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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.
PNC Bank has introduced a new feature that lets qualified PNC Private Bank clients trade Bitcoin
According to a December 9 announcement, the new setup connects Coinbase’s
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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