Coinbase Joins Trump Accounts Program, Plans Bitcoin Contributions

TLDR

• Coinbase plans to participate in the Trump Accounts program by matching the $1,000 government contribution for eligible children of its employees.
• The company aims to make its contribution in Bitcoin, marking a shift from traditional financial assets.
• Coinbase CEO Brian Armstrong highlighted the importance of early investment and financial literacy for children.
• Other major financial institutions, including Bank of America and JPMorgan Chase, have also pledged to match the $1,000 deposit.
• Trump Accounts will launch in July 2026, with sign-ups and documentation processes starting in the spring of that year.

Coinbase announced its plans to participate in President Donald Trump’s newly launched Trump Accounts program, a new initiative designed to provide U.S. children with financial support. The company intends to match the federal government’s $1,000 deposit for eligible children of its employees, but with a twist. Coinbase plans to deliver its contribution in Bitcoin, instead of traditional financial assets.

Coinbase Supports Trump Accounts Initiative

Coinbase CEO Brian Armstrong shared the company’s intentions to support the Trump Accounts initiative, a new financial program for children. The initiative offers a $1,000 deposit from the federal government to U.S. citizens born between 2025 and 2028. Armstrong stated that Coinbase is committed to matching the $1,000 for eligible children of its employees, in line with the government’s plan.

Coinbase’s move marks a new approach, as it considers delivering its $1,000 matching contribution in Bitcoin. Armstrong expressed his hope that the company could pay the $1,000 in cryptocurrency, pushing further into the financial mainstream.

Private Sector Joins Trump Accounts Movement

Coinbase joins several large financial institutions in supporting the Trump Accounts program. Both Bank of America and JPMorgan Chase have already committed to matching the government’s $1,000 contribution for eligible children. These institutions are also offering additional perks, such as pretax payroll deductions, to encourage employee participation.

The Trump Accounts program, part of the One Big Beautiful Bill Act, qualifies U.S. citizen babies born between January 1, 2025, and December 31, 2028, for an automatic $1,000 government deposit into a tax-advantaged account. These accounts must be invested in low-fee, diversified U.S. stock index funds and are locked until the child reaches the age of 18. At that point, the funds can be used for education, home purchases, or starting a business.

Philanthropists, such as rapper Nicki Minaj, have also pledged support for Trump Accounts. Minaj specifically promised to contribute to children in underserved communities, emphasizing the importance of financial literacy for future generations.

Parents will be able to open Trump Accounts starting in July 2026. Sign-ups and documentation processes for the program are expected to begin in the spring of 2026. With participation from major financial players like Coinbase and traditional banks, the private sector is preparing to integrate this initiative into their employee benefits programs.

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