Binance CEO Richard Teng announced the launch of "Binance Junior," a financial application designed for children and teenagers aged 6 to 17. The announcement was made during the ongoing Binance Blockchain Week event. The application aims to educate younger demographics on the fundamentals of crypto and financial literacy. [Update 1] Further details have emerged describing 'Binance Junior' specifically as a parent-controlled crypto savings account. The feature is designed to facilitate family asset protection alongside education. Former CEO CZ highlighted the tool's utility, emphasizing its role in secure wealth succession and preventing funds from becoming inaccessible to the next generation.