Young (YNG) Token: Q2 2026 report

The second quarter 2026 report on the YNG token. What happened, and what changes with the MiCAR licence?

What happened in the second quarter of 2026? How did the YNG token move in a period that was anything but easy for the market? How many tokens were issued, repurchased and distributed, and what changed with the MiCAR authorisation?

Young Platform’s second quarter of 2026

One date marks this quarter more than any other: 30 June. On that day Consob and Banca d’Italia authorised us to operate as a CASP, that is, as a crypto-asset service provider under the European MiCAR regulation. It arrived on the very last day available, when the transitional regime that had accompanied the sector until then expired. From that point on, in the European Union, only those who are fully compliant can operate.

And there is a change that concerns this very report. For several quarters, part of its content was reserved for Club members: a little extra depth for those closest to the project. From today that is no longer the case, and the reason is, once again, MiCAR: information that can affect the YNG token must be accessible to everyone at the same time and on the same conditions, with no privileged channels. So the report goes back to being what it once was, public and open to anyone, from the first figure to the last.

The market context we moved in, however, was anything but favourable. After a recovering April, the market slowed in May and fell back decisively in June, closing the quarter clearly down. Against this backdrop the YNG token showed, over the period, lower volatility than the sector’s leading assets: in the toughest month, June, it limited its losses to a fraction of those recorded by Bitcoin and Ethereum. This figure refers to a single quarter and to a limited number of comparison assets: it does not imply that YNG is, in general, a less risky investment, nor does it constitute a recommendation to buy, sell or hold the token.

The authorisation, though, is not a finish line: it is the ground our work will stand on from here on. And the weeks immediately after the close of the quarter have already shown it: we launched a campaign dedicated to those who bring their assets onto the platform, we introduced YNG Boost, our vesting service that rewards with additional tokens anyone who buys YNG and locks them on the platform for a period of their choosing, another route, alongside the Clubs, to give the token a concrete role, and, above all, we are bringing the YNG token onto a new international trading venue.

What will you find in this report? The lead role, as the title says, goes to the Young (YNG) token: how the price moved, how many tokens were issued and repurchased, how the circulating supply was distributed. But also everything that, around the token, accompanied its quarter: from the card cashback to the buyback programme, from the Clubs to the developments of the past few weeks. The complete data, with all the on-chain addresses and regulatory references, remain in the official informational communication, which we are publishing alongside this report.

Welcome to the Young (YNG) token report for the second quarter of 2026. Enjoy the read!

The MiCAR licence, and what really changes

Let’s start here, because it is the chapter that weighs most of all. The authorisation covers 8 of the 10 services set out in the regulation: from the exchange of crypto-assets to custody, from advice to portfolio management. In practice, almost everything we offer every day in the app is governed by a European regulatory framework.

What does it mean, in practice, for those who use Young Platform? The truth is that, in everyday use, little or nothing changes: the app is the same as ever. What changes is the picture around it, both for the market and, potentially, for the path ahead of us. The most immediate consequence is this: with the expiry of the transitional regime, operators without authorisation had to leave the European market. Those who remain are the ones that completed the process required by the authorities, a detail that is anything but secondary, in a sector where for years the word “rules” was more the exception than the norm.

Then there is an effect set to count above all in the months to come: thanks to the European passport, the licence obtained in Italy allows Young Platform to operate across the entire Union: no new authorisation is needed in each member state, only a notification to the competent Authority of the host country. To date the notification relating to France has been completed. 

The price of YNG and the state of the market

Let’s get to the price, usually the first item you go looking for. Over the quarter, the YNG token went from €0.4428 on 31 March to €0.574 on 30 June: +29.6%.

A number on its own, though, tells only half the story. The context in which that number matured was anything but simple. After a recovering April, with the total crypto market capitalisation up around 13%, May slowed and June braked hard: around -20% in a single month, down to about $2.02 trillion, the lowest level in almost two years. Bitcoin closed June at -21.6%, Ethereum at -23.9%.

In that difficult month YNG moved between €0.529 and €0.572, closing at -8.4%. A decline, certainly, but a more contained one than that recorded by the sector’s big names over the same period.

Account and card: the effect on the token

The Young payment account and debit card are not new to this quarter, we covered them at length at their debut. They had been introduced earlier, with a gradual rollout initially reserved for Club members; it was on 20 April that access opened to the entire user base. They come back into the report because it is in these months that they began to leave their mark on the token.

The first channel is cashback: every purchase with the card gives part of it back in YNG tokens, with a percentage that rises with the Club level, from 0.1% for Essential up to 3.60% for Platinum. The more the cards are used, the more YNG enter users’ wallets. This does not mean, however, that the tokens in circulation have exploded: as we will see further on, issuance has stayed under control. It is a principle we have always cared about, ever since we revised the way YNG is issued with the 2023 Step update.

The second channel is less visible, but for the token it counts a great deal. On every transaction with the card there is a small 0.15% fee that flows directly into the buyback programme: every payment with the Young card becomes, in a fraction of itself, fuel for repurchasing YNG on the market. It is the fourth source feeding the programme, alongside staking fees, those from the decentralised pools and those from Young Platform Step.

Buyback and liquidity additions

And since we have just mentioned it: what exactly is the buyback? We have talked about it in several reports, but it is worth restating; not least because, as we were saying a moment ago, the card has just become a new source feeding it.

It is the mechanism by which part of the ecosystem’s revenues comes back to the token. It works in monthly cycles, and it is easier to understand with an example.

Imagine that, in a given month, the ecosystem generates a certain sum earmarked for the programme. The following month those funds are put to work in two moves, in this order. 

• First, the liquidity of the YNG/USDC pool on Uniswap is strengthened: more liquidity means smoother trading and prices less prone to sharp swings. 
• Then, if anything is left over after that operation, the remainder is used to buy back YNG directly on the market. 
• And the repurchased tokens? They don’t disappear: they stay in the treasury and the following month become the first brick of the new liquidity injection. A cycle that feeds itself, month after month.

Two things we make a point of repeating in every report, because they head off misunderstandings. The first: the repurchased tokens are not burned, but stay in the treasury. The second: the buyback is not an operation to support the price. It promises no levels, it is not a commitment to intervene in the future. It is, much more simply, a transparent way to recirculate revenues within the ecosystem. The programme is run at Young Platform’s discretion and may be amended or discontinued at any time.

Here is what was actually done during the quarter:

• April 2026 (€2,591): repurchase of YNG on the market and rebalancing of the pool.
• May 2026 (€2,802): to which are added 695 USDC and 773 YNG of fees accrued from the pools, reinvested in the YNG/USDC pool.
• June 2026 (€4,368): the month’s revenues were used entirely to buy USDC, funding the liquidity addition of the 10,188 YNG left in the treasury from previous months.

The Club numbers

YNG is Young Platform’s utility token and gives access to the Clubs: the subscription plans that offer benefits on our crypto services and on a selection of brands designed for everyday life. As at the 22 July measurement there are 2,440 Club members, broken down as follows (in brackets, the change from the previous report):

• Bronze: 997 (-2.9%).
• Essential: 801 (+9.4%).
• Silver: 254 (-4.5%).
• Gold: 202 (+11.0%).
• Platinum: 186 (-1.1%).

Overall the number of members grew by 1.9%. The drivers are the Gold (+11%) and Essential (+9.4%) levels, while the others remain substantially stable.

The number of members is not an incidental figure: it is directly linked to the distribution of the token. The more people join a Club, the greater the quantity of YNG voluntarily locked on the platform, and therefore the smaller the circulating availability.

Distribution of the YNG token

At the end of March the circulating supply was around 27.66 million YNG; at the end of June, with the quarter’s issuance, it rises to around 27.73 million. A net increase of just over 67,000 tokens, equal to around 0.24%: issuance remains contained, as the model provides for.

These new tokens were distributed through several mechanisms:

• 30,153 YNG through Step;
• 33,839 YNG through the card cashback;
• 3,290 YNG through staking.

That cashback is already the largest item, just two months after the card opened to all users, shows how quickly this channel is taking hold. The maximum quantity of YNG nevertheless remains fixed at 100 million, with no mechanism that generates new ones beyond that threshold or destroys them.

On the liquidity front, YNG can be traded on two decentralised pools on Uniswap. At the close of the quarter they contained:

• YNG/USDC pool: around 1,376,889 YNG and 897,951 USDC;
• YNG/WETH pool: around 345,096 YNG and 117.4 WETH.

Compared with the end of March, the YNG share fell in both pools, while that of the paired asset (USDC and ETH) grew: the effect of the buyback programme’s rebalancing interventions, which strengthen market depth.

The quarter’s activities

The quarter closed on 30 June, but the pace did not slow: several initiatives started right at the turn between the end of the period and the weeks that followed. We gather them here.

The launch of YNG Boost

With YNG Boost (the Vesting Service) we have opened a new route for those who want to back the token over time. How it works is straightforward: you buy YNG at market price, you agree to lock them on the platform for a period of your choosing (12, 24 or 36 months) and, in exchange, you receive an additional quantity of tokens. It is not a yield or an interest payment: it is a quantity of YNG that we disburse from our treasury, in our capacity as issuer, to support those who choose to stay and look to the long term. 

The Boost grows with the amount and the length of the lock-up, and for Club members (Silver, Gold, Platinum) an uplift applies: it goes up to 34.5% in additional tokens. 

Two clarifications we want to make: the Boost applies only to new purchases, selling and rebuying the YNG you already hold does not entitle you to the bonus, a rule designed precisely to protect the token’s market; and the percentages indicate quantities of tokens, not a yield: their value in euros can vary over time with market volatility. All the details are in the dedicated article as well as in the Pre-contractual Information for the Vesting Service.

Deposit campaign (MYCA) and the BNB listing

From 1 July to 2 August, Move Your Crypto Assets (MYCA) is running, the promo designed for those who want to move their crypto to Young Platform. It comes straight out of the MiCAR licence: now that the sector has clear rules and boundaries, bringing your funds back to an Italian platform, headquartered in Turin and fully regulated, is a choice in favour of transparency. 

The mechanism is simple: a deposit of at least €1,000 is enough (in crypto, in euros or in a combination of the two) and the more you deposit, the higher the level you reach. The promo is split into three Tiers (from €1,000, from €10,000, from €50,000 upwards) and unlocks benefits on five fronts: a Bonus Wallet, the free Tax Report, an enhanced YNG cashback of up to 3.6%, dedicated conditions on the card and the account and, for the highest amounts, a personal Account Manager. 

All the conditions are set out in the rules published on the website. Along the same lines, another development: since 16 July we have added BNB to the crypto available in the app. It is one of the most traded assets in the world, and the decision to list it now answers a precise need: to offer those who hold it a regulated and compliant place, in Italy, where they can carry on operating while the European regulatory framework redraws where and how certain assets can be offered. 

The WhiteBIT listing

From 28 July, YNG will also be tradable on WhiteBIT, on the YNG/USDC pair. It is the token’s first listing on a third-party centralised exchange: until today YNG was accessible only on Young Platform and, since July 2025, on the decentralised protocol Uniswap as well. And WhiteBIT is not just any venue: it is a European platform that states it operates with a MiCAR licence in Austria and VASP authorisations in ten EU countries, over 8 million registered users and a daily trading volume of between $1 and $2.5 billion, the leading European exchange by web traffic, with around 32 million visits a month.

For the token, entering a venue of this size means three concrete things: more geographic visibility (WhiteBIT has strong roots in Eastern Europe, an area where Young Platform is still little present), an international proving ground in front of a community with different habits from ours, and one more point of access, alongside Young Platform and Uniswap. 

The listing fits into a year that has changed the scale we operate on, the MiCAR licence and the €22.5 million capital increase led by Gruppo Azimut, and it will not be the last stop: the search for new trading venues for YNG will continue through 2026. One clarification, as always: a listing is a matter of infrastructure, not a promise about the price, and it affects neither the tokenomics nor the holders’ rights defined by the White Paper. We covered it all in detail in a dedicated article.

The DeFi Wallet

Among the developments we are working on, the DeFi Wallet is the one we look forward to most, because it changes what can be done on Young Platform. Until today, to put your crypto to work in decentralised finance you had to leave the app: open an external wallet, learn to manage it, move between several different tools and hope not to get a step wrong. With the DeFi Wallet all of this happens in a single place (inside the app you already use) and in a couple of taps.

It is a wallet whose control is entirely yours: the keys stay with you, we provide the interface to use them without complications. From there you will be able to put your crypto-assets to work on the sector’s most established lending protocols, on which much of DeFi is based, without having to become an expert in anything. And we are not flinging open a door onto the whole blockchain: access is limited to a selection of protocols we have vetted and judged solid. It is our way of bringing you the freedom of decentralised finance without the wild west that too often comes with it.

It will arrive the way all our things arrive: a bit at a time, first to groups of users and then to everyone. We are not giving a precise date (for the reason we explain below), but there is one thing we will say straight away, because it is right to know it: since it is a wallet you manage on your own, the DeFi Wallet falls outside the MiCAR scope and the regulation’s protections do not apply to what you do with your keys.

Conclusions

Those who have followed us for a while were used to a section on “what’s next” at the end of the report: a taste of what was cooking. From this quarter that section is gone, and it is worth explaining why.

With the MiCA authorisation, the YNG token and its issuer are subject to the regulation’s market abuse rules, including those relating to inside information. Information is “inside information” when it is precise, not yet public and, if disclosed, would be likely to have a significant effect on the price of the token. Previewing developments of this kind would mean giving readers an informational advantage over the market: exactly what these rules exist to prevent.

That is why the flow has changed. When information that can affect the price of YNG becomes communicable, the first step is no longer a post or a teaser: it is publication in the dedicated section of the website, where we collect the informational communications and, where the relevant conditions are met, the inside information relating to the token. That way everyone reads it at the same time, on the same terms. Our team, for its part, operates under the supervision of the authorities and with internal controls designed precisely to prevent anyone holding such information from taking advantage of it.

The upshot is that previews, as you knew them, will no longer be there. We realise it takes some of the flavour out of the wait. But it is, first of all, a protection for you: the guarantee that nobody, ourselves included, plays with information the market does not have yet.

This article is an overview, designed to give you the picture without drowning you in figures. If instead you want the complete data, with all the on-chain addresses and regulatory references, you will find them in the official informational communication, which we are publishing alongside this report.

This content is a marketing communication. The YNG token prices reported in this article are expressed in euros, the currency of the YNG/EUR market on Young Platform, where most trading is concentrated. Market data relating to Bitcoin, Ethereum and the overall capitalisation of the sector are expressed in dollars, in line with the convention of market sources. On-chain data is publicly verifiable via block explorer.

Past performance does not constitute a guarantee of future results, nor financial advice. The buyback programme is run at the discretion of Young Platform S.p.A., does not constitute a price support operation and does not guarantee any return. Access to decentralised protocols through the DeFi Wallet is a service outside the MiCAR scope and does not benefit from the protections provided for by Regulation (EU) 2023/1114. A White Paper compliant with Regulation (EU) 2023/1114 has been published for the YNG token, available on youngplatform.com: in the event of any discrepancy between this article and the White Paper, the White Paper prevails.