Binance has introduced a new product called Binance Junior, a parent-controlled crypto savings account designed for children and teenagers aged 6 to 17 (or under 21 in jurisdictions where that is the legal age of majority).
With this launch, parents can open and manage sub-accounts for their kids under their main Binance account. Young users can save and earn crypto through Binance’s “Flexible Simple Earn” savings feature, while trading and restricted transfers are disabled to keep safety and control at the forefront.
How Binance Junior Works
Parents who already hold verified Binance accounts (with KYC and two-factor authentication) can create a Junior sub-account for their child. Funds can be transferred from the parents’ main wallet or via on-chain transfers. All activity is visible to the parent, and they retain full control.
Children aged 13 or above (where allowed by regulation) may initiate limited transfers, subject to daily thresholds and restrictions. However, transfers to non-parent adults are blocked. Trading of tokens is fully disabled, meaning Junior users cannot engage in risky trading; they only earn via savings.
To support financial education, Binance is also releasing a simple illustrated guidebook called “ABCs of Crypto”, which aims to introduce basic blockchain and crypto concepts to kids and teens in a fun, easy-to-grasp way. According to Binance, the goal is to give younger users a safe, guided entry into digital finance, helping them build saving habits and financial literacy early on.
What This Means for Sui
For blockchain ecosystems like Sui, the launch of Binance Junior may open up new opportunities. If Sui-based tokens or assets are eligible within Binance’s savings products, then younger users could potentially begin accumulating Sui tokens early. This provides early exposure to blockchain assets in a controlled environment.
Also, as more families begin using crypto savings services designed for youth, confidence in digital assets (like Sui) may increase. This could lead to broader adoption, especially among new investors who want to start with small amounts in a safer setup rather than diving straight into trading.
Finally, giving the next generation early access (in a supervised, educational context) might help build long-term loyalty and comfort with Sui-based ecosystems, possibly helping Sui projects attract a younger, finance-savvy user base as these users come of age.
