PNC Bank, the seventh-largest bank in the U.S., has officially entered the crypto sector, partnering with Coinbase to allow clients to buy, sell, and hold digital assets directly through its banking platform. On July 22, PNC Bank announced its collaboration with Coinbase, marking a significant step for traditional banking in the digital asset industry. This partnership, in discussion since 2021, is now moving forward following the clearer regulatory landscape shaped by the recently signed GENIUS Act . PNC Taps Coinbase to Offer Secure Crypto Access With $549.3 billion in total assets and a client base of 90,000 nationwide, PNC will integrate Coinbase’s Crypto-as-a-Service (CaaS) platform into its online banking system. This will allow PNC clients, including institutional investors, to access crypto trading and secure custody services without relying on external exchanges. William S. Demchak, Chairman and CEO of PNC, emphasized that the bank is meeting rising client demand for digital assets while maintaining its focus on trust and security. Through this partnership, PNC will also provide selected banking services to Coinbase, illustrating a shared commitment to advancing digital financial infrastructure. The collaboration positions PNC as one of the first major U.S. banks to directly incorporate cryptocurrency transactions into its customer-facing digital banking platform, signaling a shift in how banks are adapting to the evolving financial landscape. A Broader Shift Toward Mainstream Crypto Integration PNC’s move comes amid a broader trend where large financial institutions are embracing digital assets to meet client expectations and remain competitive. JPMorgan Chase has recently explored crypto collateral lending, while BNY Mellon has partnered with Ripple Labs to custody reserves for its stablecoin project. Unlike many peers that keep crypto initiatives within investment arms or limited pilot programs, PNC’s integration enables direct crypto transactions within its standard banking interface. This approach lowers entry barriers for customers and aligns with the growing demand for seamless crypto access under traditional banking security frameworks. The first product under the PNC-Coinbase partnership will enable clients to buy, sell, and hold multiple cryptocurrencies, ensuring compliance with regulatory standards while maintaining the simplicity of traditional banking operations. For Coinbase, this partnership extends its institutional reach into mainstream banking, supporting its strategy to collaborate with established financial players as crypto adoption grows. The post $549B PNC Bank Partners with Coinbase for Direct Crypto Trading appeared first on TheCoinrise.com .
