Young Platform Launches EU’s First MiCA-Compliant Crypto Debit Card With Cashback Up to 3.6%
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Young Platform has officially launched its crypto debit card, the first in Europe designed within the EU’s Markets in Crypto-Assets (MiCA) framework. The card allows users to pay in fiat while earning cashback in YNG, the utility token that powers the Young Platform ecosystem.
The card is currently live for a closed group of family and friends, with a wider public rollout planned once testing and regulatory onboarding phases are complete. For the launch phase, all new users who activate the card will receive up to 3.6% cashback on purchases for the first 30 days. After that, the highest cashback rate will become exclusive to Platinum members within the YNG Clubs program.
Cashback as a Utility of YNG
The debit card expands the role of YNG, which already underpins access to Young Platform’s “Clubs.” By holding and locking tokens, users can unlock benefits such as reduced trading fees, enhanced staking rewards, and exclusive partner offers.
Cashback levels are tied to Club membership tiers, rewarding higher token commitments with higher rates. Rewards are paid directly in YNG, making every purchase part of the wider token economy.
Rewards Backed by Revenue
Young Platform has tied the debit card’s reward structure to its established economic model. Each month, the company allocates a portion of its revenue generated through exchange trading, futures, and payment services to buy back YNG from the market. Instead of being removed from circulation, the tokens are paired with euros or stablecoins and injected into liquidity pools.
This process is designed to support token stability while ensuring that rewards are funded by actual business performance rather than marketing spend or inflationary issuance. By connecting cashback directly to the same buyback and liquidity cycle, the card aims to provide rewards that grow in line with the platform’s adoption.
Part of a Crypto-Native Neobank Strategy
The launch of the debit card marks a major step in Young Platform’s progression toward a crypto-native neobank. The company already operates a regulated exchange, offers the Step app for education and onboarding, and runs the Unbox rewards program. With the addition of payments, users can now save, invest, and spend in a single, regulated ecosystem built for Europe.
The card will expand to EU markets once regulatory approvals and broader rollout phases are finalized. Users will be able to access full details on cashback tiers, fees, and availability through the platform.
About Young Platform
Founded in 2018 in Turin, Young Platform is a European fintech company that makes cryptocurrency simple, secure, and accessible. The platform offers a regulated exchange, an educational app (Young Platform Step), and advanced trading with Young Platform Pro, all connected by its native token, YNG. Among the first to align with the EU’s Markets in Crypto-Assets (MiCA) regulation, Young Platform is now launching Europe’s first crypto-native neobank, integrating payment accounts, debit cards, and regulated trading products within a single ecosystem. Learn more: youngplatform.com/en
