Last updated: 30.06.2026

Preamble

Dear User, by accepting these Terms & Conditions, you declare to:

• be aware that this contract defines the general terms and conditions of use of the services provided by Young Platform S.p.A. (hereinafter “Terms and Conditions”) to its Users through the Young Platform product (for convenience hereinafter referred to as the “Application”) as better specified in detail below;
  
• be aware that such services refer exclusively to the domain youngplatform.com (hereinafter the “Site”) to which the mobile platform of the same name is connected (the Site and the platform collectively referred to as the “Platforms”);
  
• be aware that, unless access is made through Authorised Distributors’ platforms, the full entry of the data required in the Registration form (“Form”) and its electronic signature (through the dedicated button labelled “Register”) constitutes contractual acceptance of this document and of the Annexes;
  
• having read and accepted, without any reservation, all the provisions and clauses set out in this document, fully reproduced below;
  
• having read, understood and accepted, by signing this Agreement, the General Risk Disclosure (available at the following link: youngplatform.com/legal/information-general-risks/), which sets out in a general manner the risks associated with the product offered by Young Platform and the Crypto-Asset sector;
  
• be aware that the services covered by this contract include, pursuant to Regulation (EU) 2023/1114 (“MiCAR”): (i) the bilateral crypto-asset exchange service pursuant to Article 77 of MiCAR; (ii) the execution of orders on behalf of clients service pursuant to Article 78 of MiCAR, where activated; (iii) the crypto-asset custody and administration service pursuant to Article 75 of MiCAR; as well as the Summary of the Crypto-Asset Transfer Policy of Young Platform S.p.A., which forms an integral and substantial part of these Terms and Conditions pursuant to Article 82 of MiCAR; (iii-bis) the crypto-asset placing service pursuant to Article 79 of MiCAR, provided on a without firm commitment basis, where activated for specific initiatives; (iv) where activated, the advisory and individual portfolio management services on crypto-assets;
  
• be aware that the Company neither organises nor operates a multilateral trading system pursuant to Article 76 of MiCAR; the Platform does not implement any internal multilateral order book nor any matching mechanism between orders of different clients;
  
• having read and accepted the Summary of the Crypto-Asset Custody Policy of Young Platform S.p.A. (hereinafter “Custody Policy”), which forms an integral and substantial part of these Terms and Conditions pursuant to Article 75 of MiCAR;
  
• having read and accepted the Execution Policy adopted by the Company pursuant to Article 78 of MiCAR, which defines the best execution arrangements and the criteria for the selection of external execution venues, made available in the dedicated section of the Platform.
  

It is understood that, for the purposes of this contract, these Terms and Conditions include any note, legal notice, information or disclaimer, including the Privacy Policy and Cookie Policy, published on the Platforms, as well as the terms referred to through links in this document: youngplatform.com/legal/privacy-policy/.

Definitions

In addition to the terms defined elsewhere in these Terms and Conditions, the terms listed below shall have the meaning attributed to each of them. Unless otherwise defined, the definitions contained in MiCAR and in the rest of the applicable legislation shall apply.

‘Annexes’

means any note, legal notice, information or disclaimer, manual, guide or other document provided to the User through the Platform and/or accessible from the Site, which is considered an integral and substantial part of these Terms and Conditions, including, by way of example and not exhaustively: Privacy Policy and Cookie Policy (youngplatform.com/legal/privacy-policy/), AML Policy, Fees and Pricing Notice – Base (exchange.youngplatform.com/it/fees), Fees and Pricing Notice – Pro (pro.youngplatform.com/fees/), Young Platform Step Terms and Conditions (youngplatform.com/legal/terms-conditions-young-platform-step/), Summary of the Crypto-Asset Custody Policy (youngplatform.com/legal/crypto-asset-custody-policy/), Execution Policy (youngplatform.com/legal/best-execution-policy/), Conflicts of Interest Notice (youngplatform.com/legal/conflicts-of-interest-policy/).

‘AML’

abbreviation of anti money laundering, used to identify anti-money laundering and counter-terrorist financing legislation (AML/CTF).

‘Applications’

artefacts composed of Software and Content that Users use on their devices and that enable Users to use the Services on certain configurations of certain devices.

‘Young Platform Application’

identifies both the web platform and the mobile application called “Young Platform”, accessible exclusively from the domain youngplatform.com and/or through the mobile application of the same name and/or through access to the “Young Platform Pro” web platform at pro.youngplatform.com.

‘Young Platform Step Application’

identifies the mobile application called “Young Platform Step”, accessible exclusively from the domain step.youngplatform.com and/or through the mobile application of the same name (which differs from the Young Platform Application due to the presence of the word “Step”).

‘User Area’

is the environment where the User can consult the Resources functional to the provision of the Services. Such User Area is accessible exclusively by the User using the Access Codes.

“Bonus Wallet”

section in the app or in the desktop version dedicated to bonuses and to all promotions that are active or will be activated in the future. Amounts in the Bonus Wallet may not under any circumstances be withdrawn by Users, but may only be used to cover certain costs and/or fees applied by Young on specific products and/or services. Bonuses and promotions may have a temporary duration; Users are therefore required to carefully consult the terms and conditions of each promotion (always available at the following link: youngplatform.com/legal/).

‘Upload’

act consisting of transferring the User’s Content from a device or storage area available to a User to the Resources by means of the Interfaces.

“Young Club” or “Club”

service included in the Company’s loyalty programme, providing several types of clubs to which Users may choose to enrol in exchange for receiving additional benefits and Rewards dedicated and differentiated according to the selected club.

‘Access Codes’ or ‘Credentials’

the username and password that are assigned to the User upon enrolment in the Registration Service and that are managed by Young Platform or, if the User uses Third-Party Access Codes, by the third party providing them.

‘Third-Party Access Codes’

username and password managed by a third party that makes available features enabling the use of such username and password through the Interfaces in order to be identified by Young Platform.

‘Fees and Pricing’

means the fees due to Young Platform for the services provided through the Platform and charged to the User, determined in accordance with the terms set out in the document available in the dedicated “Fees and Pricing” section of the Site at: exchange.youngplatform.com/it/fees. In the Bilateral Exchange Service pursuant to Article 77 of MiCAR, the consideration for the assumption of the risk linked to the price lock by the Company may be incorporated in the price by means of a Spread with respect to the market reference price, in addition to any explicit fees. In any event, the Total Consideration is always displayed to the client in the Order Summary prior to Order Finality.

‘Conflicts of Interest’

situations in which the interests of the Company, its directors, employees or related parties may diverge from the interests of the client. The Company adopts and maintains organisational measures and procedures to identify, prevent and manage conflicts of interest, in accordance with Article 72 of MiCAR. The Conflicts of Interest Notice is made available on the Site and forms an integral part of the Annexes.

‘Content’

texts, images, audio and/or video recordings, data and/or information, including personal data, in any format (file or any other byte sequence) that are transmitted, copied, sent and/or otherwise processed by Users using the Services or by Young Platform and/or otherwise made available to Users. Each Content shall also be defined as ‘Content’.

‘crypto-asset’, ‘Crypto-asset’ or ‘Token’

means crypto-assets as defined in Article 3(1)(5) of MiCAR, that is, a digital representation of value or rights that can be transferred and stored electronically, using distributed ledger technology or similar technology. The crypto-assets that can be purchased, sold or converted on the Platform are exclusively those supported by it and communicated to the User in a dedicated section of the Site (exchange.youngplatform.com/it/fees).

Authorised Distributor(s)

identifies the parties authorised to distribute all or part of the Services provided by Young Platform. Some of the functionalities connected to the Services accessible through an Authorised Distributor may be limited and/or not made available. The list is available at the following link: youngplatform.com/legal/authorised-distributor/.

‘Execution Policy’

the formal document adopted by the Company pursuant to Article 78 of MiCAR, which defines the criteria and the modalities through which the best possible result for the client is pursued in the execution of orders on behalf, including the best execution factors (price, total costs, speed, likelihood of execution and settlement, size and nature of the order) and the modalities of selection of the external execution venues. The document is approved by the Management Body, reviewed at least annually and made available on the Site.

‘Execution Receipt’

the execution receipt made available to the client following the confirmation received from the external execution venue in the Service pursuant to Article 78 of MiCAR, containing: order identifier, execution venue or counterparty, execution price, Total Consideration, fees applied, main timestamps of the process, indication of the service used.

‘Order Finality’

the moment at which the order becomes binding according to the conditions made known to the client. In the Bilateral Exchange Service pursuant to Article 77 of MiCAR, it coincides with the acceptance of the firm quote within the period of validity indicated in the application interface; from that moment the contract is concluded and the Company assumes the legal obligation to execute the operation at the price displayed. In the Execution of Orders on Behalf Service pursuant to Article 78 of MiCAR, the order becomes irrevocable at the moment in which it is taken in charge for execution towards the external venue; the operation is concluded upon receipt of the confirmation of execution from the venue.

In-App Purchase Feature

functionality made available through Play Store and Apple Store within the Young Platform mobile Application, allowing the purchase of or subscription to individual Services and/or Tools offered by Young Platform. To learn about the operation of Play Store and Apple Store, please consult the following links respectively: support.google.com/googleplay/answer/1061913?hl=en and developer.apple.com/in-app-purchase/.

‘Fulfilment Flow’

the complete operational sequence that describes the order management phases, from receipt to conclusion of the contract and settlement, including the identification of the service used, of the role assumed by the Company (principal or agent), as well as the modalities of updating the Internal Ledger or the activation of the direct withdrawal towards a Pre-registered External Address for the settlement of the operation.

‘Virtual IBAN’

Virtual IBANs allow the association of one or more unique identifiers to an account, which the Company itself may use, in addition to the IBAN of the account, for the purposes of reconciliation of bank transfers, remittances and other client operations. Amounts received from clients through Virtual IBANs will be credited and recorded on the account. Virtual IBANs are compliant with the ISO 13616 standard.

‘Pre-registered External Address’, ‘Address’

a cryptographic address on a blockchain network external to the Platform, whose ownership or legitimacy has been preventively verified by the Company in compliance with AML/CTF legislation and with the Travel Rule, selectable by the client as the destination for the direct settlement of operations under Articles 77 and 78 of MiCAR.

‘Interfaces’

interfaces (web, Applications or otherwise) operating on certain configurations of certain devices through which Users can use the Services by connecting to the Resources through the internet. Each of the Interfaces shall also be defined as ‘Interface’.

Journey “Base” and “Pro”

functional segmentations internal to the Platform. The Journey “Base” is configured for the Bilateral Exchange Service pursuant to Article 77 of MiCAR. The Journey “Pro” is configured for the Execution of Orders on Behalf Service pursuant to Article 78 of MiCAR and for advanced functionalities. Such segmentations do not affect the legal qualification of the MiCAR service activated.

‘KYC’

Know Your Customer procedure, that is, verification of the identity, truthfulness and correctness of the data entered by the User upon Registration.

‘Internal Ledger’

the Platform’s internal accounting system that records the positions of clients and of the Company, the variations deriving from operations under Articles 77 and 78 of MiCAR, as well as the movements connected to the custody service under Article 75 of MiCAR. In this document, any reference to the client’s holdings shall be understood as referring to the accounting position recorded in the Platform’s Internal Ledger.

‘Liquidity Provider’

a third party with which the Company may operate, following the conclusion of a bilateral contract under Article 77 of MiCAR, in order to cover or realign the exposure assumed as counterparty. The Liquidity Provider does not assume the role of counterparty of the client and does not interact directly with the latter.

‘Placing Service (Article 79 MiCAR)’

the service through which the Company promotes or distributes, by mandate of the Issuer or of the person seeking admission to trading, a given crypto-asset to its clientele in accordance with Article 79 of MiCAR. The service is provided by the Company on a without firm commitment basis: the Company does not assume any firm subscription commitment nor the risk of failure of the placing. Any use of the application infrastructure of the Bilateral Exchange Service under Article 77 of MiCAR for the settlement phase of the operation remains limited to the technical-operational layer and does not affect the legal qualification of the Service.

‘Placing Information Document’

the information document prepared pursuant to Article 79(1) of MiCAR and approved by the Issuer, containing at least: type of placing and qualification as without firm commitment basis; applicable fees; operational process, timing and indicative calendar; price or price determination criteria; categories of recipients and any access criteria; main risks connected to the operation and to the crypto-assets offered.

‘Placing Initiative’

each operation of promotion and distribution of a crypto-asset made available by the Company to its clientele within the Placing Service under Article 79 of MiCAR. The Placing Initiative may relate to newly issued crypto-assets or to crypto-assets already being traded, including crypto-assets held in treasury by the Issuer.

‘Issuer’

the party responsible for the creation, issuance or, in any event, the granting to the Company of the mandate to promote and distribute the crypto-asset subject to a Placing Initiative.

‘MiCAR’

Regulation (EU) 2023/1114 of the European Parliament and of the Council of 31 May 2023 on markets in crypto-assets.

‘Order Summary’

the mandatory summary screen presented to the client before the final confirmation of the operation, containing at least: asset and quantity, total applicable price (Total Consideration), any explicit fees, indication of the service selected (Article 77 or Article 78 of MiCAR), role of the Company (contractual counterparty or intermediary), residual duration of the validity of the quote (Article 77 of MiCAR), moment and conditions of Order Finality.

‘Order’

the instruction entered into the Platform by the User concerning instructions of purchase, sale or exchange of Fiat Currencies or Crypto-assets. In the Bilateral Exchange Service under Article 77 of MiCAR, the instruction takes the form of a Request for Quote (RFQ) and does not constitute the entry of a persistent order in the system. Advanced order types (market order, limit order, conditional orders, GTC, IOC, FOK) are available exclusively in the Execution of Orders on Behalf Service under Article 78 of MiCAR.

‘OTC Desk’

operational unit of the Company dedicated to the assisted management of requests for bilateral exchange of significant amounts. The OTC Desk interacts with the Pricing Engine for the generation of quotes within the Bilateral Exchange Service under Article 77 of MiCAR and uses recorded communication channels (telephone or chat). The execution and settlement of the operation remain fully managed by the Platform’s IT systems.

‘PEP’

means “politically exposed persons”, as provided for in Article 1(2)(o) of Italian Legislative Decree No. 231/2007.

‘Custody Policy’

the Summary of the Crypto-Asset Custody Policy of Young Platform S.p.A., the document that describes the custody model adopted by the Company pursuant to Article 75 of MiCAR, the security safeguards, the asset segregation, the internal controls and the modalities of transparency towards the clientele. Such document forms an integral and substantial part of these Terms and Conditions and is made available to the client upon onboarding and in the dedicated section of the Platform.

‘Portfolio’ or ‘Wallet’

means the wallet present in the Young Platform Application and belonging to each registered User, because associated with their User Area. Such Wallet is necessary for the use of the Services and is specific for the custody of Crypto-assets.

‘Pricing Engine’

the internal application system dedicated to the determination of the price in the Bilateral Exchange Service under Article 77 of MiCAR, based on objective and pre-defined methodologies that aggregate market data from external sources selected according to documented criteria of liquidity, reliability and operational continuity. The Pricing Engine is logically separated from the Smart Order Router and is not activated in the Execution of Orders on Behalf Service.

‘Privacy Policy’

privacy policy that the User approves before using the Services that involve the processing of their personal data.

‘Profile’ or ‘Account’

means the personal profile created by each User in the specific “Profile” section, following registration, and is associated with personal data and the email. Each User may have only one personal profile linked to their identity.

‘Proof of Solvency’

weekly verification performed by the Company demonstrating the existence and full coverage of the aggregate positions of clients held in custody on the Platform, the outcomes of which are subject to oversight by the Board of Directors and the Compliance Function.

‘Rebalancing’

internal operations of liquidity management and reallocation of crypto-assets among operational wallets, custody environments or external venues, carried out by the Company in order to ensure operational continuity and adequate coverage of positions. Such operations do not constitute multilateral trading activity, do not entail interaction between clients and are carried out in a separate environment, without being able to activate or alter the flows of the bilateral module or of the execution module.

‘Registration’

is the registration process that the User must complete in order to access the Service and the User Area. Such process is analytically described in the “Registration” section of this document.

‘Reward’ and ‘Referral’

recognitions specifically indicated in the User Area and commensurate with the User’s activity within the gamification logic and/or in return for referrals or recommendations to third parties to turn to the Company for the quality and the performance of its products and services.

‘Resources’

hardware, Software and Content suitably configured by Young and accessible through the Internet using the interfaces that make the Services available.

‘External Execution Venue’

any crypto-asset trading platform, market maker or other third-party operator to which the Company may transmit orders within the Execution of Orders on Behalf Service under Article 78 of MiCAR. External venues do not constitute part of the Platform operated by the Company and do not share with it any matching system or order book.

‘Services’

means the services provided remotely to the User by Young Platform, that is, accessible through the Platform, consisting of the Bilateral Exchange Service under Article 77 of MiCAR, the Execution of Orders on Behalf Service under Article 78 of MiCAR, the Custody and Administration Service under Article 75 of MiCAR and, where activated, the advisory and portfolio management services pursuant to MiCAR.

‘Custody and Administration Service (Article 75 MiCAR)’

the service consisting in holding or controlling, on behalf of clients, crypto-assets or the means of access to the same, as well as in the administrative management of the related positions through systems of segregation, Internal Ledger and reconciliation. The regulatory responsibility of the custody service remains fully with the Company, even where it relies on qualified third-party technology providers.

‘Execution of Orders on Behalf of Clients Service (Article 78 MiCAR)’

the service through which the Company, acting as intermediary (agent) and not as counterparty, concludes an agreement of purchase or sale of crypto-assets on behalf of the client at an External Execution Venue selected according to the Execution Policy. In such service, the Company does not assume the market risk deriving from the price variation of the asset.

‘Bilateral Exchange Service (Article 77 MiCAR)’

the service through which the Company directly concludes with the client a contract of purchase or sale of crypto-assets, acting as contractual counterparty (principal) on the basis of a firm quote or of a price determined according to an objective and pre-defined methodology. The Company assumes, at the moment of Order Finality, an exposure to market risk that may subsequently be managed through hedging operations with third parties, legally and logically distinct from the contract concluded with the client.

‘Smart Order Router’

the application component used in the Execution of Orders on Behalf Service under Article 78 of MiCAR, which receives the order and transmits it to the External Execution Venue selected according to the Execution Policy, recording the related flows and confirmations. It is logically separated from the Pricing Engine and does not implement any internalisation or internal compensation mechanism between orders of different clients.

‘Software’

any set of instructions (programs and/or data) interpretable by a computer to direct the operation of its processor.

‘Sites’

means the website owned by the Company available at youngplatform.com and all related sub-domains, including Academy, Young Platform Step, base platform and PRO platform, considered indifferently.

‘Spread / Markup’

the economic component possibly incorporated in the price determined in the Bilateral Exchange Service pursuant to Article 77 of MiCAR, representing the difference between the reference price deriving from the market sources used by the Pricing Engine and the final price quoted to the client. Such component remunerates the bilateral service and reflects the Company’s operating costs, the management of liquidity and the temporary assumption of market risk. The determination criteria are formalised in internal documentation and applied according to objective and non-discriminatory parameters.

‘Tools’

identifies certain specific services to which the User may access only after having previously signed dedicated contractual conditions. The non-use and/or non-acceptance of the contractual terms and conditions of each tool does not affect the possibility of using the base services.

‘Total Consideration’

the overall economic consideration of the operation paid or received by the client, including the price of the asset and all the economic components directly connected to the operation (fees, Spread or other applicable costs).

‘User(s)’

means cumulatively and indifferently: (i) all parties browsing the Sites and/or in any case browsing the Platforms, regardless of whether they are registered or not; and also (ii) any natural or legal person, registered on the Young Platform Application, who uses the Services through the Platforms. It is understood that, with respect to natural persons, they must be at least 18 years of age to register on the Platform and/or use the Services.

‘Fiat Currencies’

means currencies having legal tender and legal status of money, that is, of inconvertible paper money, generally accepted as means of payment because declared legal tender by the issuing State, regardless of its intrinsic value.

‘YNG’ or ‘Young Token’

a crypto-asset other than asset-referenced tokens (ART) and e-money tokens (EMT) within the meaning of Article 3(1)(6) and (7) of Regulation (EU) 2023/1114, issued by the Company in accordance with Title II of MiCAR. The features, operational functions, embedded rights and the risks associated with YNG are fully described in the related white paper published by the Company pursuant to Articles 4 et seq. of MiCAR and available in the dedicated section of the Site (youngplatform.com/token-yng/), together with the further information made available on the Platforms.

Quests

Quests are interactive activities within the Platform that Users can complete in order to obtain Gems.

Gems

Gems represent a form of recognition awarded to the User following the satisfactory completion of specific Quests.

‘Young Platform’ or ‘Company’ or ‘Young’

means Young Platform S.p.A., with registered office at Via Francesco Cigna n. 96/17, Turin (TO), postcode 10155, VAT no. 11931440017, in the person of its legal representative pro tempore.

Subject Matter

This Agreement has as its subject matter the provision to the User of the Services referred to in the following Article 4 through the opening of the Profile.

In order to make use of the Services, the User shall access their reserved area on the Platform, after completing the Registration, Verification and Activation process referred to in Article 4 of this document. During the Registration phase, the User will receive a personal username and password, which are the Credentials that must always be used to access the Services, regardless of the Platform used (i.e. any of the Sites or the Mobile Application).

The Services are provided according to a structured and documented operating model, consistent with the provisions of MiCAR, the technical and functional architecture of which is described in the Company’s internal documentation. In particular:

• the Bilateral Exchange Service under Article 77 of MiCAR (Journey “Base”) is accessible to all verified Users;
  
• the Execution of Orders on Behalf Service under Article 78 of MiCAR (Journey “Pro”) is accessible to Users who use the Pro mode on the Platform;
  
• the Custody and Administration Service under Article 75 of MiCAR is a transversal infrastructure common to both operating models;
  
• the Platform neither organises nor operates a multilateral trading system pursuant to Article 76 of MiCAR; no internal multilateral order book nor matching mechanism between orders of different clients is implemented.
  

The amounts transferred and/or deposited, whether representing Fiat Currencies or Crypto-assets, entail for Young Platform an obligation to return the final value as reported on the Platform and not an obligation to return the fiat currency or the Crypto-asset transferred to the Platform itself. The effectiveness of this contract is therefore subject to the User making at least one deposit into the Wallet and to the correct completion of what is provided for in the following Article 4.

Third-party services are not governed by these Terms and Conditions. These contractual conditions are available on the Platform, together with any other information on the Services required by the applicable legislation.

Registration, Confirmation, Verification and Activation

4.1 Registration

In order to access the Services, it is necessary to complete the Registration process on the Application, thus creating one’s own Profile. To this end, during Registration, when filling in the dedicated Form, the User will be required to enter some or all of the following data:

• personal identification data;
  
• current and verifiable residential address;
  
• copy of identity documents (tax code and identity card/passport or driving licence);
  
• company identification data / registered office / VAT number / company email address;
  
• identification data of the legal representative and tax code;
  
• invoicing data and certified email address (PEC);
  
• proof of residence and/or historical residence certificate;
  
• mobile phone number of the account holder;
  
• commercial register extract (visura camerale) in the case of a legal entity;
  
• politically exposed person and/or family member of politically exposed persons (“PEP”);
  
• employment status, income and source of funds;
  
• Credentials, that is, email and password in order to access the personal/corporate profile.
  

Users shall be solely responsible for the truthfulness and updating of such information for the entire duration of the relationship with Young Platform. By Registering for the Service, the User accepts that Young Platform send information by email and/or SMS to facilitate the use of the Service.

With regard to the Registration by legal entities, the aforementioned data will be requested from the legal representative, with the Company reserving the right to request further information from the latter, including through communications by email and/or completion of ad hoc forms.

4.2 Activation

The Company reserves the right to refuse the Registration of a User if it is reasonable to assume that they will not comply with the Terms and Conditions and/or the Annexes or, in any event, if irregularities and/or inconsistencies are identified during the Registration phase preceding the verification, as defined below. If no formal irregularities and/or inconsistencies are identified at the end of the Registration phase, Young Platform will send the User a written communication by email confirming the completion of the Registration (the “Confirmation Communication”). Unless a different qualification is formally requested by the User and accepted by the Company at the end of a specific documentary verification of the requirements provided for by the applicable legislation, the User is classified as a retail client and benefits from the highest level of protection provided for by MiCAR. Access to the Journey “Pro” and to the Execution of Orders on Behalf Service under Article 78 of MiCAR is subject to the suitability assessment provided for by the Company and does not in itself determine the qualification of the User as a professional client. The Confirmation Communication will contain a link that the User must click to confirm their email, thus obtaining access to the Platforms in order to proceed with the use of the connected Services.

It is understood that the Company, prior to the Confirmation Communication, reserves the right to decide at its sole discretion whether to definitively accept and, therefore, authorise the contractual relationship with the applicant only following the positive outcome of the verification of the truthfulness and correctness of the data entered upon Registration, that is the KYC procedure (the “Verification”). Young Platform, at the end of the Verification phase, will therefore communicate to the User the activation of the Services through the Confirmation Communication (the “Activation”). It is understood that the foregoing may be subject to customisations if access is made through Authorised Distributors.

4.3 Credentials

The Credentials created by the User are valid for access to the Young Platform and Young Platform Pro Platforms. It is understood that the foregoing may be subject to customisations if access is made through Authorised Distributors.

The Credentials chosen by the User upon Registration must always be used by the User to access the Platforms and to use the Services. The User is required to keep their Credentials secret and secure and may not, under any circumstances, access the Profile of third parties.

The User may not communicate their Credentials to third parties and is responsible for maintaining the confidentiality of the information relating to their Profile, in particular of the Credentials. The parties mutually acknowledge that the User has the exclusive responsibility to manage any data or, in any case, any request from Young Platform, or mechanism, or validation tool, or double authentication, or similar, aimed at enabling the remote identification of the User, and aimed at preventing any form of abusive access to the account.

In the event of compromise of the Credentials, the User is required to promptly notify Young Platform by writing to [email protected], in order to be able to suspend the Account and prevent unauthorised transactions.

As a consequence, the User undertakes to bear any risk, prejudice, negligence, error, damage, cost or burden, none excluded, that Young Platform may suffer due to inadequate custody and preservation, by the User, of the Credentials due to improper or negligent use of any data, or in any case, of any request from Young Platform or mechanism or validation tool or double authentication or similar.

Users further undertake to promptly update the data provided upon Registration in the event of subsequent changes and variations. It is understood that Young Platform may not be held liable for any loss of Crypto-assets and/or Fiat Currencies directly or indirectly caused by the loss and/or sharing with third parties of the Credentials.

4.4 Rules of Conduct and Commitments of the Parties

Upon Activation of the Services, both the Company and the User, within their respective remits (always taking into account whether they are a natural or legal person), undertake to:

• adopt any and all security measures required by law that are suitable to ensure the protection and security, physical and logical, of their own documents, data and/or information and, in general, of their own IT system;
  
• operate in compliance with the legal provisions on workplace safety (Legislative Decree 81/08 as amended and supplemented), on personal data protection (Legislative Decree 196/03 as amended and supplemented, as well as EU Regulation 2016/679 – hereinafter “GDPR”), on civil and criminal protection of programs, data, IT systems, electronic communications and databases, and to oversee the conduct of their appointees;
  
• carry out any communications to the competent tax and administrative authorities that may be required in consideration of the digital storage of the documents indicated related to or connected with the Services and this document;
  
• comply with and contribute to the compliance with all European regulatory obligations on the reporting of activities of suspected money laundering and/or terrorist financing.
  

The use of the Service is permitted exclusively to the registered User. The User undertakes not to assign their Credentials to third parties and shall be responsible for the secrecy of the same. In this regard, Young Platform may not be held liable for any damages and/or losses caused by the loss and/or careless sharing of the Credentials with unauthorised third parties. In this regard, it is recalled that the Young Platform team may never request a copy of the Credentials, with particular regard to the password. Under no circumstances shall we contact clients by telephone to carry out transactions on their behalf and/or to recommend investments of any kind. Users are invited to report any non-compliant behaviour.

Young Platform Services and Use of the Platforms

5.1 Elements of the Services

The Services are offered to the User through the Platform, in Italian and may also be available in English and French. In case of divergence between the language versions, the Italian version prevails. The User undertakes to periodically check the instructions and regulations relating to the use of the Platforms and of the Services, as published on the website youngplatform.com, and accepts as of now any technical updates that will be adopted unilaterally by Young Platform and made available on the Sites.

5.2 Platform Architecture and Operating Model

The Platform is configured as a unitary technological infrastructure, organised in distinct but coordinated functional modules, designed to support in a coherent and traceable manner the crypto-asset Services referred to in Articles 75, 77 and 78 of MiCAR. The unitary nature of the technological environment does not entail any legal commingling between the services provided. Each order is qualified ex ante according to the Journey used by the client and the related operating module associated with it, with unique identification of the role assumed by the Company:

• principal in the Bilateral Exchange Service under Article 77 of MiCAR (Journey “Base”): the Company acts as contractual counterparty of the client, determines the price through the Pricing Engine and assumes the market risk until any hedging;
  
• agent in the Execution of Orders on Behalf Service under Article 78 of MiCAR (Journey “Pro”): the Company acts as intermediary and transmits the order to an External Execution Venue selected according to the Execution Policy, without assuming market risk.
  

No automatic transformation of an order qualified as bilateral under Article 77 of MiCAR into an order of execution on behalf under Article 78 of MiCAR, or vice versa, is permitted without a new explicit instruction of the client prior to Order Finality. The logical separation between the modules is ensured by the application distinction between the Pricing Engine (activated exclusively in the Journey Base) and the Smart Order Router (activated exclusively in the Journey Pro).

5.3 Description of the Services

With regard to the individual Tools, the User must preventively accept the terms and conditions in order to proceed with their activation, where required. It is understood that failure to accept the contractual conditions linked to each of the Tools will entail the impossibility of using the connected service.

In order to use certain specific Services and/or Tools, the In-App Purchase Feature is made available within the Young Platform mobile Application as a sole or alternative method of access. In order to verify which Services and/or Tools provide for the In-App Purchase Feature and how to access them, please consult the specific terms and conditions linked to each individual service, available on the Site at the following link: https://youngplatform.com/legal/.

The User, once the Verification phase of their account has been completed, by accessing the Platforms may:

• deposit Fiat Currencies, a minimum of Euro 20.00 (twenty/00), into their account. The deposit may be made through one of the payment systems accepted by Young Platform and available on the platform’s website;
  
• deposit/withdraw Crypto-assets to/from their Wallet, by selecting the Crypto-asset in which they intend to deposit/withdraw (e.g. BTC) and copying the wallet address provided therein and/or using the associated QR code. PLEASE NOTE: consult information on deposits on the website page: deposits and withdrawals;
  
• buy/sell Crypto-assets with the Fiat Currencies present in their Wallet through the Bilateral Exchange Service (Journey “Base”) or through the Execution of Orders on Behalf Service (Journey “Pro”), where activated. It is understood that the list of available Crypto-assets may be subject to variations on the basis of specific agreements with Authorised Distributors;
  
• convert their own Crypto-assets held in the Wallet into other Crypto-assets of a different nature (provided that they are present on the Platform);
  
• consult market data in the “Market” section where all available Tokens are listed (depending on the Platform used), as well as consult further information on the individual Crypto-asset under examination;
  
• consult their own Wallet where the Crypto-assets and the Fiat Currencies held are listed;
  
• consult educational material and/or news from the market in the “Homepage” and “Markets” sections;
  
• consult their personal Profile where the information communicated upon Registration is present; link the Young Platform Application with the Young Platform Step Application; implement additional security systems such as “authenticator”, biometric recognition, PIN/password change. In this section, these Terms and Conditions, as well as the Annexes, are always available for consultation. In the case of access through Authorised Distributors, such activity will be customised depending on the distributor;
  
• take advantage of the bonuses and promotions available in the Bonus Wallet section in the app or in the desktop version, including: the welcome bonus (whose regulation is available at the following link: https://youngplatform.com/legal/program-regulations-welcome-bonus/) and any further temporary promotions; the active referral bonuses (such as the “friends 5” bonus, whose regulation is available at the following link: https://youngplatform.com/legal/program-regulations-invite-friends-bonus/, and any further temporary promotions); various benefits and Rewards reserved for Club members, available at the following link: https://youngplatform.com/token-yng/clubs/;
  
• participate in Quests to obtain Gems and convert them into promotions and benefits, as described in the Terms & Conditions – Quest, which are deemed to be fully understood and accepted by the User;
  
• access the OTC Desk for transactions of significant amount or for the needs of professional clientele (Journey “Pro”), in accordance with the modalities described in paragraph 5.6.
  

5.4 Bilateral Exchange Service (Article 77 MiCAR) – Journey “Base”

In the Bilateral Exchange Service, the Company directly concludes with the client a contract of purchase or sale of crypto-assets, acting as contractual counterparty (principal). The Company therefore operates on its own account and acts itself as economic counterparty of the client’s operation, assuming the exposure to market risk that arises until any hedging management. The structure of the service is based on the following essential elements:

• determination of the price by means of the Pricing Engine, according to an objective methodology, pre-defined and formalised in internal documentation approved by the competent bodies of the Company. The methodology is based on the acquisition and aggregation of market data from external sources selected according to documented criteria (liquidity, operational continuity, technical reliability, average volumes). The sources and the methodology are described in the dedicated information document made available on the Site pursuant to Article 77(2) of MiCAR;
  
• presentation to the client of a firm quote valid for a given period of time, with indication of the Total Consideration (overall price including the commercial Spread applied by the Company and any explicit fees);
  
• mandatory Order Summary screen prior to the final confirmation, containing: asset and quantity, total applicable price (Total Consideration), any fees, express indication that the contractual counterparty is the Company, residual duration of the validity of the quote, moment of Order Finality;
  
• Order Finality at the moment of acceptance of the quote within the validity period: from such moment the contract is concluded, the Company assumes the legal obligation to execute the operation at the price displayed and the client’s resources are blocked in the custody system; the Internal Ledger is updated consistently with the variation of the positions;
  
• updating of the Internal Ledger and settlement of the operation, in ledger-based mode (Option A) or by means of on-chain delivery to a Pre-registered External Address previously chosen by the client (Option B).
  

Any hedging operation carried out by the Company with Liquidity Providers or external venues is legally and logically autonomous from the contract concluded with the client, does not modify the price applied to the client and does not affect the qualification of the service as a bilateral exchange. The client retains the option to compare the price quoted with the conditions available on other venues or market operators prior to acceptance.

Pursuant to Article 77(4) of MiCAR, the price applied to the client is the one accepted at Order Finality; the Pricing Engine may temporarily suspend the generation of new quotes for specific assets in the presence of abnormal market conditions, unavailability of the price sources or exceeding of the internal risk thresholds.

5.5 Execution of Orders on Behalf of Clients Service (Article 78 MiCAR) – Journey “Pro”

In the Execution of Orders on Behalf Service, the Company acts as intermediary (agent) and does not assume the role of contractual counterparty of the client nor the market risk. The service is structured in the following phases:

• receipt and qualification of the order as an operation under Article 78 of MiCAR, with preliminary blocking of the resources required in the client’s accounting position in the Internal Ledger; the resources remain blocked for the entire duration of the execution process and are automatically re-credited in case of non-execution;
  
• selection of the External Execution Venue through the Smart Order Router, in accordance with the criteria established in the Execution Policy (best execution factors: price, total costs, speed, likelihood of execution and settlement, size and nature of the order); the eligible venues are preventively assessed, and their list is defined in coherence with the Execution Policy;
  
• transmission of the order to the external venue through secure API channels; the identifier of the order, the venue selected and the transmission timestamps are fully recorded in the audit trail systems;
  
• receipt of the confirmation of execution from the external venue, containing at least: quantity executed, execution price, fees applied by the venue, date and time of execution, any unexecuted residuals;
  
• updating of the Internal Ledger and settlement of the client’s positions following the confirmation of execution (in ledger-based mode or by means of on-chain delivery to a Pre-registered External Address, where selected); the Execution Receipt is made available to the client through the application interface and retained for the period provided for by the applicable legislation.
  

Order types available in the Journey “Pro”: market orders, limit orders, conditional orders (stop), orders with time parameters (GTC, IOC, FOK), where supported by the External Execution Venue. Such types are managed by the external venues according to their respective operational rules.

Pursuant to Article 78(5) of MiCAR, where execution takes place outside an authorised trading platform, the Company shall obtain the express and prior consent of the client, recorded with a timestamp in the information systems. Such consent is obtained through a non-circumventable mechanism in the application interface. The User has the right to revoke such consent at any time for future operations; the revocation does not affect operations already executed. In case of revocation, the Company shall not be able to make use of such execution modality for the User’s subsequent orders.

Specific instructions from the client. Where the User provides specific instructions relating to the execution venue or to other parameters of the order, the Company complies with such instructions within the limits technically and legally permitted. In such cases, the Company informs the User that compliance with the specific instructions may prevent the full application of the measures provided for in the Execution Policy for the purpose of achieving the best possible result. The specific instructions are recorded in the information systems and associated with the order, allowing the ex post reconstruction of the logic followed in the execution.

The Company continuously monitors the effectiveness of the Execution Policy, verifying that the selected venues ensure over time an adequate level of execution quality. The outcomes of the verifications are the subject of periodic reports addressed to the Management Body. The Execution Policy is approved by the Management Body, reviewed at least annually and updated whenever material changes intervene.

5.6 OTC Desk

The Bilateral Exchange Service under Article 77 of MiCAR is also accessible, for operations of significant amount or for professional or institutional clientele, through the Company’s OTC Desk by means of recorded communication channels. It is understood that the reference to the Journey “Pro” identifies exclusively the technical-functional perimeter of access to the OTC Desk and does not affect the legal qualification of the operations carried out through such channel, which remain in any case Bilateral Exchange operations under Article 77 of MiCAR, distinct and autonomous from the Execution of Orders on Behalf Service under Article 78 of MiCAR. The OTC Desk operator preliminarily verifies the identity of the client and the ownership of the account on the Platform before the collection of the order parameters and the request for a quote. The operator does not have any discretionary power to determine the price, but is limited to querying the Pricing Engine and communicating to the client the quote generated by the system according to the pre-defined methodology. The quote communicated through the OTC Desk constitutes a firm quote pursuant to Article 77 of MiCAR, valid for a limited and pre-defined time interval communicated to the client during the quotation phase, after which the quote automatically loses effect and must be regenerated. The execution and settlement of the operation remain fully managed by the Platform’s IT systems and follow the same Fulfilment Flow of the standard Bilateral Exchange Service.

5.7 Custody and Administration Service (Article 75 MiCAR)

The Custody and Administration Service constitutes essential and transversal infrastructure with respect to the Bilateral Exchange and Execution of Orders on Behalf Services. The custody model adopted by the Company is fully described in the Custody Policy, which forms an integral part of these Terms and Conditions. In summary, the custody model is based on the following elements:

• the clientele’s crypto-assets are held in a secure, resilient infrastructure designed to ensure the integrity, availability and traceability of digital assets at all times. The clientele’s holdings are aggregated in a dedicated unified wallet formally registered in the name of Young Platform, but structured with accounting separation between the individual positions (omnibus model). Individual economic ownership is represented exclusively in the Internal Ledger by means of analytical accounting entries by client and by asset;
  
• segregation occurs through: (i) individual management of positions by means of unique deposit addresses and client identifiers; (ii) an analytical accounting system that ensures at all times the alignment between actual holdings and internal records; (iii) a set of automated controls and manual checks that validate every movement. The entire configuration is set up to exclude the clients’ crypto-assets from the active mass in case of insolvency of the Company;
  
• access to crypto-assets and their movement are subject to multi-level authorisation rules, based on: distribution of cryptographic keys among multiple authorised internal parties; use of secure signing devices subject to continuous monitoring and advanced authentication; pre-defined transaction policies governing limits, signing thresholds and approval criteria according to the nature of the operation. The system is designed in “block by default” mode: no operation can be executed outside the cases expressly authorised;
  
• the following are carried out: daily reconciliations, with regard to crypto-assets, between internal records and actual on-chain holdings; a weekly Proof of Solvency that demonstrates the existence and full coverage of the aggregate positions of clients; second-level controls by the Compliance Function; periodic audits, including independent ones. The custody of crypto-assets is the subject of constant oversight by the Board of Directors, which approves and updates the procedure, assesses residual risks and verifies the effective implementation of the measures provided for;
  
• the Company ensures, where technically possible, the management of the rights connected with the crypto-assets held on behalf of the clientele, such as: the allocation of tokens deriving from airdrops; the exercise of automatic or passive rights linked to the holding; the participation in distribution mechanisms compatible with the custody system. Each relevant event is assessed on a case-by-case basis; where it is not possible to safely proceed with the execution, timely communication is given to the client with the related reasons;
  
• each client can access in real time, through the User Area, the updated balance of their crypto-assets with the history of the operations carried out. On a monthly basis, a summary report is made available containing the balance, the operations of the period and any further relevant information. The return of the crypto-assets or of the means of access, pursuant to Article 75(6) of MiCAR, is performed without undue delay and, under ordinary conditions, within the first working day following the validation of the request, save for any deferrals due to: (i) supervening AML/CFT and Travel Rule checks; (ii) applicable restrictive measures or sanctions; (iii) documented technical impossibility, including unavailability or congestion of the relevant blockchain networks; (iv) security checks necessary to prevent unauthorised transactions.
  

The technical management of the custody infrastructure may rely on specialised technological solutions provided by qualified infrastructure providers (in particular, the technological infrastructure provided by Fireblocks Ltd., based on Multi-Party Computation technology for the management of cryptographic keys). Such providers operate exclusively as technology providers and do not assume the role of sub-custodian nor do they establish direct relationships with the clientele. The regulatory responsibility of custody pursuant to Article 75 of MiCAR remains fully with the Company.

The technical custody infrastructure is structured in environments differentiated by security and operational profile: hot wallets, for the immediate execution of clientele operations, and warm wallets, for the holding of the majority of the assets. The distribution of assets between such environments is determined exclusively by criteria of security, operational continuity and liquidity management, formalised in internal procedures, and does not affect the ownership or the legal availability of the client’s positions. Any substantial changes to the custody operating model are communicated promptly to the clientele, in compliance with the principles of good faith and contractual transparency. It is understood that the Company may suspend, limit or terminate the support of one or more crypto-assets for regulatory reasons (including the delisting of tokens not compliant with MiCAR), operational risk, liquidity risk, IT security risk or market risk. In such cases, the Company informs the User with reasonable advance notice, where possible, indicating the options available (external transfer to a Pre-registered External Address, conversion into other supported crypto-assets or into Fiat Currencies). After the expiry of the indicated period without the User having exercised one of the options, the Company may proceed with a residual measure of orderly wind-down of the position, giving notice to the User.

5.8 Protection of Deposited Fiat Currencies

The Fiat Currencies deposited by Users on the Platform are held by the Company at authorised credit institutions or payment institutions, in accounts separated from the Company’s own liquidity and dedicated to the clientele. The modalities of holding and safeguarding the fiat funds are described in the operational conditions of the Platform and in the information document made available on the Site.

It is recalled that the amounts in Fiat Currencies and the Crypto-assets held on the Platform constitute a credit of the User towards Young Platform S.p.A. and do not constitute electronic money, a bank deposit or a payment instrument protected pursuant to the directive on deposit guarantee schemes.

5.9 Portfolio Management and Advisory Services (where activated)

Where activated, the Company also provides the service of individual portfolio management on crypto-assets pursuant to Article 81 of MiCAR and the service of advice on crypto-assets. The operations generated within discretionary management are executed exclusively through the Execution of Orders on Behalf Service under Article 78 of MiCAR, through the Smart Order Router, in compliance with the Execution Policy. The Company does not assume the role of economic counterparty in management operations. The remuneration for the management service consists of management fees provided for in the mandate, distinct from the economic conditions of the individual operations executed.

Settlement and traceability. The subscription operations completed by clients are settled, according to the applicable operational flow, by means of recording in the Internal Ledger or, where provided for, by means of on-chain delivery to a Pre-registered External Address. The Company retains documentary evidence of each subscription, of the actual review of the Placing Information Document and of the outcomes of the settlement operation, in the terms provided for by the applicable legislation.

5.10 Crypto-Asset Placing Service (Article 79 MiCAR)

Conflicts of interest in the Placing Service. For each of the cases referred to in Article 79(2) of MiCAR, the Company adopts specific organisational and procedural safeguards, detailed in the Placing Procedure and in the Conflicts of Interest Notice. In particular, the following are subject to dedicated discipline: (i) the cases in which the Company or related parties have direct or indirect economic interests in the Issuer or in the crypto-asset being placed; (ii) the cases of contextual provision of other MiCAR services on the same crypto-assets (custody, exchange, execution, advice); (iii) the cases of receipt of fees or remunerations capable of influencing the selection or the promotion; (iv) the cases of possible preference or privileged treatment of specific clients; (v) the management of inside or sensitive information relating to the Placing Initiatives, including by means of blackout periods and limitations on the personal transactions of the relevant persons.

Reinforced safeguards for Initiatives concerning crypto-assets issued by the Company. Where the Placing Initiative concerns crypto-assets issued by the Company itself or by parties belonging to the same group (including the YNG utility token, qualified as a crypto-asset other than ART/EMT pursuant to Title II of MiCAR and the subject of a published white paper), reinforced safeguards apply pursuant to Article 79(2) of MiCAR. In particular: (i) the regulatory assessment of the Initiative is conducted with the direct involvement of the Compliance Function and the Risk Management Function; (ii) the Placing Information Document is subject to reinforced verification of completeness, clarity and non-misleading nature; (iii) the direct or indirect economic interests of the Company or of the relevant persons in the project are identified, segregated and managed in accordance with the Conflicts of Interest Notice; (iv) the circumstance that the crypto-asset is issued by the Company is the subject of express and immediately perceivable disclosure to the client within the Placing Information Document and the subscription interface.

Pre-placing disclosure. Prior to the client’s subscription to each Placing Initiative, the Company makes available, in a durable medium, the Placing Information Document containing the information required by Article 79(1) of MiCAR. The client is required to confirm review thereof through the Platform interface, in a non-circumventable manner, prior to being able to finalise the subscription. The information contained in the Placing Information Document is approved in advance in writing by the Issuer, pursuant to Article 79(1), second subparagraph, of MiCAR, by means of a written agreement, traced documentary exchange or other equivalent modality.

Distinction with respect to the Bilateral Exchange Service under Article 77 of MiCAR. The possible use of the application infrastructure of the Bilateral Exchange module for the execution and settlement phase of the operations vis-à-vis clients is limited to the technical-operational layer and does not determine the requalification of the service provided. In the Placing Service, the Company acts as a party in charge of the distribution by mandate of the Issuer, does not assume structural inventory risk and acquires the crypto-assets exclusively to the extent necessary for the settlement of the subscriptions of the final clients.

The Placing Initiative may relate to newly issued crypto-assets or to existing crypto-assets, including those held in treasury by the Issuer and subject to a structured distribution campaign. The qualification of the service as placing under Article 79 of MiCAR is determined by the mandate received from the Issuer or from the person seeking admission to trading, regardless of the circumstance that the crypto-asset is already traded on other venues.

Where activated for specific initiatives, the Company provides the crypto-asset placing service pursuant to Article 79 of MiCAR on a without firm commitment basis. The Company does not assume any firm subscription commitment vis-à-vis the Issuer, does not preventively purchase on a definitive basis the tokens being placed for inventory or autonomous distribution purposes and does not guarantee to the Issuer the successful outcome of the operation.

5.11 DeFi Wallet Technical Service (non-custodial wallet)

The Platform makes available to Users a technological infrastructure called “DeFi Wallet”, configured as a non-custodial wallet (unhosted wallet). Such module operates outside the perimeter of the services regulated by MiCAR: the Company does not hold, control or have access to the User’s private cryptographic keys, nor is it able to dispose of the assets held therein. Young Platform acts in such context exclusively as a provider of software technological infrastructure, without assuming the role of counterparty, custodian or intermediary in the operations carried out by the User on the blockchain.

The DeFi Wallet is not activated by default. Prior to activation, the Platform presents a clear and non-circumventable notice illustrating: (i) the exclusion from the MiCAR perimeter; (ii) the absence of any role of Young Platform as counterparty, custodian or intermediary; (iii) the exclusive responsibility of the User for the custody of the private keys and the transactions. The User is required to expressly confirm review thereof before the module becomes operational. The transfer of crypto-assets from the custodial portfolio to the DeFi Wallet constitutes an on-chain transfer to an external address (unhosted wallet), managed in compliance with the AML legislation and the Travel Rule.

The management of the private keys of the DeFi Wallet is implemented through Multi-Party Computation (MPC) cryptographic technology with a 2-of-2 signature scheme: one key share is generated and stored in encrypted form in the maximum security area of the User’s mobile device (Secure Enclave); the second share is stored in a secure hardware enclave managed by the qualified technology provider on which the Company relies. In order to authorise a transaction, the User must provide their explicit consent through local biometric authentication of the device, which activates the joint cryptographic computation between the two shares without the private key in its entirety ever being reconstructed. The Company has, at no time, visibility, access or control over the key share present on the User’s device nor over the on-chain funds.

The architecture provides for a mandatory encrypted backup of the key share on the User’s personal cloud (e.g. Apple iCloud or Google Drive), to mitigate the risk of loss of the device. Should the User intend to cease the use of the Company’s technical infrastructure, the system allows the User to reconstruct, fully autonomously, their own private key (Full Key Takeover), in order to import it into third-party non-custodial wallets and to freely dispose of their on-chain funds, without any dependence on the Platform.

The DeFi Wallet implements the paradigm of account abstraction (ERC-4337), whereby the holding of on-chain funds takes place within a dedicated Smart Contract Wallet. Through a component called Paymaster, the Company offers the User the technical option to pay the network fees (gas fees) in alternative tokens or to benefit from sponsored transactions where available. The estimated transaction costs are always made evident to the User prior to execution; recourse to the facilitated modalities is optional, and the User may always choose to bear the network fees in the native currency of the blockchain. Prior to any on-chain operation, the interface presents to the User a human-readable summary indicating the destination protocol and the exact amount of the fees.

The Company implements technical safeguards (guardrails) that limit the operation of the DeFi Wallet to protocols, assets and blockchain networks preventively analysed and enabled on the basis of objective technical criteria (availability of public audits, maturity and operational continuity of the protocol, transparency of the on-chain governance). Such restrictions are applied at the infrastructure level and prevent the User from interacting with smart contracts not provided for by the technological offer of the Platform. It is understood that, with reference to any lending, borrowing, staking or other interaction operations with third-party decentralised protocols carried out by the User through the DeFi Wallet, the Company does not assume any role of counterparty, lender, borrower, liquidity provider, custodian or intermediary, nor does it provide credit, savings collection or credit intermediation services: such operations are concluded directly between the User and the decentralised protocol by means of cryptographic signature of the transaction performed by the User with their own key. The selection of the enabled protocols does not constitute financial recommendation nor any guarantee as to their operation, security or the economic outcomes of the operations that the User autonomously chooses to carry out.

5.12 User Interface, Order Summary and Visual Separation between Services

The Platform is designed in such a way as to make immediately perceivable to the client the distinction between the services provided. The interface always makes evident, prior to Order Finality: the service used (Article 77 or Article 78 of MiCAR), the role of the Company (principal or agent), the contractual counterparty of the operation, the nature of the price displayed (firm quote or expected execution price), fees and Total Consideration, moment and conditions of Order Finality.

The Order Summary constitutes a mandatory step prior to the final confirmation. The client is required to expressly confirm the content thereof. The technical architecture prevents that after Order Finality the price may be unilaterally modified, save for objective and documented circumstances (serious technical malfunctions, regulatory suspensions). The Platform does not use wording or graphic representations that may suggest the existence of an internal multilateral system or of a matching mechanism between clients in the context of the Service under Article 77 of MiCAR.

5.13 Third-Party Software

The Company has among its purposes the distribution and dissemination of decentralised technologies as well as their connection with software that facilitates their use; therefore, in an appropriate section of the site, and following the signing, where necessary, of specific terms and conditions, the Company makes available third-Party software. In this regard, Young Platform may not be held liable for any disruptions caused by such third parties, as they are not under the direct domain and control of Young. In any case, please report any issues to the following email address: [email protected].

5.14 Ancillary Services

For the performance of any activity necessary, useful or functional to the preparation, management and provision of the Services, the Company makes use of trusted partners, employees and/or collaborators. Moreover, part of the services present on the Platforms is composed of technological components also from third parties.

Fees and Pricing

Users, through the Platforms, may proceed with the purchase of the Services offered by Young Platform, proceeding directly to payment thereof at the time of the Order, by means of the modalities indicated, accepted and published within the Platform.

Young Platform is indisputably entitled to set or vary, unilaterally and at its sole discretion, the Fees and Pricing by means of publication in the relevant section on the Platforms. The User acknowledges that the Fees and Pricing may be determined by Young Platform either in a fixed amount or as a percentage in relation to the amount of the individual Order or of the individual transaction executed. Type and amount of the Fees and Pricing, save where access is made through Authorised Distributors. The fees applicable to any Placing Initiatives provided by the Company pursuant to Article 79 of MiCAR are indicated, for each Initiative, in the Placing Information Document made available to the client prior to subscription (in such case Fees and Pricing will be available on the dedicated platform of the Authorised Distributors), and are identified in the document available at: exchange.youngplatform.com/it/fees.

In the Bilateral Exchange Service under Article 77 of MiCAR, the Company’s remuneration may be incorporated in the price determined by the Pricing Engine in the form of a Spread with respect to the market reference prices, in addition to any explicit fees. The Total Consideration (overall price including all the economic components) is always displayed to the client in the Order Summary prior to Order Finality. The Total Consideration and any other economic component applicable to the individual operation (explicit fees, Spread, network costs) are communicated to the client in an individualised manner prior to Order Finality and confirmed on a durable medium in the execution receipt made available in the User Area. In the Execution of Orders on Behalf Service under Article 78 of MiCAR, the Company’s fees are added to the price resulting from the execution at the External Execution Venue, as communicated in the Order Summary.

It is understood that the Fees and Pricing may be subject to customisations (always available on the site). The detailed fee schedule for each service and type of operation is set out in the Fees and Pricing Notice, which forms an integral and substantial part of these Terms and Conditions, and is provided to the client at onboarding, in a durable format, together with the versions made available in the “Fees and Pricing” section of the Platform, and in Annex A to these Terms & Conditions.

In addition, the Company represents that the exhaustive list of the crypto-assets offered on the Platform is set out in the following Annex B to these Terms & Conditions.

Both Annexes form an integral part of this document.

Orders

The following applies where the User uses the Services to buy and sell Crypto-assets for Fiat Currencies or vice versa, or to exchange Crypto-assets for another form of Crypto-assets.

7.1 Authorisation

When submitting a new Order through the Services, the User authorises Young Platform to execute a transaction in accordance with such Order and to charge to the User any applicable fees (as described in the “Fees and Pricing” section).

7.2 Independence Relationship

The User acknowledges and accepts that:

• in the Bilateral Exchange Service under Article 77 of MiCAR, the Company acts as contractual counterparty of the client (principal) and not as broker, intermediary, agent or adviser;
  
• in the Execution of Orders on Behalf Service under Article 78 of MiCAR, the Company acts as intermediary (agent) on behalf of the client and does not assume market risk;
  
• no communication or information provided by Young Platform shall be considered or interpreted as investment advice, financial advice, business advice or any other type of advice;
  
• all operations are carried out automatically, on the basis of the parameters and instructions of the Order requested by the User and in accordance with the Services offered to the User;
  
• the User is solely responsible for the determination of the parameters and instructions of an Order;
  
• the User is aware of the possible risk of loss of the entire balance present on their Wallet that may arise from the purchase, sale or holding of Crypto-assets and, also, that such risk is exclusively dependent on their decisions concerning such operations on Crypto-assets and/or in any case through the Services;
  
• Young Platform does not recommend the purchase, sale or holding of any Crypto-asset. Prior to undertaking any of the aforementioned operations, the User should conduct their own analysis (i.e. “due diligence”) in order to assess all aspects of the Crypto-asset they wish to purchase, sell or hold;
  
• Young Platform shall not be held liable for the decisions that the User takes on the purchase, sale or holding of Crypto-assets on the basis of the information provided by the Company.
  

7.3 Exchange Confirmation and Order Finality

In the Bilateral Exchange Service under Article 77 of MiCAR, Order Finality coincides with the acceptance of the firm quote within the period of validity indicated in the application interface. From that moment: the contract between the client and the Company is deemed concluded for the purposes and effects of Article 77(3) and (4) of MiCAR, with the consequent irrevocability of the operation; the Company assumes the legal obligation to execute the operation at the price displayed; the client’s resources are blocked in the custody system; the Internal Ledger is updated consistently with the variation of the positions. Any cases of non-execution after Finality are limited to objective and documented circumstances (serious technical malfunctions, regulatory suspensions or supervening AML/CTF, manifest errors) and are subject to recording and internal verification.

In the Execution of Orders on Behalf Service under Article 78 of MiCAR, the order becomes irrevocable at the moment in which it is taken in charge for execution towards the external venue. The resources required are blocked in the Internal Ledger and are automatically re-credited in case of non-execution. The conclusion of the operation and the definitive updating of the positions take place following the confirmation of execution received from the External Execution Venue. The Execution Receipt is made available to the client through the application interface and retained for the period provided for by the legislation.

Once the User has executed an Order through the Platform, a confirmation relating to the details of the purchase and sale will be made available electronically. The User acknowledges and accepts that the absence of such confirmation on the Platform shall not prejudice or invalidate the terms of such Order.

Direct purchase with card or through Apple Pay / Google Pay (so-called “Direct Buy”): within the Bilateral Exchange Service under Article 77 of MiCAR, where the User accesses the firm quote by means of direct purchase with payment card or through Apple Pay or Google Pay, the Order Finality and the consequent successful outcome of the operation are subject to the completion, by the User, of the related deposit within the period of validity of the firm quote, equal to 30 (thirty) seconds from the relative generation, as indicated in the application interface. After the expiry of such period without the deposit having been completed, the quote automatically loses effect and the Order is not finalised; the User shall be required to request the generation of a new quote in order to proceed with the operation.

7.4 Exchange Rates and Price Formation

It being understood that the User acknowledges and accepts that the information on exchange rates made available through the Services may differ from the exchange rates made available through sources outside the Services, the Company undertakes to give effect to the Orders submitted by Users without any guarantee of execution, on a commercially reasonable basis, bound by the market conditions available from time to time.

In the Bilateral Exchange Service under Article 77 of MiCAR, the price is determined by the Pricing Engine according to an objective and pre-defined methodology. The price proposed may include a Spread; the client always views, prior to Finality, the Total Consideration including all the economic components. Pursuant to Article 77(4) of MiCAR, once Order Finality has been reached, the Company is required to execute the operation at the price displayed.

7.5 Market Volatility

In particular during periods of high volume, illiquidity, rapid movements or volatility of the market for any Crypto-asset or Fiat Currency, the actual exchange rate at which an Order is executed by the Platform under Article 78 of MiCAR may differ from the exchange rate previously indicated, at the time of submission of the Order by the User. The User understands that the Company is not liable for such price fluctuations.

In the event of a market disruption or force majeure event, Young Platform may carry out one or more of the following operations: (a) suspend access to the Services; or (b) prevent the completion of any action through the Services, including the closure of any open Order. The User acknowledges that, following a disruption or force majeure event, the actual exchange rates at which the Orders are executed may differ significantly from the rates previously indicated to such circumstances. It is understood that in such case Young Platform shall not be required to make any compensation and/or refund.

Risk Disclosure

8.1 Risks of Purchase and Sale

The User acknowledges and accepts that they access and use the Services at their own risk. The risk of loss in the purchase and sale of Crypto-assets and/or Fiat Currencies may be substantial. The User must therefore carefully assess whether such operations are suitable for their position, in light of their circumstances and their financial resources.

The User must also be aware of the following:

• they may suffer a total loss of the balance present on their Wallet;
  
• in certain market conditions, it may be difficult or impossible to execute an Order. This may occur, for example, when there is insufficient liquidity on the market;
  
• the entry of contingent orders shall 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 may make the execution of the order itself impossible;
  
• in the Execution of Orders on Behalf Service under Article 78 of MiCAR, the actual execution price is determined by the External Execution Venue and may differ from the indicative price displayed at the time of submission of the order;
  
• all operations on Crypto-assets entail risk, and a “market” position may not be less risky than a “long” or “short” position;
  
• the value of Crypto-assets is subject to high volatility and may undergo sudden and significant variations in a very short time, even being completely zeroed;
  
• Crypto-assets do not benefit from guarantee schemes analogous to those provided for bank deposits or for financial instruments;
  
• in no way may Young Platform be held liable towards the User for losses and/or other damages, save for cases of wilful misconduct and, with regard to the Custody Service under Article 75 of MiCAR, in accordance with what is provided for in Article 13.1 of this contract. In any event, should it be held liable for the Services under Articles 77 and 78 of MiCAR, such liability may not in any case exceed the value of the Fiat Currencies or Crypto-assets deposited by the User on their account, so that any damage that may be suffered by the User is limited to a value not exceeding that corresponding to the amount of the deposits present on the Wallet, and therefore net of the operations executed.
  

8.2 Risks Arising from Third-Party Software and Activities

The platform incorporates third-party software and services, including by way of example the services distributed on the marketplace. Young takes care that such services are performed in the best modalities and with the necessary skill and attention. Notwithstanding the foregoing, Users expressly indemnify Young from any damages and/or losses recorded as a result of the activation and/or use of third-party software, with particular regard to the solutions made available by Young on the Platforms.

8.3 Risks Connected with the DeFi Wallet

The operations carried out through the DeFi Wallet do not fall within the scope of MiCAR and do not benefit from the protections provided for therein. The exclusive responsibility of the custody of the private cryptographic keys and of any transaction lies with the User. Young Platform does not assume any role of counterparty, custodian or intermediary in the transactions carried out by the User on the blockchain. It is reported in particular that: (i) the loss of the private keys entails the irreversible loss of access to the crypto-assets; (ii) blockchain transactions are irreversible; (iii) the User is exposed to the risks inherent in DeFi protocols, including smart contract risk, insufficient liquidity and cyberattacks on third-party protocols.

8.4 Custody Risks

The User is aware that the Crypto-assets held in custody by the Company pursuant to Article 75 of MiCAR are subject to the technical risks inherent in the custody infrastructure (malfunctions, cyberattacks, temporary unavailability). The Company adopts the security measures described in the Custody Policy to mitigate such risks. In case of loss attributable to the Company, the liability regime referred to in Article 13.1 applies.

Pre-Contractual Information, Transparency and Conflicts of Interest

9.1 Pre-Contractual Information pursuant to MiCAR

In compliance with the transparency obligations provided for by MiCAR, the Company makes available to the client, prior to the conclusion of the contract and in the dedicated section of the Site (youngplatform.com/legal/), the following information:

• for the Bilateral Exchange Service under Article 77 of MiCAR: the price determination methodology, the modalities of formation of the firm quote, any economic components incorporated in the price (Spread), the selection criteria of the market data sources, the Order Finality conditions;
  
• for the Execution of Orders on Behalf Service under Article 78 of MiCAR: the full Execution Policy, the best execution factors applied, the execution venues used, the modalities of treatment of the client’s specific instructions, the conditions for execution outside an authorised trading platform;
  
• for the Custody Service under Article 75 of MiCAR: the Custody Policy, the segregation model adopted, the security measures, the reconciliation modalities and the business continuity safeguards;
  
• the Fees and Pricing applicable to each service;
  
• the Conflicts of Interest Notice;
  
• the information on the risks associated with crypto-assets;
  
• the complaints procedures available;
  
• the information on the Company’s liability regime, including the special regime provided for by Article 75(8) of MiCAR for the custody service.
  

Post-operation reporting for the Service under Article 78 of MiCAR. Following each operation executed within the Execution of Orders on Behalf Service, the Company makes available to the client the Execution Receipt through the application interface. The Company also makes available to the client, in the User Area, the history of the operations executed and the related execution conditions, allowing the verification of the coherence with the applicable best execution criteria.

Such information is updated whenever material changes intervene. The User is invited to periodically consult such section.

9.2 Conflicts of Interest

The Company adopts and maintains effective organisational measures and procedures to identify, prevent and manage the conflicts of interest that may arise in the provision of the Services, in compliance with Article 72 of MiCAR. In particular:

• in the Bilateral Exchange Service under Article 77 of MiCAR, the Company acts as counterparty of the client; such structural configuration in itself constitutes a situation of potential conflict of interest, which is managed through transparency on the role of the Company, the objective determination of the price through the Pricing Engine and the disclosure of the Total Consideration prior to Order Finality;
  
• in the Execution of Orders on Behalf Service under Article 78 of MiCAR, the Company declares not to receive at present any fees, rebates, payment for order flow or other monetary or non-monetary economic benefits from trading venues, market makers, liquidity providers or other external counterparties capable of affecting the determination of the execution conditions; any future economic benefits would in any event be subject to prior assessment by the Compliance and Risk Functions and to disclosure to the client, and could in no case compromise the best execution obligation;
  
• the selection of the External Execution Venues and of the Liquidity Providers takes place according to objective and documented criteria, not influenced by the Company’s own interests in conflict with those of the client. In the Placing Service under Article 79 of MiCAR, the Company applies specific safeguards for each of the conflict cases envisaged by Article 79(2) of MiCAR, in accordance with the provisions of the relevant paragraph of the preceding Article 5.10 and of the Placing Procedure; such safeguards include, in particular, functional segregation of the relevant activities, internal approval and control processes of the Placing Initiatives, monitoring by the Compliance and Risk Management Functions and reinforced disclosure obligations towards the clientele.
  

The Conflicts of Interest Notice is available on the Site and forms an integral part of the Annexes. In cases of conflict situations not manageable through the measures adopted, the Company informs the client prior to proceeding with the operation.

Processing of User Data

Young Platform undertakes to process the User’s Personal Data acquired in the context of the performance of the contract in the forms and within the limits imposed by the applicable legislation. The details relating to the processing of the User’s Personal Data are defined within the specific information notice provided to them prior to the conclusion of the contract.

User Responsibility

The User shall: a) save regularly and securely the data uploaded and stored in their personal area on the Platform and create backup copies, in order to recover such data in case of loss (including reports and transaction histories); b) respond promptly to the requests of Young Platform necessary for the latter to fulfil the obligations imposed by the applicable legislation; c) report promptly and accurately to Young Platform functional faults, malfunctions or damages to the Platform and to the Services; d) ensure that the devices through which they access the Platform and the related software components do not cause any prejudice to Young Platform, to the Platform or to other clients; e) indemnify and hold harmless Young Platform for all costs, losses and claims for damages, including those of other clients of Young Platform and of third parties, including the supervisory Authorities, the judicial Authority and any other public Authority, that may arise against Young in case of breach of the obligations deriving from this contract by the User, including the prejudices that may derive to Young Platform in the event that the documentation and data provided by the User under their exclusive responsibility prove to be false, unsuitable or incomplete; f) maintain confidentiality of their own Credentials; g) under no circumstances use the Profile of another User; h) use only accounts and/or cards held in the name of the User.

The User is responsible for all costs, including the costs of legal defence, borne by Young Platform for any breach of third-party rights caused by the User in the performance of this contract, including the use of the Platform or of the Young Services.

Suspension and Limitation of Young Platform Services

The User accepts that access to the Platform and the Services may be temporarily unavailable, suspended or limited in the case of scheduled maintenance events or of events outside the control of Young Platform, which may not be held in any way liable for such circumstances. By way of mere example and not exhaustively, the following are considered events outside the control of Young: force majeure events, acts of third parties not acting on behalf of Young Platform, technical conditions relating to the internet that cannot be influenced or controlled by Young, malfunctions of the devices used by the User, cyberattacks and cases of unscheduled maintenance. Young Platform promptly informs the User in the event of scheduled maintenance events that render the Platform and/or the Services temporarily unavailable or that limit access thereto.

In case of unavailability, suspension and limitation of the Services or of access to the Platform, Young Platform undertakes to resolve the related issues and to restore the full functionality of the Services owed to the User within a reasonable period of time, taking into account the interventions necessary for the purpose. In case of breach of the contractual obligations by the User, Young Platform has the right to adopt reasonable measures to prevent damages to the Platform and ensure the availability of the Young Services. Such measures may include the partial or total limitation of access to the Platform and to the Young Services by the User, as well as, in certain serious cases, the total blocking of operations.

Young Platform is released from any liability towards the User in cases where the breach or delay in the performance of the obligations under these Terms and Conditions are due to force majeure events. For the purposes of this contract, a force majeure event is considered any event or circumstance that escapes the reasonable control of Young Platform, that could not have been avoided by the latter by resorting to the diligence, prudence and skill of a reasonable and prudent operator and that has the effect of preventing Young Platform from fully or partially complying with the obligations assumed by it under the contract. By way of example and not exhaustively, the following are considered force majeure events: acts and measures of the public authority, general strikes, absolute lack of means of transport, war, riot or other military actions, floods, natural catastrophes, pandemics or any other unforeseeable event that escapes the reasonable sphere of availability of Young Platform and that prevents the full and correct performance of the contract.

Liability of Young Platform

13.1 Liability for the Custody and Administration Service (Article 75(8) MiCAR)

In the Custody and Administration Service of crypto-assets pursuant to Article 75 of MiCAR, the Company is liable towards the client for the loss of the crypto-assets attributable to it.

The Company is exempted from such liability only where it demonstrates that the loss derived from an event external to its reasonable control whose consequences could not have been avoided even by adopting all the due diligence required, in accordance with Article 75(8) of MiCAR.

In case of loss attributable to the Company, the compensation is equal to the market value of the lost crypto-assets at the moment in which the loss occurred, or to the value necessary to return crypto-assets of the same type and quantity, at the Company’s choice. The compensation is paid without delay, once the loss and the related amount have been ascertained, by means of re-crediting to the client’s account or, where preferred by the client and technically possible, by means of transfer of the equivalent crypto-assets to a Pre-registered External Address.

Where the loss is attributable to a third-party technology provider on which the Company relies for the management of the custody infrastructure, the Company shall in any event be liable in full towards the client, without prejudice to its right of recourse against the provider.

The client must communicate to the Company the loss of the crypto-assets without undue delay and in any event no later than the term provided for by the applicable legislation, in order to allow the necessary checks and corrective actions. The determination of the market value for the purposes of compensation is made on the basis of the quotations recorded at the moment of the occurrence of the damaging event (Liability Incident), as reconstructed at the outcome of the internal verifications and, where available, of the on-chain evidence.

13.2 Liability for the Bilateral Exchange Service (Article 77 MiCAR) and for the Execution of Orders on Behalf Service (Article 78 MiCAR)

For the Bilateral Exchange Service under Article 77 of MiCAR, for the Execution of Orders on Behalf Service under Article 78 of MiCAR and for the Placing Service under Article 79 of MiCAR, Young Platform is liable towards the User exclusively for direct and immediate damages deriving from a breach of these Terms and Conditions due to wilful misconduct or gross negligence of Young Platform. In such context, the liability regime provided for by Article 75(8) of MiCAR, which refers exclusively to the custody component, does not apply.

Young Platform shall not in any way be liable towards the User for the conduct of any partner and/or service provider of Young Platform and/or third party providing services in favour of the User through the Platform, with the exception of the case in which the technology provider operates as a component of the custody service in accordance with what is described in paragraph 13.1. Furthermore, Young Platform may not be held liable for any issues relating to the access of Users who use Authorised Distributors, where such issues are linked to the platforms and/or services of said Authorised Distributors.

Complaints and Dispute Resolution Procedures

14.1 Complaints Procedure

The User who believes they have suffered a prejudice within the contractual relationship with the Company may submit a written complaint to Young Platform through the following channels:

• email: [email protected];
  
• online form: available on the Platform’s website
  
• registered letter with return receipt: Young Platform S.p.A., Via Francesco Cigna n. 96/17, 10155 Turin (TO).
  

The complaint must contain: first and last name of the User, account number, detailed description of the issue and of the disputed operation, date of the disputed operation or event, the solution or remedy requested. The Company undertakes to provide a reasoned response within 30 (thirty) calendar days from the receipt of the complaint. In case of exceptional complexity, the Company shall give notice thereof to the User indicating the term within which it will provide a response.

14.2 Alternative Dispute Resolution (ADR)

Should the User not be satisfied with the response received, or in case of failure to respond within the periods provided for, they may have recourse to the alternative dispute resolution mechanisms (ADR) provided for by the applicable legislation, including those possibly designated by the competent Authority pursuant to MiCAR. In particular, the User who qualifies as a consumer may turn to the ADR body designated by the competent Authority pursuant to Article 71 of MiCAR, or, failing this, to the alternative dispute resolution bodies registered in the list maintained by the Italian Ministry of Justice pursuant to Legislative Decree No. 28 of 4 March 2010; for the component of services connected to payment or electronic money operations rendered by third agreed parties, the option to have recourse to the Banking and Financial Arbitrator (Arbitro Bancario Finanziario) remains within the limits of its relevant competence. Without prejudice to the aforementioned out-of-court remedies, the User retains the right to bring the matter before the competent judicial Authority pursuant to Article 23 of this contract.

Duration, Termination of the Contract and Right to Suspend

The User acknowledges and accepts that this contract is concluded for an indefinite term. The User may withdraw from the relationship with Young Platform at any time, by communicating it to Young Platform by deleting their Account, without the need to provide any reason.

In turn, Young Platform may withdraw from the contractual relationship by communicating it to the User in writing (also through email and/or communication on the Platforms) with at least 30 (thirty) calendar days’ advance notice, without the need to motivate its decision.

Young Platform has the right to immediately terminate the contractual relationship, by communicating it in writing to the User (also through email and/or communication on the Platforms), where one of the following circumstances occurs: a) the User does not pay the fees of any kind due within 5 (five) days from the moment in which Young Platform communicates to them that it has not received the payments due; b) the User does not provide within 10 (ten) days to Young Platform the information and data in the User’s possession that Young Platform requests in order to fulfil obligations imposed by the applicable legislation; c) the User uses the Services for purposes contrary to the law, to the Terms and Conditions, to public order or to good morals; d) the User causes damages to the Platform or to the Services through wilful misconduct or gross negligence, through the use of unauthorised software solutions, malware or other analogous IT instruments; e) the User engages in conduct negatively assessed by the Company and/or that may entail a reputational risk for the same; f) the User does not access the Platform for more than 365 (three hundred and sixty-five) consecutive calendar days; g) the User is present in anti-crime, anti-terrorism and anti-money laundering lists, it being understood that in such latter case the Company reserves the right to immediately suspend the contractual relationship with the latter by unilaterally closing the account (subject to re-crediting of the holdings).

Where, in case (f) above, the User remains inactive for more than 365 (three hundred and sixty-five) calendar days, Young Platform will communicate to them that, should they not access the Platform within the following 15 (fifteen) calendar days, Young Platform will proceed with unilateral withdrawal (with 30 days’ advance notice) and the consequent closure of the account, thus interrupting the contractual relationship. It is understood that what is identified in paragraph (f) of this Article shall not apply where the User accesses the Services through Authorised Distributors.

In the event of holdings on the Wallet of a User, at the moment of closure, Young Platform will proceed with the re-crediting of said holdings to the User’s bank account, subject to confirmation of the data for the re-crediting by the User. Should the User wish to receive their crypto-assets in kind rather than their countervalue in Fiat Currencies, they must indicate to the Company a compatible Pre-registered External Address within 14 (fourteen) calendar days from the communication of closure of the relationship; failing which, the Company shall proceed with conversion into Fiat Currencies in accordance with the provisions of the previous sentence. Where the holdings are in Crypto-assets, Young Platform will proceed with the conversion thereof into Fiat Currencies prior to the re-crediting to the User’s bank account, who will therefore receive the countervalue in Euros in their bank account. It is understood that in case of failure to respond by the User to the first email and to the subsequent two reminders, Young Platform will not proceed with the re-crediting of the residual balance, regardless of its amount. If the residual balance, including any non-compliant deposits, is below 3.99 Euros, it will be retained by Young Platform. If the residual balance is between 3.99 Euros and 250 Euros, and only in the case in which the User has not responded to the reminder communications and, in any event, within 15 (fifteen) days from the last closure communication, such balance will be retained by Young Platform and will not be re-credited. If the residual balance exceeds 250 Euros, Young Platform will contact the client to define the modalities of re-crediting in accordance with the law. It is specified that the threshold of 3.99 Euros also applies to individual non-compliant deposits, which will not be refunded if their amount is below such threshold.

Without prejudice to the right to terminate the contractual relationship referred to in the previous paragraph, in the situations referred to in letters (a), (b), (c), (d), (e) and (g) or in circumstances in which it has reason to suspect that the User is using the Platform in a fraudulent manner, Young Platform may decide to suspend the provision of the Young Services to the User until the latter provides the information requested and/or until the breach is interrupted and/or until the User’s fraudulent conduct is ascertained and communicated to the User. Young Platform therefore reserves the right to limit, suspend or block the operations of the User’s account where proven anomalies or risk profiles requiring in-depth checks are detected.

In strict compliance with the provisions on Anti-Money Laundering (AML) and the combating of terrorist financing, the Company may proceed with the application of such precautionary measures without any obligation of prior notice or subsequent communication to the User regarding the restriction applied. The Company is not required to set out the specific reasons or the criteria underlying the decision to block, where such disclosure may prejudice the integrity of the controls or breach the confidentiality obligations imposed by the sector legislation (including the “tipping-off” prohibition pursuant to Article 39 of Italian Legislative Decree No. 231/2007). Without prejudice to the foregoing, the Company undertakes to provide the User with information regarding the restrictions applied whenever this is not expressly prohibited by law or does not prejudice the purposes of public order and public security. The restrictive or suspension measures will be graduated and differentiated according to the specific nature of the risk profile, the type of operations carried out and/or the anomalies actually detected, ensuring that the intervention is proportionate to the case analysed and takes into account the specificities of the individual client.

The dissolution of the contractual relationship for any cause produces the automatic resolution of the agreements relating to the Services subscribed on the Platform. In this regard, it is specified that, where the User has used and/or intends to use Tools on their account (by way of example: gift card, welcome bonus, etc.), and the same is subject to closure for one of the reasons referred to in Articles 11 and 15 of this document, such Tools and any bonuses associated with them, where not yet accrued, may no longer be redeemed and/or used.

The amounts and the crypto-assets held on the Platform by the User constitute a credit of the same towards Young Platform S.p.A. and do not constitute in any way electronic money, account or payment instrument, nor bank deposit. Such credit is not subject to any form of protection or guarantee, including deposit guarantee schemes, nor to any form of asset segregation with respect to the assets owned by the company. Young Platform will delete the User’s account on the Platform, including all the information associated with the account, including the User’s accounting data, after 2 (two) weeks from the date of cessation of the contractual relationship, save for the information for which the applicable legislation requires retention. Without prejudice to the User’s right to request or withdraw a copy of their data.

15.1. Death of the User

In case of death of a User, the Young Platform team, once it has received notice of the death, will proceed with the collection of the information necessary to proceed with the closure of the account of the deceased and, also, to carry out the re-crediting of any holdings to the heirs. The closure of the account is a permanent action and, once carried out, all products and services that the User could access through that account will no longer be available.

Where the deceased User, at the time of closure of the account, held a balance in Crypto-assets, such Crypto-assets will be converted into Fiat Currencies and re-credited to the bank account of the deceased. Where they held only Fiat Currencies, the same will be re-credited equally to the bank account of the deceased. The User acknowledges, for themselves and for their successors in interest, that, unless otherwise requested in writing by their heirs, Young Platform will carry out the conversion from Crypto-assets to Fiat Currency at the exchange value existing at the moment of closure of the account, acknowledges that Young Platform shall not in any way be liable for the exchange value applied and undertakes not to dispute in any way such exchange value.

Where the deceased User, at the time of closure of the account, still had specific active plans, such plans will be deactivated contextually with the closure of the account, with the consequent loss of any benefits not yet accrued.

Young Platform reserves the right to request all the information necessary to authenticate the heir and/or successor in interest, in order to ensure that the requesting person is authorised to act on behalf of the deceased User. In this regard, the sending of documentation supporting what is alleged may be required (including testamentary execution or court order). Failing the production of documentation to Young Platform by the heirs and/or successors in interest, Young Platform will be forced to turn to the judicial authority for the appropriate measures. It is understood that where the User accesses through an Authorised Distributor, the procedure for re-crediting the holdings will be carried out in coordination with said Authorised Distributor and always in the interest of the User and of their heirs.

15.2. Assignment of the Contractual Relationships

The User consents to the assignment of the contractual relationship in place with Young Platform, upon written notice by the latter and without prejudice to the possibility of withdrawal. It is understood that in the event of assignment, the rights and conditions of this Contract may not be prejudiced, save for the User’s express written consent.

Stamp Duty

In accordance with what is provided for by Article 10 of Presidential Decree (DPR) No. 633/1972 and as a result of the adjustment of the tariff part one attached to the Consolidated Law on Stamp Duty, the persons required to apply the stamp duty (the “Stamp Duty” or the “Tax”) include service providers referred to in Article 3(5)(i) and (i-bis) of Italian Legislative Decree 231/2007, who fall within the category of other operators for the purposes of anti-money laundering legislation and who are also subject to the tax monitoring obligations (Article 1(1) of Decree-Law 167/1990). In this regard, it is specified that Young falls within the persons required to apply the aforementioned Tax towards the Users.

The Stamp Duty on crypto-assets will be applied to all Users having a Young Platform account, regardless of their residence. The rate of the Stamp Duty is 0.2% (zero point two) of the value of the crypto-assets held at the end of each calendar year, calculated, where possible, on the basis of the countervalue in euros as at 31 December.

As from 1 October 2024, an advance levy of the stamp duty equal to 1.00 Euro was introduced, applicable only in the case in which the User has a total countervalue of their portfolio that exceeds the equivalent of 1.00 Euro. Subsequently, the same advance levy of the stamp duty equal to 1.00 Euro will be applied monthly to each portfolio whose countervalue exceeds the threshold of 1.00 Euro at the time of the levy, but exclusively in the case in which such Users’ portfolios have not been subject to the levy in the previous period.

In the event that the Euro balance is insufficient, the charge will be made by debiting the equivalent amount in USDC, at the sole discretion of Young Platform, where present and sufficient to cover the difference. As at 31 December of each year, the calculation of the stamp duty actually due will be carried out, and the amount charged in advance will be deducted from the total due.

This advance stamp duty levy modality also applies to all new Users who begin operating on the platform after 1 October 2024. Young Platform reserves the right to modify the frequency and the amount of the advance levies, giving notice thereof to the users with 30 calendar days’ advance notice.

Where the Euro balance is insufficient to cover the levy referred to the stamp duty, Young Platform will proceed, at its discretion, to: charge the equivalent amount in USDC, where present on the user’s account; carry out the charge at the first useful movement that allows the availability of a sufficient Euro balance; invite the user to set up the necessary provision through: payment with card; bank transfer; conversion of crypto-assets into FIAT currency. Such options will be presented in detail through specific banners and notices within each active account on Young Platform.

Travel Rule

The “Travel Rule”, introduced at international level and transposed within the European Union by Regulation (EU) 2023/1113 (“TFR Regulation”), is an anti-money laundering and counter-terrorist financing legislation that imposes on Crypto-Asset Service Providers (CASPs), such as Young Platform, the obligation to collect, verify and transmit the information relating to the originator and the beneficiary on each crypto-asset transfer. In order to ensure the interoperability of the protocols and the secure exchange of the information data, the Company makes use of the technological infrastructure and the market software Notabene.

17.2. Information Subject to Collection and Processing

In compliance with the regulatory obligations in force, the User is required to provide or verify specific information in support of the transactions, including:

• Full first and last name (or company name) of the originator and the beneficiary;
• Address of registered residence or registered office;
• Date and place of birth;
• Tax Code, national identification number or details of the identity document;
• Address of the blockchain wallet of origin and destination;
• Amount, purpose and means of payment of the transaction.

All the information collected will be processed in full compliance with the legislation in force on the protection of personal data (EU Regulation 2016/679 – GDPR) and stored in the AML database of the company for the period provided for by law.

17.3. Transfers to and from Other CASPs/VASPs

In transactions carried out to or from another registered intermediary, the exchange of data takes place as a rule in an automated manner through the Notabene hub. In the event that the counterparty CASP/VASP fails to transmit the data required or technical communication defects occur:

• The transfer will be subject to automated technical suspension on the Platform;
• The User will receive a real-time notification and a notice on the dedicated screen for the manual entry of the mandatory missing information;
• The temporary block will remain active and binding until the User has completed the entry of the data required and the same has been validated by the Company’s systems.

17.4. Transfers with Self-Hosted Addresses

Transfers involving origin or destination addresses not associated with a custodian intermediary (non-custodial / self-hosted wallet) are subject to the following mandatory conditions:

• Absolute Prohibition towards Third Parties: any transfer to or from self-hosted addresses that are not held directly and exclusively by the User holder of the Young Platform account is prohibited and inhibited at system level. The ascertainment of the exclusive ownership of the User is a prior and indispensable condition for the execution of the operation.
• Transactions with value below EUR 1,000: the User is required to provide a self-declaration of exclusive ownership of the wallet by completing the binding flag on the dedicated screen of the Platform. In the absence of such flag, the interface inhibits the submission of the order.
• Transactions with value equal to or above EUR 1,000: the User is required to perform an objective and technological verification of the ownership of the address by means of the execution of a cryptographic signature of a unique challenge, through the integrated module provided by Notabene. The positive outcome of the signature is the exclusive IT condition for the unblocking of the transfer.

17.5. Effects of Non-Compliance and Contractual Sanctions

Where the User does not provide the information required, refuses to complete the self-declaration or cryptographic signature procedures, or the information provided turns out to be false, incomplete or inconsistent, Young Platform reserves the right to adopt the following immediate measures:

• Blocking of transactions: immediate suspension or rejection of the transfer, with inhibition of the sending or receipt of new transactions;
• Suspension of the account: temporary limitation of the User’s access to the Platform and to the Services;
• Termination of the contract and reporting: right to terminate the contract with consequent definitive closure of the account and, where the legal prerequisites are met, reporting of the case to the Anti-Money Laundering function for subsequent compliance with the competent Authorities.

Amendments to the Contract

Young Platform may unilaterally amend the clauses and conditions of these Terms and Conditions. The amendments to the Terms and Conditions and/or the Annexes that entail a worsening of the contractual conditions for the User will be communicated to the latter at least 30 (thirty) days prior to the date of application of the amendment. The User may withdraw free of charge from the contractual relationship by the date of application of the amendment. The non-worsening proposed amendment is deemed accepted if the User does not withdraw from the contract prior to the date of application of the amendment and if the User operates under the new conditions. The withdrawal conditions for the User will be indicated in the proposal of unilateral amendment communicated to the User. The amendments to this contractual relationship that entail an improvement of the contractual conditions for the User or that are imposed by the applicable legislation may be applied by Young Platform at any time and with immediate effect. It is understood that any contractual amendments may not apply and/or apply differently where access is made through Authorised Distributors.

Amendments to the operating model. Any substantial amendment to the technological systems that affects the price formation, the order execution process, the custody service or the qualification of the role of the Company vis-à-vis the client is subject to a formalised process of preventive assessment by the Legal and Compliance functions of the Company prior to its application. Where such amendments affect the contractual conditions relevant for the User, the communication procedure provided for in this article applies.

Copyright and Intellectual Property

All the content present or made available to Users through the Young Platform App and/or the Services in the form of texts, graphics, drawings, logos, icon buttons, images, audio files, digital downloads, data collections and software, lists or other databases, as well as the App and/or the Services themselves, are owned by the Company or by its content and/or services suppliers and are protected by Italian and international laws on copyright, intellectual property rights, industrial property rights and database rights.

It is not permitted to systematically extract and/or reuse data or parts of the Services and/or of the Young Platform App without the express written consent of the Company. In particular, it is not permitted to use data mining, robots or similar acquisition or extraction devices to extract (one or more times) or to reuse any substantial part of any Service, without our express written consent. Under no circumstances shall the User have the right to create and/or publish by any means content that reproduces, even in part, elements of the Young Platform App or of the Services, without the express written consent of the Company.

Trademarks and Logos

The graphic material, the logos, the page headers, the icon buttons, the fonts and the service marks included or made available through the Young Platform App and/or any of the Services offered by Young Platform are trademarks or distinctive signs of the Company. The trademarks and the distinctive signs of the Company may not be used – save with the prior written consent of the Company – in relation to sites, apps, products or services that are not Young Platform’s, in a manner that may generate confusion among clients or in any manner that may denigrate or discredit the Company itself. All other trademarks not owned by the Company that appear on any of the Services present on the Young Platform App are owned by their respective holders, who may be in any way linked to or in relation with the Company.

Licences

The ownership rights of the content, including texts, graphics, photographs and anything else published on the Young Platform App, including the educational content (the “Content”), are owned exclusively by Young Platform or Young Platform lawfully has all rights of use and/or exploitation thereof.

Communications

Communications addressed to Young Platform shall be sent to the following details: [email protected]. It is understood that where the User accesses through Authorised Distributors, such process may undergo changes and, in such case, the information relating to the Support modalities will always be available on the platform of the Authorised Distributor.

Communications addressed to the User are made to the email address indicated by the latter to Young Platform during the registration process on the Platform. Young, in any case, reserves the right to send communications to the User by other means. Young may modify at any time the details at which it intends to receive the communications relating to the Contract, upon notice to the User. The User may in turn modify the email address at which they receive the communications of Young Platform by following the procedures indicated on the Platform.

Governing Law and Jurisdiction

These Terms and Conditions are governed by Italian law. The competent jurisdiction for any disputes between the Parties arising from or relating to this contractual relationship is the court of Turin where the consumer-protection legislation (e.g. Legislative Decree No. 206 of 6 September 2005) does not apply.

ANNEX A

Detailed Fee Schedule

The detailed fee schedule for each service and type of operation set out below forms an integral and substantial part of these Terms and Conditions and is provided to the client at the onboarding stage, in a durable format, together with the versions made available in the “Fees and Pricing” section of the Platform.

(a) Fees for the Bilateral Exchange Service under Article 77 of MiCAR

In the bilateral exchange model (under Article 77 of MiCAR), the Company’s remuneration for the assumption of the market and counterparty risk is represented by a dynamic commercial spread, applied to the objective market price of the crypto-asset. Such spread is determined algorithmically on the basis of a classification of assets by market capitalisation (Market Cap), which reflects their structural liquidity and risk profile.

The crypto-assets are divided into the following classes, with the relative base and maximum spread parameters by way of example:

Class	Criterion	Base Spread (Floor)	Maximum Spread (Cap)
Class A	>= 50 bn $ Market Cap	0.40%	0.80%
Class B	>= 1 bn $ Market Cap	0.60%	1.00%
Class O	< 1 bn $ Market Cap	0.80%	1.50%
Class S	EMT	0.10%	0.30%

The Pricing Engine starts from the Base Spread of the class of belonging and adds a dynamic component deriving from the application of specific “penalty criteria” that measure the market conditions in real time:

• Market Quality Penalty (Volatility and Imbalance): calculated on the basis of the stability of the BBO quotations (through volatility indicators ATR and deviation of the spread) and of any asymmetry of the book pressure (Imbalance) detected on the reference venues.
• Size Penalty: applied where the volume of the order requested by the client significantly impacts the market depth and the available liquidity (slippage risk).
• Time Penalty (Firm Quote): the spread is adjusted on the basis of the duration of the price guarantee (5s for automated channel, 30s for automated channel – Direct Pay or via Apple Pay / Google Pay and 30s for assisted/OTC channel), to cover the market risk in the period of time granted to the client for confirmation.

The result of the sum (Base + Penalties) may in no case exceed the Maximum Spread defined for the respective class. Such a model ensures that the more capitalised and liquid assets always benefit from lower costs, while maintaining the protection of the Company and of the Client in case of extreme instability.

Additional Explicit Fees

In addition to the spread referred to above, the following explicit fees apply to the operations:

Type	Value / Fee	Details
Ordinary Explicit Fees	1.89%	Applied to ordinary purchase and sale operations.
Fixed Fee (EUR Pairs) Amounts ≤ EUR 50.00	EUR 1.99	By way of derogation from the percentage, applied to small-amount transactions.
Fixed Fee (EUR Pairs) Amounts > EUR 50.00 and < EUR 100.00	EUR 2.49	By way of derogation from the percentage applied to intermediate transactions.

(b) Fees for the Execution of Orders on Behalf Service under Article 78 of MiCAR

For the orders executed through Journey Pro, the following tiered fees apply on the basis of the trading volumes of the last 30 days:

Tier Level	Amount (Euro)	Fee Applied
Level 0	From 0.00 to 5,000.00	0.40%
Level 1	From 5,000.01 to 10,000.00	0.35%
Level 2	From 10,000.01 to 50,000.00	0.28%
Level 3	From 50,000.01 to 100,000.00	0.22%
Level 4	From 100,000.01 to 1,000,000.00	0.18%
Level 5	From 1,000,000.01 to 2,500,000.00	0.14%
Level 6	From 2,500,000.01 to 5,000,000.00	0.10%
Level 7	Over 5,000,000.01	0.05%

(c) Fees for Fiat Currency Deposits

Method	Permitted Amounts	Fees	Min. Fee
Payment Card	EUR 10 – EUR 1,500	2.2% + EUR 0.25	EUR 0.25
Apple Pay	EUR 10 – EUR 1,500	2.2% + EUR 0.25	EUR 0.25
Google Pay	EUR 10 – EUR 1,500	2.2% + EUR 0.25	EUR 0.25
BANCOMAT Pay	EUR 20 – EUR 100	EUR 0	EUR 0
Italian Bank Transfer	EUR 10 – EUR 4,000 (subject to Account Level limits)	EUR 0	EUR 0
Non-Italian Bank Transfer	EUR 10 – EUR 4,000 (subject to Account Level limits)	EUR 0	EUR 0
Young Cash	EUR 50 – EUR 100	6%	EUR 3

(d) Fees for Fiat Currency Withdrawals

Method	Permitted Amounts	Withdrawal Fees
Payment Card	EUR 20 – EUR 500	2.2% + EUR 0.25
Bank Transfer	EUR 5 – EUR 4,000 (subject to Account Level limits)	EUR 1.99

(e) Fees for the Crypto-Asset Transfer Service under Article 82 of MiCAR

Crypto-asset Name	Transfer Fee	DLT Network
1inch	15.13408802 1INCH	Ethereum (ERC20)
Aave	0.01732602 AAVE	Ethereum (ERC20)
Cardano	2 ADA	Cardano
Algorand	0.1 ALGO	Algorand
Ankr	105.93022094 ANKR	Ethereum (ERC20)
Arbitrum	1 ARB	Arbitrum One
Cosmos	0.1 ATOM	Cosmos
Avalanche	0.05 AVAX	Avalanche C-Chain
Axie Infinity	0.92421442 AXS	Ethereum (ERC20)
Basic Attention Token	20.62848106 BAT	Ethereum (ERC20)
Bitcoin Cash	0.00025 BCH	Bitcoin Cash
Berachain	0.2 BERA	Berachain
Bitcoin	0.0001 BTC	Bitcoin (SegWit)
Chiliz	67.56756757 CHZ	Ethereum (ERC20)
Compound	0.07317073 COMP	Ethereum (ERC20)
Curve DAO	6.46551724 CRV	Ethereum (ERC20)
Dogecoin	3 DOGE	Dogecoin
Polkadot	0.1 DOT	Polkadot
dYdX	0.5 DYDX	DYDX
Ethena	7.5547721 ENA	Ethereum (ERC20)
Ethereum Name Service	0.18174476 ENS	Ethereum (ERC20)
Ethereum	0.0001 ETH	BNB Smart Chain (BEP20)
Ethereum	0.001 ETH	Ethereum (ERC20)
Ethereum	0.0001 ETH	Optimism
Ethereum	0.0001 ETH	Arbitrum One
EthereumPoW	0.0025 ETHW	Ethereum PoW
Flare	10 FLR	Flare
GMX	0.1 GMX	Arbitrum One
Gnosis	0.0302694 GNO	Ethereum (ERC20)
The Graph	31.28258603 GRT	Ethereum (ERC20)
ImmutableX	5.06756757 IMX	Ethereum (ERC20)
Kyber Network	4.70588235 KNC	Ethereum (ERC20)
Kusama	0.001 KSM	Kusama
Lido DAO	3.07377049 LDO	Ethereum (ERC20)
Linea	2 LINEA	Linea
Chainlink	0.21165514 LINK	Ethereum (ERC20)
Litecoin	0.0001 LTC	Litecoin
Decentraland	11.70320668 MANA	Ethereum (ERC20)
NEAR Protocol	0.05 NEAR	NEAR Protocol
Ondo	3.47531944 ONDO	Ethereum (ERC20)
Optimism	1 OP	Optimism
Polygon (POL)	0.1 POL	Polygon
Augur	0.44516991 REPV2	Ethereum (ERC20)
Sonic	2 S	Sonic
The Sandbox	10.7240906 SAND	Ethereum (ERC20)
Songbird	0.02 SGB	Songbird
Sky	70 SKY	Ethereum (ERC20)
Synthetix Network	3.58851675 SNX	Ethereum (ERC20)
Solana	0.015 SOL	Solana
SPX6900	1.5 SPX	Ethereum (ERC20)
STORJ	9.25697359 STORJ	Ethereum (ERC20)
SushiSwap	4.62962963 SUSHI	Ethereum (ERC20)
Celestia	0.25 TIA	Celestia
Tron	20 TRX	Tron (TRC20)
Uniswap	0.45977011 UNI	Ethereum (ERC20)
Worldcoin	3.51649588 WLD	Ethereum (ERC20)
Stellar	1 XLM	Stellar Lumens
Ripple	0.5 XRP	Ripple
Yearn Finance	0.00060374 YFI	Ethereum (ERC20)
Young	5 YNG	Ethereum (ERC20)

Costs applicable to the transfer service

In particular, the costs applicable to the transfer service may include:

(a) a transfer fee, which includes both the service share applied by Young Platform (variable according to the type of crypto-asset and to the average operating costs borne) and the component relating to the costs of the DLT network (“network fee” or “gas fee”), whose amount fluctuates on the basis of the operational conditions and the congestion of the blockchain at the time of execution;

(b) any additional costs connected with extraordinary operational requests of the client or with exceptional manual activities, previously communicated to the client prior to the execution of the activity requested.

The fees, spreads and fees set out in this fee schedule may be subject to variations over time, depending on market conditions, operating costs, the evolution of the service offering and any applicable regulatory changes. The variations will be communicated to the users according to the modalities and the terms provided for by these Terms and Conditions.

At any time, the updated and in-force version of the fee schedule is available in real time on the following dedicated page: https://exchange.youngplatform.com/fees.

In case of discrepancy between what is set out in this document and what is published on the page above indicated, the version published online shall prevail, which constitutes the official and updated source of the economic conditions applied by the Company.

ANNEX B

CRYPTO-ASSETS PRESENT ON THE PLATFORM

Below is the list of crypto-assets supported for the bilateral exchange service:

1INCH	A	AAVE
ADA	ALGO	APT
ARB	ATOM	AVAX
AXS	BAT	BCH
BERA	BTC	CHZ
COMP	CRV	DOGE
DOT	DYDX	DYM
ENA	ENJ	ENS
ETH	FET	FIL
FLR	GMX	GRT
HBAR	HYPE	ICP
IMX	INJ	JUP
KAS	KSM	LDO
LINEA	LINK	LTC
MANA	NEAR	ONDO
OP	PENGU	POL
POPCAT	RENDER	RUNE
S	SAND	SEI
SKY	SNX	SOL
SPX	STRK	STX
SUI	SUSHI	TAO
TIA	TON	TRUMP
TRX	TURBO	UNI
USDC	WIF	WLD
XLM	XRP	YFI
YNG

Below is the list of crypto-assets supported for the execution of orders on behalf of clients service:

1INCH	A	AAVE
ADA	ALGO	APT
ARB	ATOM	AVAX
AXS	BAT	BCH
BERA	BTC	CHZ
COMP	CRV	DOGE
DOT	DYDX	DYM
ENA	ENJ	ENS
ETH	FET	FIL
FLR	GMX	GRT
HBAR	HYPE	ICP
IMX	INJ	JUP
KAS	KSM	LDO
LINEA	LINK	LTC
MANA	NEAR	ONDO
OP	PENGU	POL
POPCAT	RENDER	RUNE
S	SAND	SEI
SKY	SNX	SOL
SPX	STRK	STX
SUI	SUSHI	TAO
TIA	TON	TRUMP
TRX	TURBO	UNI
USDC	WIF	WLD
XLM	XRP	YFI
YNG	ZK