefore the username and phone number of all members is blacked out.

WhatsApp

We then also ventured into WhatsApp, which introduced Communities. These are larger and more customisable discussion groups than those used to communicate with friends or family. The Young Platform WhatsApp group will, for now, serve the same purpose as the Telegram channel. One more way to learn about all the news concerning our ecosystem and the crypto world.

Discord

Discord is the main place dedicated to our community, featuring a leaderboard where server members are ranked according to the XP (experience points) they possess. This will be used to reward the most active users of the server, those who are most committed to growing our ecosystem. During the quarter just ended, we prioritised other initiatives, but presumably some of the rewards in store for the community will come during this quarter. 

We have also created the channel reserved for our biggest supporters, the Platinum Club members, and we are working on creating those for other Club members as well.

Explore our Discord server

X

Twitter has changed its name, but still remains the main venue for promoting the YNG token. We have, to some extent, strengthened our collaboration with prominent members of the industry, who already support us, and we plan to enter into more. Unfortunately, it has not been possible so far to implement an automatic reward system (via the connection between X and Discord) due to the new policies of Elon Musk’s social network.

On our X profile we post daily content and memes, if you don’t follow us yet you should definitely do so!

Follow us on X

Fiscal Report

In May, we introduced for Italy and France one of the features we are most proud of. We are talking about the ‘Fiscal Report’, a document that simplifies filing crypto taxes, making it available for download in Pdf format. The Fiscal Report was developed in collaboration with Taxtris and is the first service of its kind offered by an Italian exchange. Please note that the Fiscal Report is discounted for Silver and Gold Club members, and free for Platinum Club members.

Vouchers and Benefits for Clubs

More amazing benefits for Clubs in the form of vouchers arrived in the third quarter of 2023, but this is no time to rest on our laurels. After We Road, a partnership with another famous brand is on the way this week. The theme of the collaboration is privacy, a concept very dear to us; but no more spoilers, at least for now!

Business services

Young Platform’s business services also opened up recently. In recent years, companies are beginning to understand how crypto is key to make their business competitive and scalable, while completing the long needed digital transition.

News on the way!

Finally, two more huge innovations await us in the coming weeks. The first is Young Platform Step, which will see the launch of a brand new education section that will allow users to get YNG in new ways. The second has to do with our exchange, where a feature never seen before in Italy is on the way.

A warm greeting from the Young Platform Team

Buying Cosmos (ATOM) is now possible!

All the key information for considering whether to buy Cosmos (ATOM), available now

Now you can finally buy, sell and hold ATOM on Young Platform. Learn about the key features of this project and the uses of its crypto to find out if it’s right for you!

Cosmos: all the things you need to know

The project was founded in 2017 by two software engineers, Jae Kwon and Ethan Buchman. Its development is supported by the Interchain Foundation, a nonprofit organisation, and the company Ignite (formerly Tendermint). The platform was officially launched in 2019.

What distinguishes Cosmos from most blockchains is its strong interoperability. Indeed, it reminds us of the structure of Polkadot: it is a large ecosystem for simplified development of native blockchains. 

In fact, Cosmos more than being a blockchain is an interchain, which is that structure that provides blockchains with a common protocol of operation. Any chain built on Cosmos, therefore, naturally enjoys strong interoperability, scalability and flexibility: you can develop application-specific blockchains without having to worry about developing the fundamental architecture.

One such blockchain is the Cosmos Hub, whose cryptocurrency is precisely ATOM. The token is usable in all other Cosmos blockchains, but it was created specifically for the original Hub.

Other projects built on this platform are Cronos, Kava, Osmosis, ThorChain and soon the new dYdX blockchain.

ATOM crypto can be used in these ways:

  • To pay transaction fees on the network
  • To stake them either as a validator or by delegating
  • To receive rewards for staking
  • To vote in decentralised governance processes
  • To use it in blockchain and applications built on Cosmos

In the future, it will also be possible to use staked ATOMs, thanks to liquid staking, which is being developed. This will also limit the token’s inflationary pressure, promoting its growth in value. Learn more about how Cosmos works on the Academy!

How to use ATOM on Young Platform?

Here are all the features available for Cosmos (ATOM) on Young Platform and Young Platform Pro:

  • Buying and selling with EUR
  • Recurring purchase
  • Deposit from another wallet or send through the Cosmos network
  • Creating a Single Coin Moneybox or Bespoke Bundle

How blockchain can enhance your business

The applications of blockchain in business range from traceability to cyber security. Find out how to integrate it into your business

Companies today are increasingly data-driven, data that they collect, process and use to improve their products or operations. This is combined with the continuing trend of technology towards automation. The exemplary fruit of these two currents is artificial intelligence: think of how much data ChatGPT’s software alone requires.

AI, however, is not the answer to everything. So here’s why blockchain can facilitate both the management of data and its automation.

The problem of trust in data

Today we have a large surplus of data: data that is more or less useful, more or less truthful, more or less sensitive or accessible. Managing this information correctly from the source is crucial to protect both people and organisations.

The consequences can vary in scope: from fake news that makes us look bad, to a serious breach of privacy that leads to financial losses.

After all, the data we believe in and how we read it create our reality. When data is falsified for whatever reason, communication problems can arise. What happens if a service communicates wrong information to its customer, or if the error occurs between two partner companies? Trust is broken, the customer or partner is lost. 

Not only that, the consequences can be even more serious: imagine what a mistake in a medical record or in the address of a parcel means.

But there are even more common examples that demonstrate the importance of trust in data. Would you buy a designer dress, knowing that it was produced through exploitation? Or organic food, knowing that it was not grown according to these parameters?

Unfortunately, there are many cases where producers ‘get away with it’, due to a lack of visibility of a product’s history, fragmented in so many places and intermediaries.

We have now surrendered to the normalcy that in all relationships, what cannot be controlled, must be left to blind trust. But it does not have to be that way.

Technology can help us in this too, and blockchain is especially perfect for replacing that margin of  blind trust with justified trust. Let’s look at the various application cases.

Traceability and verifiability

Imagine the blockchain as a register of immutable data. No data can be changed: there is only one version of the facts, the original one.

In addition, it is not controlled by a single authority, but can be compiled and managed with the consent of all those involved in the system. This makes information impartial and shared.

This is music to the ears of those sectors that fight counterfeiting every day. Especially when it comes to luxury goods, the value often lies in the origin. If the origin is certified, the customer will have complete confidence in the value of the good and will be incentivised to buy it.

Not only that: counterfeiting represents the biggest challenge globally for legal documents, financial documents and goods such as pharmaceuticals or foodstuffs. It costs companies more than 7 per cent of their annual expenditure, amounting to almost $4 trillion each year on a global scale.

For fashion brands, counterfeiting represents illicit competition resulting in a loss of sales of more than $50 billion every year. So Louis Vuitton, Prada and Cartier collaborated to create Aura, a blockchain system that allows the history of luxury products to be tracked and reliably authenticated. Microsoft and ConsenSys, a company specialising in blockchain technology, were involved in developing the technological infrastructure.

The traceability and immutability of data is also crucial in the supply chain.

When integrated, blockchain can offer real-time visibility into the entire production and distribution process. This means that companies can monitor every step a product undergoes, improving overall efficiency and creating added value. 

This is the case for Nestlé, which adopted blockchain technology to ensure the security of its supply chain, particularly focusing on ingredients used in the production of baby food such as puree and pouches produced by Gerber. This decision was influenced by events such as the salmonella contamination scare involving large quantities of baby milk powder in France in early 2018, as well as the E. coli outbreak affecting lettuce in the United States. In this context, ensuring food traceability has become paramount.

Security and privacy

The blockchain uses advanced cryptographic techniques to protect transactions and data. Moreover, since they are distributed networks, they do not have a vulnerable central point. This makes them resistant to intrusion: it is very difficult for anyone to try to hack or breach a blockchain network, as it would require a huge amount of resources and would be extremely complex. This feature greatly improves data security and minimises the risk of unauthorised access or data breaches. 

Suffice it to say that in 2021, analysis conducted by Statista revealed an expenditure of over USD 57 billion on cybersecurity. The following year this figure increased by 23 per cent over the previous year, reaching an impact of more than USD 71 billion on companies. Forecasts suggest that although 2022 represents the most expensive period in the last decade in terms of cybersecurity, 2023 will go well beyond that.

Engineers at the Defense Advanced Research Projects Agency (DARPA), the technology development wing of the US military, have developed a blockchain-based encrypted messaging system that allows US military personnel to exchange vital information in real time, anywhere in the world, without fear of interception by foreign hackers.

Staying in the context of data security, thanks to blockchain and the use of cryptography, the level of data privacy is highly programmable. One can choose a blockchain that only authorised persons have access to, with the aim of protecting sensitive data, or one can verify personal data without learning about it.

In any case, the recorded data is always immutable and shared by all participants.

It is no coincidence that applications in the field of digital identity and healthcare are among the most interesting.

One such company is Health Linkages, which leverages blockchain technology to promote transparent management of sensitive data, increase auditability of analyses and improve compliance in the healthcare sector. Thanks to Health Linkages’ blockchain, only authorised operators can share patient data. In addition, it records every single health event chronologically, providing physicians with a clearer picture for making medical decisions.

Discover opportunities for your business

According to research conducted by Fortune Business Insights, the size of the global blockchain technology market was estimated at $11.14 billion in 2022 and is expected to grow from $17.57 billion in 2023 to $469.49 billion by 2030, showing a compound annual growth rate (CAGR) of 59.9 per cent during the forecast period.   

With the expanding growth opportunities in the market and the wide range of possible applications and use cases, more and more companies are making significant investments in this innovative technology. If you would like to find out how your company can integrate blockchain into its business model, please email [email protected] to access our white-glove services.

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OTC Desk: what it is and how it works

OTC transactions are particularly advantageous when it comes to large volumes, especially in the crypto market

The term OTC has a special meaning for exchanges and in the crypto market in general. Find out why and how to access Young Platform’s OTC Desk.

OTC: what is it?

The meaning of OTC is Over-the-Counter and refers to financial transactions that take place directly between the parties involved, outside a regulated or public market. These transactions are not executed on the market of an exchange, but take place privately between counterparties. OTC transactions commonly occur in the equity, bond, derivatives and currency markets.

In them, there are two parties involved: the buyer and the seller. These parties negotiate directly with each other or through intermediaries such as banks, dealers or brokers.

The parties agree on the terms of the transaction, including price, quantity, maturity date (if applicable) and other relevant terms. The negotiation may be conducted verbally, by telephone, by e-mail or through a dedicated platform.

Even if OTC transactions take place outside a regulated market, they are still subject to the general financial regulations in force in their country. 

The advantages of OTC in the crypto market

In the case of the crypto market, OTC trading has particular advantages. These mainly concern liquidity.

This type of service is often used by institutional investors, high-volume traders and individuals who wish to trade significant amounts of cryptocurrencies outside of the open exchange market. In general, we are talking about amounts over EUR 50,000.

Trading such figures on an exchange, in fact, can bring disadvantages to both the trader and the rest of the market participants.

Being a relatively illiquid market compared to financial instruments, large-volume transactions in crypto can create excessive volatility. These momentary price spikes could cause price slippage for other traders or even give false trend signals (bull traps).

Furthermore, there is usually not enough liquidity available on an exchange to fill a large order at a single price. In fact, in order to execute a large order, the exchange must take the bids (or asks) in the order book, in ascending order of price, and add them up to the desired amount. If the latter is excessive, the order may even be only partially executed, or it may not be allowed.

Young Platform’s OTC Desk

Young Platform’s OTC service is aimed at all investors or entrepreneurs who want to buy or sell large quantities of cryptocurrencies.

Our customers’ needs are not only for trading: we have business accounts that want to diversify their business liquidity, or convert large payments received into euros. A particular example of this might be a capital increase in cryptocurrencies. Since this has to be notarised in fiat, it needs to first be converted.

Our OTC Desk offers:

  • Over 70 pairs, both crypto-fiat and crypto-crypto
  • Transactions from €50,000 upwards, with no limit in amount
  • 1-to-1 contact by telephone

How does an OTC transaction work?

  • Contact the team by email;
  • You will receive instructions on how to access the Desk;
  • Our OTC Desk will propose a price and the hypothetical countervalue you will receive. The offer lasts for one minute, within which you can accept or decline and wait for a new proposal;
  • As soon as you accept a price, the order will be set and the corresponding amount will be credited to your Young Platform account.

It is also possible to set up limit orders on demand and request support for transfers or other operations related to the main one.

Contact us now to execute an OTC transaction at [email protected]

The information in this article is for information purposes only and does not constitute an incentive to invest.