Binance Unveils New Crypto Savings Account for Kids

In brief

  • Binance Junior is a new savings app that gives kids the opportunity to hold and earn interest from crypto.
  • Parents with a normal Binance account can open up to five Junior accounts, with children limited to transferring funds back to their parents or to other Binance Junior accounts.
  • Experts suggest that aside from teaching crypto literacy, the initiative forms part of an attempt by Binance to secure future customers.

Binance has unveiled Binance Junior, a new savings account that lets parents invest in crypto on behalf of their children.

Available to children aged between six and 17, Binance Junior functions as a sub-account of a parent’s main account with the exchange, with parents having full control of the sub-account at…

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