Key Takeaways
- PNC Bank becomes the first major US bank to enable direct Bitcoin trading for private banking clients.
- The service is powered by Coinbase’s Crypto-as-a-Service platform, integrating crypto trading and custody into PNC’s offerings.
PNC Bank, a major US bank, today launched a service allowing eligible private banking clients to directly buy, hold, and sell Bitcoin through its platform, powered by Coinbase’s Crypto-as-a-Service infrastructure.
The partnership makes PNC the first major US bank to offer direct Bitcoin access to private clients, marking a significant step in institutional crypto adoption within traditional banking.
Coinbase’s Crypto-as-a-Service platform enables financial institutions to integrate crypto trading and custody services without building their own infrastructure, providing the technical backbone for PNC’s Bitcoin offering.
The service targets PNC’s high-net-worth private banking clients, with plans to expand access to institutional clients in the future as the collaboration between traditional banking and digital assets continues to develop.
Source: https://cryptobriefing.com/pnc-bank-coinbase-bitcoin-trading-private-clients/
