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PNC Becomes First Major U.S. Bank to Offer In-App Spot Bitcoin Trading to Private Clients

Coinbase’s Crypto-as-a-Service handles custody and execution, letting PNC add bitcoin access without holding the assets.

Overview

  • The feature is live for eligible PNC Private Bank customers inside the bank’s digital platform through the Portfolio View interface.
  • Clients can buy, sell and hold bitcoin directly without opening or managing separate crypto exchange accounts.
  • Coinbase’s infrastructure provides custody, trade execution and compliance while PNC retains the client relationship and front-end experience.
  • Access is limited to private-banking clients and to bitcoin only at launch, with plans to expand to additional segments and features in future phases.
  • The rollout, formalizing a partnership announced in July 2025, is seen as a milestone for institutional crypto adoption and expands Coinbase’s footprint in traditional finance.