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PNC Private Bank Adds Bitcoin Access Through Coinbase Partnership

Key Takeaways

  • ​PNC Private Bank now lets eligible clients trade, hold, and sell Bitcoin directly through its own digital banking platform;
  • The new feature uses Coinbase’s infrastructure, which combines crypto trading with traditional accounts in one secure place;
  • PNC expands into digital assets, which offers private clients a compliant way to include Bitcoin in their financial plans.

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PNC Private Bank Adds Bitcoin Access Through Coinbase Partnership

PNC Bank has introduced a new feature that lets qualified PNC Private Bank clients trade Bitcoin BTC $92,058.08 on its digital platform.

According to a December 9 announcement, the new setup connects Coinbase’s $2.14B institutional infrastructure to PNC’s private banking portal, which allows users to manage crypto transactions in the same place they view other holdings.

Clients can buy, hold, and sell Bitcoin through Portfolio View, a feature that also shows traditional investments in one place.

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PNC Private Bank serves high and ultra-high-net-worth clients through more than 100 offices. The new feature adds another option for clients who want to include digital assets in their financial plans without leaving the bank’s trusted environment.

Coinbase’s CaaS system supports the core functions behind the service, such as trading and custody, while meeting strict security and compliance standards. This partnership helps PNC expand into the crypto market safely and efficiently.

Clients benefit from having all activities, traditional and digital, managed through a single platform, which reduces complexity and improves oversight.

William S. Demchak, chairman and chief executive officer of PNC, said:

As client interest in digital assets continues to grow, our responsibility is to offer secure and well-designed options that fit within the broader context of their financial lives.

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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