PNC Bank will offer crypto trading services through a new partnership with Coinbase. The bank announced the move on Tuesday.
This follows the approval of the U.S. GENIUS Act, which regulates stablecoins and digital asset issuers.
The partnership allows PNC clients to buy, sell, and hold crypto assets through their accounts. They will not need to leave the PNC platform to access these services.
The integration will use Coinbase’s Crypto-as-a-Service platform, which provides custodial, brokerage, and payment services for institutions.
PNC Bank will also offer Coinbase certain banking services in return. William Demchak, Chairman and CEO of PNC, said the deal helps the bank offer “crypto financial solutions” faster. The bank cited rising client demand for crypto trading access.
PNC Bank Has $421 Billion in Assets Under Management
According to its Q2 2025 earnings report, PNC Bank manages $421 billion in assets. It serves retail users, corporations, and government clients. This scale makes PNC one of the largest U.S. banks entering the crypto space.
PNC Financial Services Group, the parent company, saw its share price rise 0.59% on Tuesday, based on Google Finance data.
The new services will support crypto access without disrupting existing banking operations.
The GENIUS Act, signed by U.S. President Donald Trump, allows regulated crypto activities. The law set clear rules for stablecoin issuers, pushing traditional banks to expand into crypto trading.
Coinbase Platform Powers the Bank’s Crypto Offering
Coinbase’s Crypto-as-a-Service will provide the core tools for PNC Bank’s crypto rollout. This includes crypto custody, transaction services, and settlement options.
Coinbase offers this platform to financial institutions to help them serve digital asset demand without building infrastructure themselves.
With this setup, PNC Bank will not operate a standalone crypto platform. Instead, Coinbase will handle digital asset management under PNC’s branding and account interface.
Clients can access crypto trading while using their existing PNC credentials.
The model reduces technical challenges and shortens the setup time. Coinbase benefits by expanding its services across the traditional financial sector.
U.S. Banks Increase Crypto Moves After GENIUS Act
PNC Bank is part of a broader trend among U.S. financial institutions entering crypto markets. On July 15, JPMorgan Chase and Citigroup disclosed plans to explore stablecoins. The next day, Bank of America revealed similar plans.
This activity follows the passage of the GENIUS Act, which gave financial firms legal clarity. With rules now in place, banks can develop crypto trading systems without waiting for further guidance.
Over the past month, crypto prices have also risen. Bitcoin (BTC) climbed 21%, Ethereum (ETH) rose 70%, and XRP gained 81%, according to CoinGecko. This rise in prices added momentum to institutional crypto interest.
Congress is also discussing a new market structure bill. If approved, it may give more guidance for U.S. crypto companies and banks.
PNC Bank and Coinbase Expand Crypto Services to U.S. Clients
PNC Bank joins other major institutions using Coinbase infrastructure to enter the crypto trading market. The partnership allows clients to interact with crypto assets from within PNC’s systems.
Coinbase continues to expand its reach among banks and financial companies through this platform. It provides backend support while letting banks maintain control over user experience and compliance.
This approach positions Coinbase as a service provider for crypto infrastructure, while PNC Bank focuses on client access and compliance with U.S. rules.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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