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Crypto exchange Binance has launched a new initiative, Binance Junior. The innovative, first-of-its-kind platform is designed for children and teenagers ages 6 to 17, enabling parents to manage their children’s exposure to cryptocurrency safely.
The product functions as a sub-account within the main Binance app, giving parents complete control. Parents can earn rewards through low-risk products while ensuring their children are shielded from the complexities of trading.
Binance Junior is structured in a way that only parents can deposit funds, either from their primary wallet or via on-chain transfers, and withdrawals are restricted to the parent’s account. Children cannot trade spot, futures, margin, or any leveraged products; the interface limits activity to viewing balances and subscribing to Flexible Simple Earn offerings with stable yields.
Additionally, every transaction triggers an immediate push and email alerts to the supervising adult. Parents retain complete authority to pause or permanently close the junior account at any moment, preventing unauthorized transfers. Age verification requires government-issued IDs for both the parent and the child to ensure compliance with global KYC and AML regulations.
Binance emphasized that the design eliminates direct market risk for minors while maintaining regulatory standards that normally prohibit under-18 accounts on exchanges.
Co-founder and newly appointed co-CEO Yi He described Binance Junior as a helpful tool for teaching children about managing money in today’s rapidly evolving digital finance landscape. When kids deposit money into the savings feature, they are automatically enrolled in the Flexible Simple Earn program. The program currently offers rewards on assets such as USDT, USDC, and FDUSD with no lock-up periods.
Parents can set savings goals, turning the platform into an interactive piggy bank that earns real returns. The initiative is part of Binance’s broader strategy to help families build wealth. The launch comes at a time when more parents want to give their children early exposure to cryptocurrencies, a market that previously offered few safe custodial wallets.
Meanwhile, this is not the first time Binance has shown concern for children’s education. The exchange had previously launched and funded GIGGLE Academy, a free online education platform designed to provide high-quality learning for children. The Binance Junior program combines education, earning potential, and strong parental controls within a regulated setting.
The post Binance Launches Crypto Accounts for Children Aged 6 to 17 appeared first on CoinTab News.
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한 곳에서 모든 암호화폐, NFT 및 DeFi 를 관리하세요시작하는 데 사용하는 포트폴리오를 안전하게 연결하세요.
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