Young Platform, the Italian cryptocurrency exchange that recently made its debut in France, has announced a major upgrade to its “Hodl Plans”. These regular investment plans, which allow users to take advantage of the simplified “Dollar Cost Averaging”, will now be able to access baskets of crypto by theme. A move that aims to simplify crypto investing for all levels of experience.
Young Platform refines personalised investing
Young Platform, an Italian cryptocurrency exchange that has just landed in France, has announced that it is adding to its catalogue of products, always with a view to simplifying crypto investing.
Building on the success of its ‘Hodl Plans’, which allow anyone, regardless of their level in the cryptocurrency ecosystem, to invest on a regular basis in reference assets such as Bitcoin (BTC), Young Platform has decided to add new functionalities to these.
From now on, investors will be able to enjoy the benefits of Dollar Cost Averaging (DCA) in a simplified way on hand-picked and categorised groups of assets as follows:
- Thematic: to invest in cryptocurrency groups selected by Young Platform across different themes (Web3, Metaverse, Smart Contract, DeFi, etc.) ;
- Custo: to invest in a customised basket of cryptocurrencies, both in terms of the assets chosen and their individual allocation;
- Individual: to invest in your favourite crypto on a regular basis.
These Hodl Plans are fully customisable, meaning that you can change the purchase amount, the allocation per crypto and the frequency of automatic investment as you wish. It is also possible to invest in Hodl Plans using your euro wallet or directly by bank card.
Hodl Plan allocation customisation overview
DCA is a strategy widely favoured by crypto investors, which smoothes the average purchase price on a cryptocurrency such as BTC over the long term. Investing in Bitcoin on a regular basis therefore makes it possible to optimise exposure to this asset without having to worry about the “best time” to decide to buy it.
But beyond the case of Bitcoin alone, diversification through the DCA makes it possible to smooth out your portfolio’s overall exposure to the cryptocurrencies you trust over the long term. Because, just as with the king of cryptocurrencies, it is rare to have the opportunity to invest at the best time. And it also helps to avoid heavy losses if you’ve only invested in one or two cryptos.
More features coming soon for Young Platform
As we said, Young Platform has only recently arrived in France, but plans to make a name for itself in the Hexagone after obtaining its registration as a Digital Asset Service Provider (DASP) last December, attesting to the reliability of its various services.
With a view to promoting transparency, democratising access to crypto-currencies and helping to develop a virtuous ecosystem in France, the Young Platform teams distributed a manifesto in the streets of Paris in March, an extract of which echoes the platform’s new Hodl Plans:
“It’s time to take a step back.
“It’s time to rebuild our ecosystem by putting the long-term interests of our users at the centre of our concerns. At Young Platform we are convinced that it is possible to invest in the best projects without having to worry about the day-to-day running of the business by following this simple philosophy: Hodl and Chill. “
To celebrate these Hodl Plans 2.0, Young Platform is launching an exclusive offer: you can create a Hodl Plan free of charge until 30 June, whether it’s themed or custo. In addition, until 6 June, anyone who subscribes to a Hodl Plan will be entered into a weekly prize draw to double the value of their dedicated portfolio. We invite you to read the Hodl Plan Contest documentation to find out more about this exceptional event.
As far as the Young Platform roadmap is concerned, Step 3.0, its mobile application designed for cryptocurrency beginners, is due for release soon. Among other things, it allows users to be rewarded with YNG tokens by taking part in challenges, quizzes or simply by walking.
Preview of the Young Platform Step application
Finally, Young Platform will soon offer an integrated tax report for easy tax reporting, and it will even be able to compile your transactions from external wallets and exchanges.
