Banking giant PNC teams with Coinbase to enable direct Bitcoin trading for wealthy clients
Crypto Briefing
PNC Bank partnered with Coinbase to allow eligible private banking clients direct Bitcoin trading, custody, and holding.Summary
PNC Bank has launched a new service enabling its eligible private banking clients to directly buy, hold, and sell Bitcoin through its platform. This service is powered by Coinbase’s Crypto-as-a-Service infrastructure, making PNC the first major US bank to offer direct Bitcoin access to private clients. This move signifies growing mainstream banking interest in integrating digital assets for wealth management. Coinbase's platform allows financial institutions to integrate crypto trading and custody without developing proprietary infrastructure. The service is currently aimed at PNC's high-net-worth clients, with potential future expansion to institutional clients.
(Source：Crypto Briefing)