Crypto for Kids? Binance Junior Launch Draws Mixed Reactions

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.

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

$2.23B

announced plans to launch its decentralized trading option, called “DeFi Mullet”, for users in Brazil. How does it work? Read the full story.