PNC Bank has begun offering spot Bitcoin trading to clients of its private bank, becoming one of the first major US lenders to allow direct digital asset transactions within existing investment accounts. The rollout marks the initial phase of a broader integration with Coinbase, following a partnership announced earlier this year.
The service connects Coinbase’s institutional trading and custody infrastructure to PNC’s platform, enabling clients to execute trades and hold balances without shifting assets to external platforms. Executives said the move is aimed at retaining client relationships as interest in digital assets grows, even if near-term trading demand remains limited. PNC had previously provided access only to passive Bitcoin and Ether ETFs.
The bank expects to expand direct trading access to institutional accounts, nonprofits, endowments, and foundations early next year. The launch aligns with a wider trend across Wall Street, as firms including Bank of America and Vanguard broaden their crypto offerings to meet evolving client expectations.
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