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A major US bank is the first in the nation to let customers buy, hold and sell bitcoin directly through its platform.
PNC Bank says it’s launched the new feature for eligible PNC Private Bank clients, using Coinbase’s Crypto-as-a-Service infrastructure.
This move lets high-net-worth clients trade spot bitcoin without separate exchange accounts. They access it via PNC’s Portfolio View in the online banking system. PNC aims to simplify crypto participation in a secure environment.
The partnership, announced in July 2025, combines PNC’s banking expertise with Coinbase’s trading, custody, and financing tools. Clients gain oversight of all assets in one place.
“As client interest in digital assets grows, we offer secure options within their financial lives,” said PNC CEO William S. Demchak. Coinbase co-CEO Brett Tejpaul noted the collaboration expands safe access to crypto.
PNC plans to extend the service to more segments and add features. PNC Private Bank serves ultra-high-net-worth individuals with tailored investment and estate planning.
This step positions PNC as a leader in blending traditional finance with digital assets.
