Binance Launches Junior App for Kids’ Crypto Savings and Education

Binance Launches Junior App for Kids' Crypto Savings

Binance introduced the Junior App on Dec. 3 for children aged 6-17, aiming to teach them about crypto with parental guidance.
The platform allows parents to create and manage crypto savings accounts for their kids, offering savings through Binance Flexible Simple Earn.
Trading activities are restricted to ensure account safety, with parents funding Junior accounts from their master accounts or via on-chain transfers.
Binance Junior aims to enhance financial literacy as digital finance becomes more mainstream, providing a structured introduction to personal finance.
The initiative includes a children's book, "ABCs of Crypto," to introduce concepts like blockchain and digital assets with simple explanations.
Users aged 13+ can make transfers within the app, adhering to local regulations, while trading and transfers to non-parental adult accounts are blocked.

Yi He was promoted to co-CEO of Binance.
Binance also launched the Deleted Account Service Tool to retain user information after account closure.