Exchanges play a vital role in all cryptocurrency-related activities and operations. By facilitating access to digital assets, these platforms participate in the development of the ecosystem and promote the mass adoption of cryptos. Young Platform ticks all these boxes, but also offers innovative products and solutions reviewed in an educational and playful spirit.
Young Platform: presentation of the Italian exchange
Young Platform is a cryptocurrency exchange that allows users to buy and sell digital assets with fiat currencies. Its solutions offer all the tools to freely manage digital assets. The platform provides beginners with an application to master the key concepts of crypto and all the underlying technologies. Experts, on the other hand, take advantage of indicators and APIs to better understand trading.
The little story of an exchange
Young Platform is launched in 2018 as a mobile application. The platform was designed to simplify access to the world of cryptocurrencies and educate new generations of digital asset investors. Initially designed for beginners, the platform launches the Pro version in 2021 and later begins its expansion in the European Union. The startup is based in Turin and also has an office in London.
At the beginning of 2023, Young Platform confirms its presence in France after its registration as digital asset service provider (PSAN) with the Financial Markets Authority (AMF). In its development, the exchange plans to add new offers and functionalities soon. In particular, it announces the potential launch of its debit cardbut also the impending Tax Report or the price alert.
The team behind the Young Platform project
Young Platform was founded by a group of former students from the Polytechnic University of Turin. Driven by the same passion, that of facilitating access to cryptocurrencies as much as possible and educating new generations of investors on FinTech, they have joined forces to develop Young Platform. The team took its first step into the crypto universe withinI3Pthe startup incubator of the Politecnico di Torino.
One of the co-founders, Andrea Ferrero, holds the position of CEO. Alexandru Stefan Gheban manages all the administrative and financial aspects of the startup as CFO. Samuele Raimondo, for his part, acts as CTO within the company. He is mainly responsible for the technical and technological innovation of the Young Platform ecosystem. Andrea Carollo and Marco Ciarmolithe group’s software architects as well as Daniele Rinaldi, the lead developer, complete the founding team.
How does Young Platform work?
Young Platform East registered with OAM (Organismo Agenti e Mediatori), the Italian organization for the management of financial operators. The exchange as such complies with all the regulations imposed by Italian law, including the verification of the identity of users. To access Young Platform’s services and tools, investors must first register And verify their identity.
A simple initial deposit of €20 allows any user to access the features of the exchange. Young Platform supports the euro and accepts different transaction channels: bank transfer, credit card, Google Pay, Apple Pay And Satispay. In addition, the exchange has a thirty cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and Dogecoin (DOGE). In addition to selling and buying digital assets, the platform also offers crypto to crypto conversions.
The team would like to point out that the company funds are clearly separated from deposits investors to protect them. The platform also relies on a strategic partnership with external providers of real-time crypto-asset liquidity to optimize user protection.
Young Platform, a vast all-in-one ecosystem
The founders of Young Platform designed the exchange for all crypto-investors, regardless of their level of knowledge and degree of expertise in digital assets and blockchain. Beginners and experts have access to a variety of digital products and services that meet their needs.
To support beginners, the platform has a vast library of educational content to train them on the cryptocurrency and blockchain ecosystem. Young Platform notably offers tutorials and guidesthen regularly organizes webinars. Novices also benefit from a set of simplified tools, an intuitive interface, in addition to online help offered by the team.
Experts, on the other hand, have access to more advanced tools that allow them to develop personalized trading strategies. Young Platform notably provides them with technical analysis and algorithmic trading tools or even APIs.
Young Platform
The mere fact ofopen an account on Young Platform gives direct access to the basic version of the exchange and its exclusive offers. The philosophy of the platform, Hodl & Chill is not only theoretical. The project wants to give back to its community, in particular through giveaways. The very first giveaway organized on the platform, “Netflix & Chill”, for example, involved 3 subscriptions to the well-known streaming service.
Furthermore, Young Platform provides users with tools and techniques in line with its philosophy, which advocates long-term investment. Among other things, investors have the option of programming a DCA to automate their purchases. They also have a digest of useful information on each crypto to make informed investment decisions. The minimum daily timeframe also goes in this direction.
The objective is to facilitate access to cryptocurrencies as well as possible, but also to ensure that users know what they are investing in, that they adopt a long-term vision and that they do not need to spend hours in front of their screen to build their crypto portfolio. So Hodl & Chill.
Young Platform Pro
For the more experienced, Young Platform offers investors the Pro versionwhich provides advanced tools as well as indicatorsof the graphicsof the advanced orders, etc. Young Platform Pro also has a plus wide choice of cryptocurrencies which require a certain level of knowledge and expertise. Reason why these assets are inot available for the basic offer.
Young Platform Step
Young Platform Step is a free application that allows users toacquire basic knowledge of the crypto ecosystem through games and quizzes. Play, learn in a fun wayprogress and earn YNG tokens, this is what awaits users on Step.
Step is a mix between Play-to-Earn, Learn-to-Earn and Walk-to-Earn, so many ways to earn YNG. You can solve 3 types of quests:
- Make forecasts, or “pronos”, to become familiar with market volatility;
- Answer quizzes (presence of the article dedicated to each quiz);
- Record your steps (individually or in competitions).
YNG earned on Young Platform Step can then be transferred to the Young Platform exchange to use as you see fit.
Young Platform Academy
To simplify access to cryptocurrencies and enable more people to easily join the entire digital asset ecosystem, Young Platform focuses on financial education. The platform provides its users with a suite of educational resources on Young Platform Academy. These contents help users to take their first step in the market and progress to be able master all the technical aspects cryptocurrencies, crypto-economy, blockchain, trading and more generally FinTech.
What about the Young (YNG) token?
The Young Platform exchange also issues its own utility token, Young (YNG). YNG is issued on the Ethereum blockchain. Since 2018, the platform has been distributing its tokens for free to the most motivated users in their educational journey on step. These users can indeed earn YNG by answering quizzes correctly and by progressing on the various games offered by the platform via the Young Platform Step application, then transfer them to the Young Platform exchange.
Users can thus use their YNG tokens to access a club in order to obtain advantages, such as commission reductions, cashback, boosts, etc., or convert them directly into euros or another crypto.
Young Platform, an exchange that listens to its community
Young Platform defines itself as a company Community Driven who remains attentive to his community. The latter plays a role in the development of the project. All members examine the products through the multiple uses and offer their ideas while highlighting their needs, market trends and things they want to see changed. The development of thehe platform is directly impacted by the wishes of the community.
With Young Platform, community members can take the time tolearn at their own pace. Beginners will discover the incredible concepts and potentials of cryptocurrency and blockchain technology. As they progress, users will become familiar with cryptoassets. It will open their minds to new investment opportunities and mass adoption, who knows.
Conclusion
Young Platform promotes financial inclusion with its educational program. This education also allows users to better follow the multiple changes of the crypto ecosystem which is continuously developing at a breakneck pace. Through this philosophy, Young Platform wants to democratize finance for all by emphasizing that markets must therefore be accessible to all.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
