Definitions

In addition to the terms defined elsewhere in this Disclosure, the terms listed below shall have the meaning attributed to each of them:

“Applications”: artefacts composed of Software and Content that Users utilise on their devices and which allow the use of the Services in specific configurations of such devices.

“User Area”: the environment where the User may consult the Resources functional to the provision of the Services. This User Area is accessible exclusively by the User utilising the Access Codes.

“Access Codes” or “Credentials”: the username and password assigned to the User upon joining the Registration Service and managed by Young Platform or, if the User uses Third-Party Access Codes, by the third party providing them.

“Fees and Prices”: the compensation due to Young Platform for the services provided through the platform charged to the User, in the form of commissions determined according to the terms and methods indicated in the document, which forms an integral and substantial part of these Terms and Conditions, available in the specific “Fees and Prices” section of the Site at the address: youngplatform.com/legal/fees.

“Cryptocurrencies” or “Tokens”: a digital asset pursuant to Art. 3, point 1, no. 5) of Regulation (EU) 2023/1114 (“MiCA”), namely “a digital representation of a value or of a right which may be transferred and stored electronically using distributed ledger technology or similar technology”. The crypto-assets tradable on the Platform include only those technically supported by Young Platform, as indicated in the dedicated section of the Site, which is constantly updated with the inclusion of new crypto-assets and the removal of those no longer available: https://youngplatform.com/exchange/listed/. The available crypto-assets may include, by way of example and without limitation, the categories defined by MiCA, such as asset-referenced tokens (ART), e-money tokens (EMT), and crypto-assets other than ARTs and EMTs (so-called “other crypto-assets”). Young Platform exclusively handles crypto-assets falling within the supported and authorised categories pursuant to applicable regulations.

“Authorised Distributor(s)”: identifies the subjects authorised to distribute, in whole or in part, the Services provided by Young Platform. Some functionalities connected to the Services accessible through an Authorised Distributor may be limited and/or not made available. The list of authorised distributors is available at the following link: https://youngplatform.com/legal/authorised-distributor/. Only distributors present on the list are validly authorised by Young Platform.

“Order”: the instruction entered into the platform by the User regarding dispositive operations of purchase, sale, or exchange of Fiat Currencies or Cryptocurrencies.

“Wallet”: the wallet present in the Young Platform Application and belonging to each registered User, as it is associated with their User Area. Such Wallet is necessary for the use of the Services and specific for the custody of Cryptocurrencies.

“Privacy Policy”: the privacy policy that the User approves before using Services that involve the processing of their personal data.

“Registration”: the registration process that the User must complete in order to access the Services and the User Area. This process is analytically described in the General Terms and Conditions – Young Platform Currency Exchange, to which express reference is made and which can be consulted at the following link: https://youngplatform.com/legal/terms-conditions-young-platform/.

“Services”: the services provided remotely to the User by Young Platform, i.e., usable via the platform, consisting of the execution of purchase or sale orders issued by the User relating to Cryptocurrencies or currencies having legal tender status, according to the methods indicated on the Exchange.

“Sites”: the website owned by the Company, available at the address youngplatform.com, and all connected subdomains, including Academy, base platform, and PRO platform, considered indifferently.

“Tools”: identifies certain specific services to which the User may access only upon subscription to the appropriate contractual conditions. Failure to use and/or accept the terms and conditions of each instrument does not affect the possibility of using the base services.

“User(s)”: collectively and indifferently means: (i) all subjects browsing the Sites and/or generally browsing the Platforms, regardless of whether they are registered or not; and also (ii) any natural and/or legal person, registered on the Young Platform Application, who utilizes the Services via the Platforms. It is understood that with regard to natural persons, the latter must be at least 18 years of age to register on the platform and/or use the Services.

“FIAT Currencies”: currencies having legal tender and legal status of money, or inconvertible paper money, generally accepted as a means of payment as they are declared legal tender (also called forced tender) by the State issuing them, regardless of their intrinsic value.

“YNG” or “Young Token”: utility token issued by the Company under the terms provided and indicated by it within specific sections available for consultation on the Platforms.

“Young Platform” or “Company” or “Young”: Young Platform S.p.A., with registered office at Via Francesco Cigna no. 96/17, Turin (TO), Zip Code 10155, VAT No. 11931440017, in the person of its legal representative pro tempore.

Object

This Disclosure illustrates, in general terms, the main categories of risk connected to the use of the Services, Tools, and related Applications made available by Young Platform (the “Risks”). The information contained in this document is purely descriptive in nature and does not represent an exhaustive or complete list of all potentially relevant risks. Additional risks, not expressly indicated, may derive from specific market conditions, the User’s particular situation, or unforeseeable external factors.

The User is therefore required to independently evaluate the suitability and compatibility of the Services with respect to their own economic, financial, and personal situation, as well as their own risk appetite. Before accessing and using the Services and/or Tools offered by Young Platform, the User is invited to adequately inform themselves about the related Risks and, where appropriate, to consult qualified financial, legal, or tax advisors.

Warnings and characteristics of Young Platform

Young Platform is not registered as a financial, legal, investment, or tax advisor, nor as an intermediary, broker, or agent. The provision of Services and Tools occurs exclusively on an execution-only basis and does not in any way involve the provision of advisory or management services.

In particular, in offering its Services and Tools, Young Platform:

• does not establish any fiduciary relationship with Users;
• does not carry out assessments of adequacy or appropriateness of operations with respect to the User’s economic, financial, or patrimonial situation;
• does not provide any consultancy nor any financial, legal, investment, or trading advice. Any information, data, or content made available via the Sites, Applications, or other communication channels has purely informational purposes and does not constitute in any way an invitation to invest nor a proposal of an advisory nature.

Pursuant to the Terms and Conditions available on the Site at the following link youngplatform.com/legal/, all transactions, unless otherwise provided, are executed automatically based on the instructions and parameters indicated by the User. The outcome of the Order depends exclusively on the instructions provided by the User, who remains solely responsible for the operation and for any losses deriving from its execution.

Therefore, each User is required to independently verify the compatibility of operations with their own financial, economic, and tax situation and, where necessary, to consult qualified professionals to obtain independent advice before placing any Order via the Young Platform Applications or Sites.

Taxation

Young Platform is not registered, nor does it operate as a legal or tax advisor, and therefore does not provide tax advice, nor is it required to determine which taxes may apply to operations carried out by the user through the Services and/or tools offered. The User remains the sole and exclusive party responsible for the determination, declaration, and payment of any tax, duty, or fiscal charge arising from operations carried out on the platform, in compliance with applicable national and supranational regulations.

The User is informed that, where expressly required by law, Young Platform, in the manner provided for by applicable national and supranational legislation, may be required to carry out specific tax compliance obligations, including, by way of example but not limited to:

• communicating to the competent Authorities (including, by way of example, regulatory and tax authorities) information relating to operations carried out by the User and/or the assets present in their Wallet, within the limits and according to the methods imposed by current regulations;
• applying withholding taxes or mandatory deductions, where required by law, paying the amounts to the competent Authorities;
• requesting from the User supplementary documentation and information necessary for tax or regulatory purposes (by way of example, but not limited to, tax certificates and information), which the User must deliver within the terms indicated by the Company. Failure to release the requested documentation within the established terms may result in the application of measures provided by law, including any withholdings or operational limitations, without this entailing liability for Young Platform.

It is understood that any amounts withheld by law will not be refundable by Young Platform. The User is required to consult a qualified professional to assess their own tax position in relation to the use of the Services.

Trading Risks

The User acknowledges and accepts that access to and use of the Services are under their sole responsibility, and that they are aware of the risks inherent in operations involving Cryptocurrencies and digital instruments offered through the platform.

The purchase, sale, and exchange of Cryptocurrencies (including the YNG Token) and/or FIAT Currencies involve a risk of loss, even total, of invested capital. The User is required to independently evaluate the adequacy of such operations with respect to their own economic, financial, and personal situation, and to avail themselves, where necessary, of the advice of qualified professionals.

The User must also be aware that Cryptocurrencies and connected digital services present specific characteristics that entail additional risks compared to so-called “Traditional” investments, as illustrated below:

• It is possible to suffer a total loss of the funds present in one’s Wallet. Therefore, the User is invited to monitor their Wallet at all times. The nature of crypto markets implies high volatility, with significant value fluctuations occurring in very short periods. Such fluctuations can lead to substantial, sudden losses, regardless of a cryptocurrency’s past performance.
• In certain market conditions, it may be difficult or impossible to execute an Order. This may happen, for example, when there is insufficient liquidity (“Liquidity Risk”) on the market or on the platform’s order book (“Order-book”), a situation that can occur at any time, even during periods of high volatility. Furthermore, the User is reminded that, depending on the market, there is a minimum purchase and sale limit for Cryptocurrencies (“Minimum Order”), which can be consulted at the following link: exchange.youngplatform.com/fees. The User must respect this limit in order to achieve the successful conclusion of the Order. The price displayed to the User before placing the Order might not coincide with the actual execution price due to market fluctuations during the Order transmission and execution. In conditions of volatility or scarce liquidity, the Order might be executed at less favourable conditions (i.e., slippage) or not be executed.
• The insertion of contingent Orders, such as “Stop-loss” or “Stop-limit” Orders (defined in detail at the following link https://support.youngplatform.com/hc/it/sections/360005550599) will not necessarily limit the User’s losses to the amounts expected according to the exchange rate indicated by the User as a parameter in the Order, since market conditions could make the execution of the Order itself impossible. In particularly volatile markets, the price may exceed the set threshold before the Order is executed, rendering the planned protection ineffective.
• All operations on Cryptocurrencies involve a risk, and a “Market” position cannot be less risky than a “Long” or “Short” position.

In general, there are risks linked to the nature of Cryptocurrencies and the technologies underlying them, such as:

• obsolescence;
• delays in the perfection and completion of an operation, also due to connection and system problems;
• unforeseen circumstances, failures, defects, exploits, protocol errors, or attacks on the protocol and technologies upon which a Cryptocurrency depends (by way of example but not limited to: sybil attacks, social engineering, distributed denial of service, phishing, hacking, malware, smurfing, double spending, majority-mining, consensus-based or other mining attacks, disinformation campaigns, forks, and spoofing);
• Cryptocurrencies may be subject to different types of cyber attacks or technical compromises, including, by way of example but not limited to:
  • mining or majority attacks (51% attacks);
  • double-spend;
  • selfish-mining;
  • protocol errors or implementation defects;
  • forks (hard or soft) that can alter the functionality, value, or denomination of Cryptocurrencies. Forks or significant protocol modifications can lead to losses, temporary fund unavailability, or service suspension.
• The cryptocurrency market is characterised by high risk and price volatility. This implies significant price variations that can occur at any time, suddenly and unpredictably, and are not even based on past performance (“Market and Volatility Risks”). Such price fluctuations can have a significant impact on Users’ operations, leading to losses and gains. If a high-volatility situation occurs, it is advisable to suspend the “Accumulation Plan” Service. In any case, the User is invited to always monitor the market, which is constantly open 24 (twenty-four) hours a day, 7 (seven) days a week;
• Young Platform does not guarantee that its Services and Tools will always be available and is not subject to unplanned interruptions or network congestion-related blocks. Therefore, it might not always be possible to conclude an Order when desired (“Availability Risk”). The same applies to electronic communications with Young Platform, which may not always be successful, but may present delays, not be secure, or never arrive at the destination (“Communication Risks”);
• In providing its Services and Tools, Young Platform may foresee the involvement of third parties (such as, by way of example but not limited to, partners, including banking partners, payment providers, or custodians), whose specific terms and conditions may apply to the User. Therefore, the latter is invited to inform themselves regarding this by carrying out appropriate checks, in the awareness that Young Platform is not responsible for any losses suffered by the User due to the aforementioned third parties (“Third-Party Risks”). Young Platform is not liable for losses due to the malfunction or insolvency of such third parties, except within the limits provided by law;
• since the Applications, Sites, Tools, and Services offered by Young Platform imply delicate operations, with the use of the User’s personal and financial data, the Company undertakes to guarantee the maximum degree of security of the same, not only from a technological point of view but also legally with the correct application of its Privacy Policy (in line with current national and supranational – GDPR – regulations). However, it is impossible for Young Platform to guarantee a Service completely free of risks, including those concerning security (“Security Risks”). The User is, therefore, required to maintain the secrecy and security of their Access Codes and Credentials, for which they are responsible. Indeed, the User will be responsible for all operations carried out on their User Area and Wallet, regardless of whether they personally authorised them or not. Since operations in Cryptocurrencies are executed automatically and are effectively irreversible, losses deriving from fraudulent operations or those not personally authorised by the User may no longer be recoverable. Therefore, the User is invited to always monitor their Wallet;
• Cryptocurrencies, digital activities, and other assets treated on the platform do not fall within financial instruments covered by indemnity systems, public guarantees, or institutional protection funds. No investment made through Young Platform is covered by deposit guarantee schemes, investor protection funds, or other protection mechanisms provided for traditional financial instruments. The User acknowledges, therefore, that in the event of loss, third-party insolvency, or technical issues, they will not be able to benefit from any form of compensation or external guarantee (“Risk of absence of guarantee systems or institutional protection”);
• Many blockchain-based projects are in an experimental phase or are not yet fully mature. It is possible that the project underlying a Cryptocurrency loses community interest, is abandoned by developers, does not achieve the expected commercial success, or undergoes radical changes in functionality. Such circumstances may lead to the total or partial loss of value of the Cryptocurrencies held by the User, independently of the Young platform (“Risk of abandonment or modification of the Crypto project”);
• In the provision of Services, Young Platform avails itself of third parties, including financial institutions, banking partners, payment infrastructure providers, and entities responsible for Cryptocurrency custody. The User acknowledges that such counterparties may be subject to risks of insolvency, bankruptcy, or operational malfunctions. In the event of default, Young Platform might not be able to fully recover the funds or Cryptocurrencies held with such entities, with a consequent risk of total or partial loss for the User (“Risk of counterparty default or insolvency”);
• For certain categories of Cryptocurrencies (for example, so-called “Stablecoins”), Young Platform does not exercise control over the issuer, the declared reserves, or the value maintenance mechanism. The User acknowledges that: (i) the value of such assets may deviate significantly from the reference value; (ii) the issuer might not guarantee the solvency or availability of the declared reserves; (iii) Young Platform is not liable for any defaults, insolvencies, or conduct of the issuer. The purchase or holding of such assets therefore entails specific additional risks compared to other Cryptocurrencies (“Stablecoin Risk”);
• Since the Cryptocurrency sector is constantly evolving, particularly in regulations, this also implies continuous regulatory activity regarding the same, and therefore equal legislative changes that can have a strong impact, even unpredictable and uneven depending on the reference market, on the value of Cryptocurrencies (“Legal Risk”). Therefore, changes in the regulatory framework may result in limitations, suspensions, or modifications to the Services, even without Young Platform’s consent. The User is always invited to monitor each reference market.
• Operations involving cryptocurrencies may result in variable tax obligations depending on the User’s jurisdiction. Young Platform may be required, pursuant to current regulations, to withhold taxes, communicate with competent Authorities, collect or request additional tax documentation, and implement enhanced verification procedures. The User acknowledges that any taxes withheld by legal obligation will not be returnable by Young Platform and remains fully responsible for the correct fulfilment of their own tax obligations (“Fiscal Risk”);
• In no way shall Young Platform be held liable towards the User for losses and/or other damages, except for cases of willful misconduct (dolo). In any case, should it be held liable, such liability shall not exceed the value of the FIAT Currencies or Cryptocurrencies deposited by the User in their Wallet, so that any damage eventually suffered by the User is limited to a value not exceeding that corresponding to the amount of deposits present in the Wallet, and therefore net of executed operations. Should Young Platform be held liable, such liability shall largely be limited to the value of the Cryptocurrencies or FIAT currencies present in the User’s Wallet at the time of the event, net of executed operations.

Fees and Prices

The User, through the Applications and Sites, may proceed with the purchase of Services and Tools offered by Young Platform, paying the relevant commissions and charges applicable at the time of placing the Order, according to the payment methods indicated and made available in the Applications and Sites.

The right of Young Platform to fix or vary, unilaterally and at its sole discretion, the Fees and Prices by publication in the relevant section on the Applications and Sites is indisputably recognised. The User acknowledges that Fees and Prices may be determined by Young Platform as a fixed amount or as a percentage of the amount of the single Order or single transaction executed. Modifications to Fees and Prices are considered effective from the date of publication, unless otherwise indicated, and apply to Orders and operations subsequent to that date. The User acknowledges and accepts that their continued use of the Services after the entry into force of the modifications entails full acceptance of the same.

The type and extent of Fees and Prices, unless access is made through Authorised Distributors (in which case the Fees and Prices will be available for consultation on the specific channels of the Authorised Distributors and must be verified by the User before using the Services through such channel), are identified in the document available at the following link:

exchange.youngplatform.com/fees.

The User acknowledges that it is their responsibility to regularly consult the “Fees and Prices” section of the Applications, Sites, or the Authorised Distributor to verify any updates, and that failure to consult such section cannot be invoked as a reason for exemption from payment of the commissions due.

Communications

Communications intended for Young Platform must be sent to the following contact: [email protected].

It is understood that, in the event the User accesses via Authorised Distributors, the methods of communication and assistance may differ and will, in that case, be available for consultation on the specific channels of the Authorised Distributor. Young Platform is not liable for communications sent via unauthorised channels or channels not expressly provided for.

Communications intended for the User are sent to the e-mail address provided by the User to Young Platform during the Registration process. Such an address is presumed valid and suitable to receive all communications having contractual and/or informational significance, including those relating to modifications of the Services, Terms & Conditions, the Disclosure, as well as communications of a technical or security nature.

The User is responsible for the correctness, currency, and accessibility of the e-mail address indicated. Any communication sent by Young Platform to such an address is considered validly received by the User at the moment of sending, regardless of the actual reading of the same, except for proven malfunctions attributable exclusively to Young Platform.

Young reserves, in any case, the right to send communications to the User by other means deemed suitable by the Company, such as, by way of example, push notifications, in-app messages, PEC (Certified Electronic Mail) when applicable, and SMS, in compliance with current regulations and the purposes of the Service.

Young may modify at any time the contacts at which it intends to receive communications relating to the Disclosure, giving timely notice to the User via official channels. Such modifications are considered effective from the date of publication or communication, as indicated in the notice.

The User may, in turn, modify the e-mail address to which communications from Young Platform are sent by following the procedures indicated on the Applications and Sites. The modification will have effects only upon confirmation of the variations, as per the verification methods eventually adopted by Young Platform.

Amendments to the disclosure

Young Platform reserves the right to modify and/or update this disclosure at any time to adapt it to supervening technical, operational, normative, or regulatory needs, as well as to introduce new functionalities, services, or security measures.

Any modifications will be communicated to the User through the official channels indicated in this Disclosure and/or by publication in the Applications or on the Sites. Unless otherwise indicated, such modifications are considered effective from the date of publication or from the date indicated in the communication sent to the User.

The User is required to periodically consult the Disclosure to verify the presence of updates. The continued use of the Services after the effective date of the modifications constitutes the User’s full acceptance of the same.

Should Young Platform intend to modify and/or update this disclosure, it undertakes to give notice to Users. It is understood that any modifications may not apply or may apply differently if access is made via Authorised Distributors. In such cases, information regarding the application of the modifications will be made available on the Authorised Distributor’s channels or through communications transmitted by it.

Last update: 24 November 2025