Banking giant PNC teams with Coinbase to enable direct Bitcoin trading for wealthy clients
PNC's move signals growing mainstream banking interest in integrating digital assets for wealth management and private client services.
Key Takeaways
- PNC Bank becomes the first major US bank to enable direct Bitcoin trading for private banking clients.
- The service is powered by Coinbase's Crypto-as-a-Service platform, integrating crypto trading and custody into PNC's offerings.
Share this article
PNC Bank, a major US bank, today launched a service allowing eligible private banking clients to directly buy, hold, and sell Bitcoin through its platform, powered by Coinbase’s Crypto-as-a-Service infrastructure.
The partnership makes PNC the first major US bank to offer direct Bitcoin access to private clients, marking a significant step in institutional crypto adoption within traditional banking.
Coinbase’s Crypto-as-a-Service platform enables financial institutions to integrate crypto trading and custody services without building their own infrastructure, providing the technical backbone for PNC’s Bitcoin offering.
The service targets PNC’s high-net-worth private banking clients, with plans to expand access to institutional clients in the future as the collaboration between traditional banking and digital assets continues to develop.
