YouHodler, a Fintech platform that assists consumers with accessing the benefits of the crypto economy, has reportedly added support for Polkadot (DOT), Tezos (XTZ), TRON (TRX) and Aave (AAVE) tokens.
YouHolder also noted in a release shared with Crowdfund Insider that they’ve established a 100% deal protection “on the first trade with new coins.”
As mentioned in the announcement, the initial trade loss protection also “extends to all other available tokens on the platform.” Clients are also able to use the new coins “as collateral for loans, convert them into any other coin or fiat and receive crypto-returns from 4% to 11% per annum.”
As explained in the update, YouHodler’s solutions “open up connections between crypto and the real world, allowing people to use their crypto assets without spending them.”
With YouHodler, users are able to purchase and sell digital currency “at any time, use it for purchases or put it in a reward account generating 12% yields.” They are also able to “exchange crypto, fiat and stablecoins and get instant cash and crypto loans with their crypto assets acting as collateral.”
“We are always in favor of the best customization and the best coins on the platform,” stated Ilya Volkov, CEO & Founder of YouHodler. Volkov added that they “believe more people should get into the crypto market and that’s why we want to make this entrance to crypto as easy and safe as possible. That’s what YouHodler is aimed at.”
Offering cryptocurrency services, YouHodler helps people gain an understanding of how to leverage the benefits of digital assets and to “avoid zero and negative interest rates on their savings with traditional banks.” Unlocking the value of digital assets, the team “shares a mission of helping people stop passive holding and start using crypto assets right now.”
In August 2021, YouHodler hired a former head of IR from SoftBank investment advisers as its Head of Investor Relations, as well as a former UBP Senior Compliance Officer as its Chief Risk and Compliance Office — “both appointments bring YouHodler closer to its strategic goals.”
As previously reported, YouHodler is a Fintech platform that allows users to “get instant cash and cryptocurrency loans, exchange crypto, fiat and stablecoins quickly and easily, and earn up to 12% APR + compounding interest by depositing crypto in their reward account.”
The platform has “the highest loan to value ratio (90%) with minimum loan amounts starting at just $100 and accepts the top 30 coins as collateral with instant credit card and bank withdrawals included,” the company noted.
YouHodler currently supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, HT, DOGE and other widely-used virtual currencies and tokens. Users’ funds are “protected with Ledger’s … independently-certified security technology as well as their insurance program.”
The company is a European Union and Switzerland-based brand with business offices in Cyprus and Switzerland.