PNC, Coinbase Launch Crypto Services for Clients

PNC Bank has announced a strategic partnership with Coinbase, initially targeting its wealth and asset management clients for cryptocurrency trading, custody, and access through PNC’s platform using Coinbase’s Crypto-as-a-Service infrastructure. The partnership is expected to expand to broader banking services over time. As part of the agreement, PNC will provide select banking services to Coinbase, strengthening operational ties. This move comes amid shifting U.S. regulations, including the recent passage of the GENIUS Act, which offers greater legal clarity for digital assets. Executives from both companies emphasize the partnership’s role in accelerating mainstream crypto adoption and meeting rising client demand for innovative financial products. PNC is positioned among the first major U.S. banks to offer comprehensive crypto services through a leading exchange partner.