YouHodler enhances Multi HODL: faster rates and execution, lower fees
“We know some traders mentioned freezing issues when opening or closing a Multi HODL deal. Now, those problems are completely gone”.
Switzerland-headquartered CeDeFi specialist YouHodler has announced an update to its Multi HODL feature, which includes a modified trading engine bringing faster rates, improved execution speed, and lower fees.
Available on the YouHodler mobile app (iOS and Android) and the web platform, Multi HODL 3.0 is ready for use and with lower trading fees than before, the firm stated.
Execution speed much faster than before
Based on a crypto lending principle, the Multi HODL trading tool allows clients to take loans to either buy or sell more crypto, effectively helping them long or short the market and multiply their crypto up to 50 times depending on the outcome of the deal. Multi HODL’s new trading engine is able to increase rate flows by up to 20 times, the firm added.
Anthony Cerullo, Editor-in-Chief at YouHodler, stated: “With our new Multi HODL trading engine, we are happy to announce execution speed is much faster than before. We know some traders mentioned freezing issues when opening or closing a Multi HODL deal. Now, those problems are completely gone.”
YouHodler opens office in Italy amid regulatory approval
Earlier this month, YouHodler was officially registered and approved by the Organismo Agenti e Mediatori (OAM) in Italy as a cryptocurrency service provider. The authorization allows YouHodler to offer its wide range of crypto services to Italian clients in compliance with local regulations.
Julian Grech, Legal Counsel at YouHodler, said: “We are extremely happy with this registration. It is yet another step in YouHodler’s strategy to extend its presence within Europe. More local licenses and registrations are expected shortly.
“We’re pleased to continue servicing our long-time, loyal Italian clients in new and exciting ways. This latest announcement means we can take them to an even higher level, opening new gateways to creative and innovative financial possibilities.”
The company, which already has offices in Switzerland and Cyprus, will expand its physical presence in Italy and plans to set up a physical office space in Milan as well as recruit a local team, in accordance with Italian regulations.
In June, Finance Feeds spoke with Ilya Volkov, co-founder and CEO of YouHodler, to learn more about the platform and how it combines the safety and security of traditional finance with the innovation of decentralized finance. The interview explored the firm’s product offering, regulation, the difference between DeFi and CeDeFi, and the Terra meltdown.