Binance has unveiled Binance Junior, a platform designed to let parents create crypto wallets for their children. The service targets users aged 6 to 17 and runs entirely under parental supervision.
“Prepare your child for a future empowered by crypto,” the announcement suggests.
Parents can open sub-accounts via their main profile. The tool allows for saving and earning yield on exchange products, but trading is technically disabled. Balances can be topped up through direct deposits or transfers from the parent account.
For teenagers over 13, capabilities expand to include money transfers subject to strict limits. Sending funds to non-parent users is blocked. Adults receive real-time notifications and can deactivate the child’s account at any moment, instantly halting all activity.
The company highlights the product's educational value. Co-founder Yi He noted that in the digital currency era, it is vital to teach children proper asset management and foster independence rather than isolating them from technology.
Yi He’s own standing within the company has also shifted. She now leads the business alongside Richard Teng. Teng became CEO in 2023 following the departure of Changpeng Zhao, Yi He’s partner.
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