Stack releases crypto trading app aimed at teens and parents
Crypto-curious teens may be able to try their hand at real crypto trading after the launch of education and trading app Stack — aimed at teaching under 18s how to trade and hodl crypto.
The crypto trading app was launched by mobile software firm Stack on Sept. 8, with the aim of offering young crypto enthusiasts better educational alternatives to what they may find from crypto influencers on social media platforms such as Reddit and TikTok.
The app will of course comes with parental controls, and the accounts on Stack are regulated under the Uniform Transfers to Minors Act which allows parents and legal guardians to maintain ownership of the account and assets until their teenager turns 18.
In a Sept. 8 announcement, Stack CEO Will Rush highlighted that there is strong demand in Gen Z to learn about crypto, but the educational content they consume online is usually via social media apps or blog posts that arguably lack substance.
The CEO states that Stack is trying to fill a gap in the market by “building content to specifically resonate with teens.”
Expanding on those comments with fintech news website TechCrunch, Rush stated that “we need a big lift to make it relevant to teenagers and are looking at educational topics like NFTs, Metaverse, and web3.”
“We aim to be the trusted account for democratizing investing for young people,” he said.
Alongside educational crypto content, Stack is offers buying, selling, and holding services for seven digital assets including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Solana (SOL), USD Coin (USDC), Litecoin (LTC) and Polygon (MATIC).
Instead of charging trading fees, the crypto exchange app uses a $3 per month subscription fee.
The crypto app will also not allow off-platform transfers
Read more on cointelegraph.com
