thecryptobasic.com
PNC Bank has officially launched direct spot Bitcoin trading for eligible clients, becoming the first major U.S. bank to offer native BTC trading on its digital platform.
According to the Tuesday press statement, this service is powered by Coinbase’s Crypto-as-a-Service (CaaS) infrastructure.
The PNC–Coinbase Partnership
Earlier this year, PNC Private Bank partnered with Coinbase to allow clients to hold, buy, and sell Bitcoin directly through PNC’s online banking platform. Using Coinbase’s secure trading and custody tools, clients do not need separate crypto exchange accounts.
Through PNC Private Bank Online’s Portfolio View, clients can manage Bitcoin in a familiar banking environment.
With over 100 offices serving high- and ultra-high-net-worth clients, PNC’s move into direct crypto trading could reshape how private banking handles digital assets.
Bank-Grade Environment for Bitcoin
PNC CEO William Demchak said that rising interest in digital assets made it important for the bank to offer secure and well-designed options. The new crypto features allow clients to manage Bitcoin alongside traditional accounts, providing convenience and oversight in a single platform.
Coinbase Institutional co-CEO Brett Tejpaul noted that the collaboration demonstrates how traditional finance and on-chain companies can work together to expand access safely.
Coinbase’s CaaS platform supports trading, custody, and financing, providing PNC with a turnkey solution without compromising security standards.
More Crypto Capabilities Coming
PNC confirmed it will expand crypto access to additional client segments and introduce new digital asset features in future phases. For Coinbase, the integration continues its effort to embed crypto asset access directly into the platforms of major financial institutions.
The partnership positions PNC as a leader among U.S. banks embracing the digital asset economy.
Global Bitcoin Integration in Banking Apps
The latest move from Coinbase and PNC Bank reflects an emerging global trend. Just yesterday, The Crypto Basic reported that UAE Islamic bank Ruya launched in-app Bitcoin trading. This is the first Shari’ah-compliant institution worldwide to offer this service.
Specifically, the feature allows customers to buy and sell BTC within Ruya’s mobile platform. The initiative enhances Ruya’s ethical investment offerings and confirms demand for compliant crypto asset solutions in the region.