Finance Feeds logo

YouHodler enhances Multi HODL: faster rates and execution, lower fees

Rick Steves

“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.

Subscribe

Read this next

Digital Assets

Bloomberg, Hashdex expect SEC’s imminent approval of Bitcoin ETFs

Hashdex, an asset manager among the 13 contenders for launching a spot Bitcoin exchange-traded fund (ETF) in the United States, anticipates the debut of the first spot Bitcoin ETF by the second quarter of 2024, with a spot Ether ETF expected to follow.

Bitcoin ETF
Industry News

Witness the intensifying competition as UF AWARDS MEA 2024 nominations persist!

The countdown is on, with less than two weeks remaining to nominate outstanding brands for this prestigious event, culminating in the highly anticipated ceremony during iFX EXPO Dubai 2024 in January.

Retail FX

Saxo Bank’s FX volumes rise despite overall lackluster turnover

As many currency markets saw a relatively active period in November, Copenhagen-based Saxo Bank reported its monthly metrics, which showed a moderate rebound month-over-month.

Saxo Bank
Market News

S&P 500 Rally Faces Abrupt Halt: Analysts Assess Market Signals

The S&P 500, a benchmark index tracking the stock performance of 500 of the largest US companies, has ignited a flurry of discussions among financial analysts due to its recent performance.

FXOPEN
Interviews

TraderEvolution at FMLS:23: Andrew Saks on how brokers can go multi-asset

In an insightful interview with FinanceFeeds, Andrew Saks of TraderEvolution Global discussed the industry’s evolution towards multi-asset trading. He highlighted challenges in integrating diverse asset classes and the importance of API connectivity. Andrew also touched on emerging trends in options, futures, and fixed income, underscoring the need for adaptable trading technology in today’s dynamic market.

FMLS2023: FinanceFeeds interviews
Market News

Powell’s Pivot Navigating the Dynamics of USD, Interest Rates, and Market Expectations

Federal Reserve Chair Powell has signalled a decisive end to the cycle of interest rate hikes for the USD.

Market News

Inflation Concerns, Policy Divergence, and Market Sentiments in the UK

Amidst the recent global revaluation of inflation, Megan Greene, a steadfast MPC member, advocates for a proactive stance. Addressing concerns in Leeds, she calls for an upward adjustment of the Bank of England’s policy rate, cautioning against the potential risks of a too-conservative approach. Greene questions the assumed restrictiveness in the current monetary stance, suggesting it might be less robust than perceived, especially in scenarios of persistent inflation.

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.

Retail FX

Interactive Brokers’ client base surges past 2.5 million

Interactive Brokers LLC (NASDAQ:IBKR) saw 1.89 million daily average revenue trades, or DARTS, in November 2023 compared to 1.93 million transactions in the prior month. The figure is three percent lower on a yearly basis, and also dropped slightly from a month earlier.

<
✖