PNC Becomes First Major U.S. Bank to Offer Direct Bitcoin Trading to Clients via Coinbase

PNC Bank has launched direct spot bitcoin trading for eligible PNC Private Bank clients, making it the first major U.S. bank to offer native bitcoin access directly through its digital banking platform. This service, powered by Coinbase’s Crypto-as-a-Service (CaaS) infrastructure, allows qualified clients to buy, hold, and sell bitcoin without needing an external exchange, embedding trading, custody, and settlement within PNC’s Portfolio View interface. PNC Chairman and CEO William Demchak stated the move provides secure options as client interest in digital assets grows. The partnership leverages Coinbase for institutional-grade infrastructure while PNC maintains the client relationship. Currently limited to private banking clients, PNC plans to expand this direct trading access to other segments, including institutional investors, in future phases.

(Source：Bitcoin Magazine)