Coinbase and PNC Bank team up to offer crypto to bank clients

PNC Bank, a top regional banking provider in the United States, and Coinbase, the largest US-based cryptocurrency exchange, have announced a strategic partnership that will see the bank’s customers access cryptocurrencies via their accounts. The partnership between Coinbase and PNC Financial Services Group will allow PNC clients to to buy, sell and hold crypto through their bank’s account. Collaboration between the two market giants, with PNC the seventh-largest bank in the country, comes amid a growing foray into the digital assets ecosystem by major banks and other financial markets behemoths. PNC plans to tap into Coinbase’s Crypto-as-a-Service solution to allow the bank to secure and scale its crypto offering, with clients able to buy, hold and sell Bitcoin and cryptocurrencies directly with their PNC accounts. Big news for PNC Bank clients Coinbase shared the huge news via its X account, with the initiative also capturing headlines from mainstream media. “The easier we can make it to buy and hold crypto, the faster adoption happens,” said Coinbase founder and chief executive officer Brian Armstrong. “Excited to be working with PNC Bank, one of the largest banks in the US, to give their clients easy access to buying and holding crypto and using USDC, powered by Coinbase.” Brett Tejpaul, head of Coinbase Institutional, also commented on the partnership as one that will benefit both the crypto exchange and PNC. The deal supports PNC’s entry into the crypto market, with the bank set to leverage the exchange’s suite of crypto tools and solutions to bring the best of cryptocurrency to a growing clientele. Coinbase 🛡️ @coinbase · Follow Customers of one of the largest banks in the US wanted easier access to crypto.So we’ve partnered with them to make it happen. @PNCBank clients will soon be able to buy, sell and hold crypto. Watch on Twitter View replies 5:58 pm · 22 Jul 2025 745 Reply Copy link Read 95 replies In a comment, PNC chairman and chief executive officer William Demchak said: “Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients. We will also provide PNC’s best-in-class banking services to Coinbase. This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform.” Crypto-friendly US PNC Financial Services Group, Inc. is a publicly-listed company on the New York Stock Exchange. It offers diversified financial services via various institutions in the US. Notably, its retail and business banking solutions include asset-based lending products, corporate banking, real estate finance and wealth management. Banks and large financial institutions continue to embrace crypto. Overall optimism has surged as the regulatory landscape in the US shifts markedly from what it was during the four years of Joe Biden’s administration. One of the moves is banking regulators softening their stance on banks engaging in crypto activities. Fresh regulations such as the GENIUS Act are also encouraging Wall Street, with cryptocurrencies recently rallying amid the exuberance. All this comes as the US looks to become the crypto capital of the world under President Donald Trump. The post Coinbase and PNC Bank team up to offer crypto to bank clients appeared first on Invezz

Source: Invezz