Binance Introduces ‘Binance Junior’ – A Custodial Crypto Account for Gen Z

Binance has launched ‘Binance Junior,’ a mobile app designed to help parents teach financial literacy to children aged 6-17. The app allows adults to open custodial accounts where they manage cryptocurrency holdings for their children, similar to traditional bank savings accounts. However, Binance Junior restricts users from trading on the platform and limits withdrawal functionality. This approach aims to create a safe space for young users to learn about financial management before exposing them to the volatility of the crypto market.