PNC Bank has become the first major U.S. bank to offer direct bitcoin trading for its Private Bank clients. The service is powered by Coinbase’s Crypto-as-a-Service (CaaS) platform, which integrates crypto trading and custody directly into PNC’s existing digital banking infrastructure.

This partnership marks a significant milestone for institutional crypto adoption within the traditional financial system. It allows PNC’s high-net-worth and ultra-high-net-worth clients to seamlessly and securely buy, hold, and sell Bitcoin within their trusted banking relationship, removing the need to use separate crypto exchanges or custody providers.

The rollout eliminates the need for clients to open separate cryptocurrency exchange accounts, allowing high-net-worth individuals to trade bitcoin alongside traditional assets in a familiar, regulated banking environment. Clients can execute trades seamlessly within PNC’s online and mobile banking interfaces, with Coinbase providing the underlying custody, trading execution, and security infrastructure.

By leveraging Coinbase’s institutional-grade infrastructure, PNC can provide secure access to digital assets without having to build the complex technology from the ground up. The move signals a growing trend among established financial institutions to meet client demand for crypto by integrating it into their core service offerings, validating the B2B model for crypto-native firms like Coinbase.

Read More:
https://www.coinbase.com/en-ca/blog/coinbase-and-pnc-partner-to-expand-direct-bitcoin-access-for-clients