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- PNC Bank has now become the first major U.S. bank with integrated custodial spot-Bitcoin trading to private bank clients.
- The partnership with Coinbase makes crypto access within PNC’s digital banking platform secure, regulated, and seamless.
The PNC Bank is now starting to offer direct spot-Bitcoin trading to its private-bank clients. Conducted through a partnership with Coinbase, the new service makes it easy for eligible clients to buy, hold, and sell Bitcoin entirely within PNC’s digital banking platform.
The integration, furthermore, also depends on Coinbase’s Crypto-as-a-Service (CaaS) infrastructure, which also provides institutional-grade trading, custody, and financing under the bank’s control. As noted in PNC’s press release:
The launch marks a key milestone in PNC’s strategic partnership with Coinbase… to provide trusted, secure and innovative digital asset solutions to PNC’s private banking clients.
In a previous report, we noted PNC’s increased Bitcoin exposure through the Bitwise ETF, showing growing institutional interest in digital assets and signaling potential next steps in crypto adoption. Now, the new spot-Bitcoin service directly fixates crypto trading within PNC’s digital platform, removing the need for external wallets or exchanges.
PNC’s Direct Bitcoin Access
The clients of PNC Private Bank can now manage Bitcoin together with their traditional accounts, without needing separate exchange credentials or third-party wallets. Meanwhile, institutional-grade custody and trading capabilities are embedded directly into PNC Private Bank Online through the “Portfolio View,” giving clients a consolidated view of both traditional and digital assets.
As indicated on Bloomberg, by offering Bitcoin natively, PNC is responding to increasing demand from affluent clients for regulated access to digital assets, providing a secure, risk-aware way to include crypto within mainstream financial management.
The Role Of Coinbase
Within the partnership, Coinbase provides institutional-grade systems for trade execution, custody, and regulatory compliance. PNC’s CEO William S. Demchak stated:
As client interest in digital assets continues to grow, our responsibility is to offer secure and well-designed options that fit within the broader context of their financial lives. Our work with Coinbase allows us to provide clients with access to bitcoin trading in a controlled and familiar environment, consistent with the standards they expect from PNC.
As of now, Bitcoin is trading at the price of $92,424.48, with an increase of 2.66% over the past 24 hours, but down 0.44% over the past week. See BTC price chart below.
