YouHodler Quarterly Review: Q2 2023

Jul 6, 2023
A picture of quarterly performance statistics

On a global scale, the second quarter of 2023 was primarily a positive one for financial markets. While inflation slows down, Q2 provided some highlights compared to the previous 12 months. Meanwhile, YouHodler picked up right where Q1 left off in terms of productivity. 

New features, long-awaited platform updates, exciting community contests and international conferences were just a few highlights of the past three months. 

Sometimes, progress here at YouHodler moves so quickly, it’s easy to miss certain updates. Hence, we’ve compiled this quarterly review to get you up to speed. 

Crypto Valley Conference 2023: The Largest CVC to date

YouHodler was proud to have a prominent role in the Crypto Valley Conference 2023 - the largest CVC to date. Not only were their more attendees than in years past, but the event attracted large names like NASDAQ, CME, Circle, Kraken, Cardano, Coinbase, Ripple, Sony, FireBlocks, Ledger, Signum, Bitcoin Suisse and many more. 

YouHodler team led masterclasses and participated in panel discussions on the finance industry’s most pressing topics. The company also sponsored a boat cruise to cap off the productive weekend. 

It was truly a memorable experience and we highly recommend you read the full article at the link below and learn the answer to the question “Is Sony going blockchain?”

Suggested Reading: Crypto Valley Conference 2023: The YouHodler Review

YouHodler Loyalty Program: Earn BTC rewards and increase yield rates

This past quarter, YouHodler optimized its loyalty program. The newest rendition of this feature enables clients to earn Bitcoin rewards and get increased yield percentage rates and portfolio limits.

With the new loyalty program, there are eight levels to achieve, all with a variety of rewards:

  • Newbie:  1% APR and a $100 yield limit
  • Basic:  6% - 7% APR on stablecoins and coins/tokens and a $1,000 yield limit
  • Jumpstart: 8% - 10% APR on stablecoins and coins/tokens and a $25,000 yield limit
  • Silver: 9% - 11% APR on stablecoins and coins/tokens and a $30,000 yield limit
  • Gold: 9.5% - 12% APR on stablecoins and coins/tokens and a $50,000 yield limit
  • Platinum: 10% - 13% APR on stablecoins and coins/tokens and a $70,000 yield limit
  • Diamond: 11% - 14% APR on stablecoins and coins/tokens and a $100,000 yield limit
  • VIP: 12% - 15% APR on stablecoins and coins/tokens and a $200,000 yield limit

It’s a fantastic way not only to HODL but to increase the abilities of your passive earning potential in unique ways. 

CLICK HERE to learn more about the Loyalty Program and Miner feature

A significant spike in community growth and total platform volume

As hope in the market continues to grow, so does our community. Q2 2023 saw a significant spike in registrations and active users. While our platform always shows sustainable growth, this quarter was particularly active. Confidence is being restored in the market and it’s looking like people are ready to take advantage of that positive sentiment once again. 

Source: YouHodler Stats

As Bitcoin reached its 2023 high, peaking at $31,000, we saw an increase in trading volume reaching $1.7 billion in June. This upper trend is building a solid foundation for a new all-time high in trading volume, surpassing the 2.4B we had in March of Q1. At YouHodler, our main goal is to provide the tools to help our clients take advantage of opportunities in all market conditions. These statistics prove that our clients are doing just that. 

Regarding customer support statistics:

  • The average ID verification time is now 1 minute and 44 seconds.
  • The average inquiry response time is 2 minutes.
  • The average case resolution time on Live chat is 3 minutes 15 seconds.
  • The average number of resolved cases per day is 234

For more YouHodler monthly statistics, check out our stats page.

YouHodler integrates Tron Network for deposits and withdrawals

YouHodler is constantly on a mission to improve its service. One of the ways we do this is by listening to our clients. For months, many of you have requested us to integrate the TRON blockchain network to enable TRC-20 token support. Well now, that time is finally here. 

Now clients can choose the TRON network for the deposit and withdrawal of a select few cryptocurrencies. These transactions typically take one minute to complete with 20 block confirmations. More coins/tokens will be available to use with this blockchain in the future. 

PEPE, FLOKI and SHIB join the family

We at YouHodler enjoy a good meme just like anyone else. However, we also know when a meme is to be taken seriously. Despite their humorous origins, meme coins have extremely loyal followings and we have a “no client left behind” policy. That’s just one reason why we decided to add the following meme coins for trading on Multi HODL:

  • Pepe (PEPE)
  • Shiba Inu (SHIB)
  • Floki (FLOKI)

Meme coins present some great opportunities for trading due to their liquidity and volatility. To help you capitalize on every up and down price movement, head to Multi HODL and open a meme coin position today. 

Q2 2023 crypto contests: Metaverse hero and DeFi master

As usual, YouHodler organized a couple of contests this quarter to reward our clients that use crypto in innovative ways. The first contest was the DeFi Trading Competition. 

This limited-time contest focused specifically on Metaverse and DeFi tokens. The trader with the most trading volume won a prize of $1,500, followed by $1,000 for 2nd place and $500 for third place. We want to thank everyone who participated and a very special congrats to our top three winners. 

The other contest we had this quarter was the Meme Token Lucky Draw

This contest featured the new additions PEPE, FLOKI and SHIB. Traders simply had to trade any of those meme coins to enter the weekly lucky draw. One of the lucky winners got up to 500 USDT deposited in their YouHodler wallet. 

In addition, there were five other lucky draws for 200 USDT that occurred every week. It was a fun and successful event, with thousands joining in from around the world. Congratulations to all the winners and we look forward to more lucky draws like this in the future!

Bitcoin Pizza Day sets a new record

On May 22nd - otherwise known as Bitcoin Pizza Day - YouHodler has a great tradition. Every year, we ask our clients to order a pizza of their choice and keep the receipt. Then, we ask them to take a photo of that pizza with the receipt and post it in the comment section of YouHodler’s Bitcoin Pizza Day Twitter post.

YouHodler then pays for the pizza. It’s always been a popular activity - because who doesn’t like free pizza? However, this year was by far the most active Bitcoin Pizza Day in YouHodler history. We had more people submit receipts this year than ever before! It was our pleasure to provide free pizza to so many active HODLers and we can’t wait to do it again next year. 

Welcome new members to the YouHodler team!

Not only is our YouHodler community growing, but so is our team! As we expand throughout the far reaches of the world, we’re employing some of the industry’s best talent along the way. We’re pleased to welcome seven new team members this quarter. We know they will help us push the boundaries of innovation and bring even better service to our amazing clients. 

Welcome to the family everyone!

Dark Mode is here

We were excited to update our web and mobile app with one of the most requested features from our clients - dark mode.

Dark mode for YouHodler offers a clean, fresh look to a familiar experience. It’s designed to eliminate eye strain in low-light environments - plus, it just looks really cool. 

When designing the dark mode, we paid attention to two specific areas:

  1. Information: It’s vital that our clients can focus their attention on the screen easily. To make this more efficient, we used colour and other unique design elements to ensure the most important information stands out from the rest. 
  1. Readability: When selecting colour arrays, we wanted to reduce eye fatigue and choose colours that are closer to system defaults on Android and iPhone. 

We hope that everyone enjoys dark mode! For those that are still loyal to the original “light mode” it’s easy to switch back. Simply follow these steps:

  1. Log into your YouHodler account
  2. Click “Profile” in the left-hand column.
  3. Scroll down to “Appearance” and click the button.
  4. Select your colour theme (light or dark).

Q2 2023 economic and market updates

As we stated at the beginning of the article, the first quarter of 2023 was mostly positive and the second quarter of 2023 continued that trend. Inflation is slowing however, there is still some uncertainty regarding interest rates and the Federal Reserve’s ability to manage the economy. 

Positive signs from Q2 2023

  • The economic data suggests the US economy is not currently in a recession, a positive sign for all global markets
  • Inflation appears to be fading
  • Crypto losses were cut in half in Q2 2023 to $204 million
  • Traditional institutions showing interest in Bitcoin once again
  • The Fed may be cutting rates in the near future

There are still some doubts about the Fed being able to pull off a “soft landing” and further fears that more banks may fall as a result of the banking crisis. That being said, the temperature in the market is currently positive and YouHodler believes the market is in recovery mode at the moment. 

What’s in store for the future?

As always, YouHodler has big plans in store for the next quarter. Clients can expect new partnerships, new coins, new features, and updates to existing features. Please, continue to be vocal about our platform and let us know what you’d like to see improved. We value everyone’s input and look forward to your thoughts!

Thanks for your loyal support and keep HODLing!

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