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PNC Bank – a top 10 U.S. depository institution by assets – is teaming up with crypto exchange 
Coinbase to offer direct bitcoin trading to its private banking clients.
What's the Scoop?
- Coinbase Integration: PNC Private Bank clients can now buy, sell, and hold bitcoin directly through their accounts on PNC’s digital banking platform. It marks the first time a major U.S. bank had supported such an offering.
- Platform Play: Coinbase’s "Crypto-as-a-Service" infrastructure is empowering PNC Bank to offer seamless bitcoin trading capabilities to eligible Private Bank clients, helping bridge traditional finance with the onchain economy. Additional banks could foreseeably contract with Coinbase to access similar services.
- Early Stage: In a statement about roll out, PNC CEO William S. Demchak stated that his bank will strive to "offer secure and well-designed options that fit within the broader context of [clients'] financial lives" as their interest in digital assets grows. PNC plans to expand crypto access and introduce enhanced features in the future.
Today marks a major milestone for institutional crypto adoption.@Coinbase’s Crypto-as-a-Service platform is now powering @PNCBank’s launch of direct bitcoin trading for PNC Private Bank clients – the first to market with such an offering among the major U.S. banks. pic.twitter.com/wwuOIRuBfK
— Coinbase Institutional 🛡️ (@CoinbaseInsto) December 9, 2025
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