Coinbase Global Inc. formed a strategic partnership with PNC Private Bank, a major U.S. financial institution. The collaboration provides direct Bitcoin trading capabilities for the bank's eligible clients.
The service leverages Coinbase’s ‘Crypto-as-a-Service’ platform. This allows PNC’s private bank clients to buy, sell, and hold Bitcoin directly within their existing banking accounts.
The integration marks a significant milestone for digital asset adoption by traditional banking institutions. Coinbase embeds its crypto infrastructure into the platform of the top-10 U.S. bank, expanding its institutional footprint.
This facilitates easier access to the digital economy for a new segment of investors within a trusted and secure environment.