Stack Announces Crypto Trading App Aimed at Teens and Parents

The first cryptocurrency software designed particularly for kids and parents, called Stack, announced it had received $2.7 million from Madrona, The Venture Collective, Santa Clara Ventures, and several angel investors and industry experts in the financial and mobile app field. Stack Announces Crypto Trading App The business also announces the launch of the Stack app for iOS and Android. Stack’s goal is to develop a secure and educating ecosystem for the significant chunk of Gen Z that will live in the blockchain era and own digital assets. The app is off to a fast start, with more than 5,000 users on the waiting list. The Uniform Transfers govern the Stack accounts to Minors Act, which permits parents and legal guardians to retain ownership of the history and assets until their adolescent becomes 18. The app will come with parental restrictions. Stack Offers Different Services The Stack provides buying, trading, and holding services for seven digital assets, including Bitcoin (BTC), Ether (ETH), Cardano (ADA), Solana (SOL), USD Coin (USDC), Litecoin (LTC), and Polygon (MATIC), in addition to instructional cryptocurrency content. The cryptocurrency exchange software employs a $3 monthly subscription fee instead of trade commissions. At this time, the cryptocurrency app will also not support off-platform transactions, according to Rush, who claims that by doing so, the company can “remove up to 98% of all crypto fraud and scams...