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Binance Launches Parent‑Controlled ‘Junior’ App for 6–17-Year-Olds With No Trading or Withdrawals

Country‑specific limits plus strict safeguards frame the rollout as a savings tool that may face regulatory scrutiny.

Overview

  • The standalone app links to a parent's verified Binance account with two‑factor authentication, real‑time alerts, and instant freeze controls.
  • Children cannot trade or make on‑chain withdrawals; transfers are limited to parents or other Junior users, with a $400 daily cap and a 13+ age gate for peer transfers where allowed.
  • Savings features including Junior Flexible Simple Earn are available only in some regions, and Binance warns its country list does not guarantee access.
  • Minimum ages vary by market, parents can create up to five sub‑accounts, and funding can come from the master account or on‑chain deposits.
  • Reaction has been divided, CZ emphasized inheritance and access for heirs after launch, and the app was unveiled in Dubai as Yi He was elevated to co‑CEO.