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Binance has launched a mobile app that allows parents to open and manage cryptocurrency savings accounts for children as young as 6 years old, marking one of the crypto industry’s most youth-focused products to date.
The standalone app, called Binance Junior, was announced Wednesday at Binance Blockchain Week and enables parents with existing Binance accounts to create custodial crypto profiles for minors aged 6 to 17 in approved regions. Children aged 13 and older can initiate limited transfers under parental supervision, with daily caps set at $400.
Under the new system, children aged 13 and older can initiate limited transfers, a feature shaped by local regulations and capped to ensure safe interaction with children crypto savings accounts. Daily transfer limits between Junior users are set at $400, with parents able to supervise up to five related profiles.
The app’s restricted environment ensures that funds within children crypto savings remain insulated from on-chain exposure. Junior account holders cannot execute trades or withdraw crypto to external wallets. All transfers route exclusively between parent accounts and linked Junior accounts, minimizing risks and maintaining full parental oversight.
In explaining the purpose of Binance Junior, co-founder Yi He emphasized the importance of preparing younger generations for a digital financial future.
“Helping children face real life challenges independently requires financial health and literacy for their future,” — Yi He, Binance co-founder.
The inclusion of education-centered features aligns with the platform’s long-term goal of making children crypto savings a responsible financial tool rather than a speculative venture.
Growing global interest in digital assets among younger generations provides context for Binance’s expansion into children crypto savings. A recent Gemini survey showed that 51% of Gen Z respondents worldwide currently own or have owned cryptocurrency, compared with 49% of Millennials. This shift toward early engagement strengthens the argument that children crypto savings are becoming both relevant and demanded.
Industry observers say the move mirrors traditional financial practices. Henri Arslanian, co-founder of Nine Blocks Capital, noted that the concept is similar to early savings tools used before the rise of digital assets. “The launch should not surprise people,” — Henri Arslanian, Nine Blocks Capital. His remark reflects how children crypto savings replicate long-standing financial education models in a blockchain era.
Cryptocurrency analyst Glen Goodman also pointed to the importance of early habits, adding that childhood financial behavior often lasts a lifetime. “Lifelong habits often form during childhood,” — Glen Goodman, analyst. His observation ties directly to Binance’s positioning of children crypto savings as a foundation for responsible financial behavior.
Binance Junior’s availability depends on national regulations and age requirements. Some countries, including Austria, Spain, Italy, Lithuania, Cyprus, Bulgaria and South Korea, restrict Junior access to users over 14. Others—Brazil, Germany, Ireland, Poland, Slovakia, Hungary and Croatia—set the minimum age at 16.
While Binance has not disclosed a complete list of supported jurisdictions, the company confirms that children crypto savings features, including the Junior Flexible Simple Earn product, vary by region.
The initiative is supported by Binance’s newly released educational resource, ABC’s of Crypto, aimed at teaching core concepts such as blockchain security and asset types. Educational efforts help reinforce the purpose of children crypto savings, ensuring that young users interact with crypto through structured learning rather than speculation.
A Binance representative told Decrypt the platform’s mission is to “prepare young people for a financial world with integrated cryptocurrencies,” underscoring the role of children crypto savings in shaping long-term financial literacy. Parents can fund Junior accounts through internal transfers or on-chain deposits into their main accounts before routing funds to linked Junior profiles.
As global financial systems evolve, initiatives like Binance Junior highlight how children crypto savings may become a normalized component of modern household financial planning.
