PITTSBURGH—PNC Bank announced it will begin offering cryptocurrency services to its clients through a newly established partnership with Coinbase, marking a significant move following the recent signing of federal crypto legislation, Cointelegraph reported.
Through Coinbase’s Crypto-as-a-Service platform, PNC clients will soon be able to buy, sell, and hold digital assets directly within their existing accounts—eliminating the need to log in to separate platforms. In return, PNC will provide select banking services to Coinbase as part of the collaboration.
In a statement, PNC Chairman and CEO William Demchak said that partnering with Coinbase speeds up the bank’s ability to bring “crypto financial solutions to [its] clients.” The bank cited a growing demand for access to digital assets on its platform, Cointelegraph reported.
The partnership positions PNC among the first major U.S. banks to integrate crypto capabilities directly into its core platform, reflecting a growing institutional shift toward embracing regulated digital asset offerings.