PNC Bank to Offer Clients Crypto Services Through Coinbase Partnership
PNC Bank is set to offer crypto services to clients through a new partnership with Coinbase, following the signing of federal crypto legislation.
PNC Bank announced its crypto move on Tuesday. With Coinbase support, the US bank will offer its clients the ability to buy, sell and hold digital assets without logging out of their accounts.
The move will be made possible through Coinbase’s Crypto-as-a-Service platform. In turn, PNC Bank will offer Coinbase some of its banking services.
In a statement, PNC Chairman and CEO William Demchak said that partnering with Coinbase speeds up the bank’s ability to bring “crypto financial solutions to [its] clients.” The bank cited a growing demand for access to digital assets on its platform.
