The move makes PNC the first major US bank to offer spot Bitcoin trading within its own digital platform, starting with private bank clients.
PNC Bank has begun offering direct spot Bitcoin trading to eligible private bank clients, becoming the first major US bank to enable buy, hold and sell functions inside its own digital platform.
According to a Tuesday release, the launch marks the first phase of PNC’s partnership with Coinbase. Announced in July, the collaboration is supported by Coinbase’s Crypto-as-a-Service trading and custody stack.
PNC Private Bank serves high- and ultra-high-net-worth individuals, families, family offices and business owners. The bank plans to expand access to additional client groups and add more capabilities over time.
