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Crypto for Kids? Binance Junior Launch Draws Mixed Reactions

Key Takeaways

  • ​Binance Junior lets parents guide kids aged 6 to 17 in using crypto, which offers spending limits and supervised transfers;
  • The app aims to teach families about digital money while keeping parental control and regional compliance in place;
  • Reactions are split; some see early crypto exposure as education, others view it as risky targeting of children.

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Crypto for Kids? Binance Junior Launch Draws Mixed Reactions

Binance $9.43B has introduced a new app called Binance Junior, created for young people aged 6 to 17.

The app lets parents manage how their children use cryptocurrency, but its launch has sparked mixed opinions.

The Junior app works as a separate platform that connects to a parent’s main Binance account. Parents can add funds, decide how much their child can spend or transfer, and choose which features are active.

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All actions on the Junior account rely on the parent’s verified identity.

Binance describes the app as a way to teach families about digital money. Parents can transfer crypto from their own Binance wallets to the child’s account and enable the Junior Flexible Simple Earn feature, which offers returns based on deposits.

Teenagers 13 and older can also use Binance Pay to send or receive crypto between Junior accounts or with their parents. Parents can set daily transfer limits to manage activity.

Binance noted that certain tools might be unavailable in some regions due to local laws.

An X user accused Binance of targeting children and claimed that the crypto industry already markets to young audiences. Others argued that helping teens learn about digital assets early could support understanding and adoption of crypto.

Recently, Coinbase $2.19B announced plans to launch its decentralized trading option, called "DeFi Mullet", for users in Brazil. How does it work? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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