Introducing the Stack crypto trading app - a safe and easy way for teens and parents to trade cryptocurrencies! | Crypto

Introducing the Stack crypto trading app – a safe and easy way for teens and parents to trade cryptocurrencies!

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-The crypto trading app Stack was launched by mobile software firm Stack on Thursday, 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, allowing parents and legal guardians to maintain ownership of the account and assets until their teenager turns 18.

-In a Thursday announcement, Stack CEO Will Rush highlighted that there is a strong demand from Gen Z to learn about crypto, but the educational content they consume online is usually via social media 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 was fintech news website TechCrunch, with Rush stating that we need a big lift to make it relevant to teenagers and are looking at educational topics like NFTs, Metaverse, and web3.

-Alongside educational crypto content, Stack 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 $3.00 per month subscription fee.

-The crypto app will also not allow off-platform transfers at this stage, with Rush stating this enables the firm to eliminate up to 98% of all crypto fraud and scams that occurs in the sector.

-The company has also suggested that this will encourage teens to become long-term hodlers rather than putting their focus on wild day-trading speculation.

-The app is available on Android and Apple devices, with users 13 and over being able to sign up.

-Alongside the app launch, the firm also revealed that it has raised $2.7 million worth of funding from the Madrona Venture Group.

-The VC firm highlighted in a Thursday blog post that the company is tapping into a growing but underserved market:

-A survey from online educational platform Study.com in late August found that more than two-thirds of crypto-versed parents and college graduates in the United States think that crypto should be taught in schools so that students can learn about the future of our economy.

Introducing the Stack crypto trading app - a safe and easy way for teens and parents to trade cryptocurrencies!

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