Young Platform Obtains AMF Approval to Provide Digital Asset Service

Young Platform, the leading Italian crypto-exchange, announces it has been registered as a digital asset service provider (prestataire de services sur actifs numériques, or PSAN) under the number E2022-60 by the French Financial Markets Authority.

The Autorité des Marchés Financier (AMF) is an independent authority that plays a key role in protecting investors and promoting transparency and stability in French financial markets. With the registration of Young Platform, the AMF confirms the soundness of a model that protects users.

The registration with the French Financial Markets Authority is another major milestone in Young Platform's European expansion plan and comes just six months after a €16 million funding round led by Azimut to educate Europe on crypto.

"Beyond simple cryptocurrency conversion, Young Platform's mission is to convert the complex technical concepts developed by a handful of talented developers into simple mechanics accessible to the greatest number of people. Indeed, we fully believe that the enabler of this market is not technological but educational. Our ecosystem of applications allows users to progress at their own pace to make informed investment decisions," explains Ambroise Hélaine, Country Manager France at Young Platform.

"Young Platform's expansion into Europe is an important step for business growth and represents a new opportunity for anyone interested in the crypto market to access Young Platform's innovative solutions. We are excited about this important milestone and look forward to expanding and offering our services to an even wider audience," concludes Andrea Ferrero, CEO at Young Platform.