PNC Bank to Offer Crypto Services via Coinbase Partnership
PNC Financial Services Group announced on Tuesday a strategic partnership with Coinbase to offer cryptocurrency services to its clients, enhanced by recent federal regulatory changes.
The offering will leverage Coinbase’s institutional platform, Crypto-as-a-Service (Coinbase Prime), allowing clients to buy, sell, and hold digital assets without account termination. PNC Bank will provide complementary banking services to Coinbase as part of the arrangement. PNC Financial Services Group, the parent entity, held $421 billion in client assets managed at the end of Q2 2025. Its stock (PNC) closed Tuesday up 0.59%, according to Google Finance data. The announcement follows President Donald Trump’s signing of the GENIUS Act into law, establishing regulatory oversight for stablecoins and their issuers. Speculation about cryptocurrency surged recently, with Bitcoin (BTC) rising 21%, Ether (ETH) up 70%, and XRP (XRP) increasing 81% over the last month, according to CoinGecko data. Congress is currently examining a market structure bill aimed at providing further regulatory certainty for crypto assets.Institutional Crypto Expansion
