
Richard Teng unveils Binance Junior for youths aged 6–17, offering supervised crypto engagement via parent-owned subaccounts, though access remains unavailable to U.S. users, alongside record stablecoin transaction volumes surpassing Visa.
At Binance Blockchain Week on December 3, Binance CEO Richard Teng announced stablecoins reached $300 billion in total value in 2023, with daily transaction volumes exceeding Visa’s. Binance processed $272 billion in payments and serves nearly 300 million users globally. Teng introduced Binance Junior, sub-accounts legally owned by parents for minors aged 6–17, featuring parental controls and limited functions like Junior Flexible Simple Earn. CZ compared the concept to Trump's 'Trump Accounts' but clarified that Binance Junior is not available to U.S. users.