- Binance introduces a parent-managed junior app for users aged 6–17, focused on crypto savings with restricted features and safety controls.
- Parents can fund and oversee sub-accounts while younger users earn through Flexible Simple Earn, without access to trading or external transfers.
- The app targets early financial literacy, offering a controlled environment for families to navigate digital assets within regulated age limits.
Binance
Binance, global blockchain ecosystem, announced the launch of Binance Junior, a new parent-controlled app and sub-account for kids and teens, ages 6-17. This app will offer parents a family-centric platform to build crypto wealth and savings. The purpose is to help prepare their children for a digital financial future.
Binance Junior allows parents to open and manage crypto savings accounts on behalf of their children. It enables young users to save and earn crypto in the account through Binance Flexible Simple Earn, while restricting trading activities to ensure safety.
Cryptocurrency
Parents can fund the junior account via their master account or through on-chain transfers. Their aim is to empower parents to invest in their children’s financial future and nurture positive saving habits. Additionally, the app seeks to provide young users with a foundation in personal finance and digital asset education.
“Today, parents can take the first steps to prepare for their children’s financial future and equip them for the future financial landscape. Binance Junior is a family finance initiative that helps parents build crypto wealth and savings for their children and encourages them to teach and practice healthy financial habits for the next generation into adulthood,” said said Binance co-CEO Yi He.
Through the app, users aged 13 and above can initiate transfers or a higher age criteria according to local regulations. The app will also have parental control and monitoring measures in place. Furthermore, trading is not permitted and transfers to non-parental adults are also restricted.
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