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PNC Bank has teamed up with Coinbase to provide cryptocurrency services to its institutional and banking clients. The partnership will allow PNC customers to buy, hold, and sell digital assets securely using Coinbase’s Crypto-as-a-Service platform. This marks a major step as PNC becomes one of the largest U.S. banks to embrace crypto at scale.
PNC will also offer banking services to Coinbase, deepening their operational relationship. PNC CEO William Demchak said the partnership accelerates their ability to deliver secure, innovative crypto solutions. Coinbase’s backend tools for compliance, custody, and trading give PNC a complete infrastructure without having to build it internally.
As demand for regulated crypto services rises, this deal gives PNC a strategic entry into the digital asset market while avoiding complex regulatory hurdles. Coinbase gains access to PNC’s vast network of institutional clients. The timeline for launch hasn’t been announced, but both firms describe it as a long-term effort to support the future of crypto finance.
