If you compare the price of a crypto on Young Platform Base with that of another exchange, you might notice a difference. It's not an error: it depends on how the price you see is calculated.
Where the price comes from: the Pricing Engine
On Young Platform Base, the price doesn't come out of thin air: Young Platform has an internal system called the Pricing Engine. It's an automated engine that looks at the price of cryptos on the main global markets (the large international crypto platforms) and adds a margin (the spread) to lock the price for you and guarantee it for a few seconds (the firm quote).
The Pricing Engine always works in the same way, with predefined rules written in black and white: there isn't a human deciding whether to charge you more or less. The calculation rules are described in a public document called "Crypto-asset Exchange Procedure", referred to in the Terms and Conditions.
Why the spread exists
The spread applied by the Pricing Engine is what allows Young Platform to guarantee you a fixed price (firm quote) for a few seconds, even if the price on international markets continues to move in the meantime. It's the compensation for price certainty: you know exactly how much you'll pay or receive before confirming, without last-minute surprises.
Why two exchanges can have different prices
- Each platform calculates its own spread independently: different platforms may apply different margins.
- The reference price taken as a base (which international markets are observed) can vary from one platform to another.
- On Young Platform Base, the price you see already includes everything: there are no hidden costs to discover later — this is the principle of Total Consideration.
Please note: this explanation applies to Young Platform Base
On Young Platform Pro, the mechanism is different: the price is not determined by Young Platform's Pricing Engine, but by the external market where the Smart Order Router routes your order.