1 Thing Crypto Investors Need to Know About the PNC Bank-Coinbase Partnership
In December, PNC Bank (NYSE: PNC) became the first major bank to offer Bitcoin (CRYPTO: BTC) services to eligible clients. The new spot Bitcoin trading facilities will initially only be available to high-net-worth clients of PNC Private Bank. They will be able to use the bank’s platform to buy, sell, and hold Bitcoin.
The bank says it plans to expand the service to more customers in the future. Created in partnership with Coinbase (NASDAQ: COIN), the deal means PNC Bank will also provide banking services to the crypto exchange.
If the cryptocurrency industry is to grow, adoption will be crucial. And having a major bank offer Bitcoin to its clients is another step on that path. However,…
