The sixth-largest bank in the US just announced a strategic partnership with Coinbase in a push to massively expand digital asset access for banking clients and institutional investors. PNC says it will allow customers to buy, hold and sell Bitcoin and crypto assets while also providing banking and treasury management services for Coinbase. In a press release, PNC says it will roll out an “initial offering” to enable the purchase and custody of crypto assets. “This partnership brings together PNC’s legacy of client service and innovation with the institutional-grade infrastructure of Coinbase’s Crypto-as-a-Service (Caas) platform to power secure, scalable crypto access for PNC’s clients. PNC and Coinbase will work together to develop an initial offering that will allow clients to buy, hold and sell cryptocurrencies.” PNC CEO Bill Demchak tells CNBC the partnership will support clients who use stablecoins for payments, empowering digital money movement across retail, wealth and corporate clients. “We’re not going to produce a stablecoin per se, certainly not in our own name, but we’ll be a wallet, a provider for any coin that any of our clients want to use.” Demchak says PNC and Coinbase explored a similar partnership years ago but paused due to regulatory restrictions. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Major US Bank Launching Bitcoin and Crypto Wallet ‘For Any Coin’ in New Coinbase Partnership appeared first on The Daily Hodl .
