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PNC Bank is officially stepping into the crypto space. In a new partnership with Coinbase, the bank will start offering its clients the option to buy, sell, and hold digital assets—directly from their PNC accounts.
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Announced on Tuesday, PNC Bank’s new integration with Coinbase will allow its customers to access cryptocurrency services inside the bank’s own platform. That means no need to switch apps or create separate accounts—users will be able to buy, sell, and store digital assets within the same system they already use for traditional banking.
The move is powered by Coinbase’s Crypto-as-a-Service offering, which supports custody, brokerage, and payments infrastructure for banks and institutions.
In return, Coinbase will receive banking services from PNC as part of the partnership.
PNC Chairman and CEO William Demchak said the new collaboration will help the bank meet increasing customer interest in crypto.
“Partnering with Coinbase accelerates our ability to bring crypto financial solutions to our clients,” Demchak said in a statement. The bank also highlighted that digital asset demand is growing, especially among its existing user base.
The announcement comes just days after President Donald Trump signed the GENIUS Act, a new law aimed at regulating stablecoins and the companies that issue them. That legislation has started to create a more structured environment for banks looking to offer crypto products, and PNC seems to be one of the first major financial institutions to jump in.
According to its latest Q2 earnings, PNC Bank manages around $421 billion in assets across its client base, which includes individuals, corporations, and government agencies. With its retail and institutional reach, the crypto rollout could potentially introduce digital assets to a massive audience.
As of Tuesday, shares of PNC Financial Services Group—the bank’s parent company—were up 0.59%, according to Google Finance.