Binance Unveils New Crypto Savings Account for Kids
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 all times.
Parents can transfer funds to Binance Junior accounts via their own Binance accounts, or by sending on-chain transfers from external wallets and platforms.
Funds deposited into a Binance Junior account can, in certain jurisdictions, earn varying rates of interest via Binance’s Junior Flexible Simple Earn product.
Binance has not made geographical availability completely clear, with…
