PNC Bank launches Bitcoin trading for eligible clients via Coinbase integration

PNC Bank has initiated the first phase of its partnership with Coinbase by enabling direct spot Bitcoin trading—including buy, hold, and sell functions—within its own digital platform for eligible private bank clients. This move establishes PNC as the first major US bank to offer this service directly to customers. The collaboration utilizes Coinbase’s Crypto-as-a-Service trading and custody stack. PNC, the eighth-largest US commercial bank, plans to expand access to more client groups and add further capabilities over time. This launch contrasts with other major banks, such as Bank of America, which are focusing on offering access to Bitcoin ETFs for their wealth management clients. The trend reflects growing demand for crypto access among wealthy investors, prompting financial advisers to expand digital asset services.

(Source：Cointelegraph)