PNC Bank has begun offering spot Bitcoin trading to select private bank clients, marking a first among major U.S. banks. Eligible customers can now buy, sell and hold Bitcoin directly within PNC’s digital banking platform, enabled through Coinbase’s Crypto-as-a-Service trading and custody stack.
The rollout represents the initial phase of a partnership announced in July. PNC Private Bank’s clientele includes high-net-worth families, business owners and family offices, and the bank plans to extend the service to additional client groups as demand grows.
With $564 billion in assets and more than 2,300 branches, PNC ranks as the nation’s eighth-largest commercial bank.
Other major U.S. institutions have also expanded their crypto offerings this year, though most have focused on custody solutions and ETF access. Bank of America recently said its wealth clients will gain access to four Bitcoin ETFs starting next year.
PNC’s move highlights growing institutional comfort with regulated digital asset exposure within traditional banking environments.
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