PNC Bank has introduced a new feature that lets qualified PNC Private Bank clients trade Bitcoin
According to a December 9 announcement, the new setup connects Coinbase’s
$1.55B
institutional infrastructure to PNC’s private banking portal, which allows users to manage crypto transactions in the same place they view other holdings.
Clients can buy, hold, and sell Bitcoin through Portfolio View, a feature that also shows traditional investments in one place.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Polkadot in Crypto? (DOT Animated Explainer)
PNC Private Bank serves high and ultra-high-net-worth clients through more than 100 offices. The new feature adds another option for clients who want to include digital assets in their financial plans without leaving the bank’s trusted environment.
Coinbase’s CaaS system supports the core functions behind the service, such as trading and custody, while meeting strict security and compliance standards. This partnership helps PNC expand into the crypto market safely and efficiently.
Clients benefit from having all activities, traditional and digital, managed through a single platform, which reduces complexity and improves oversight.
William S. Demchak, chairman and chief executive officer of PNC, said:
As client interest in digital assets continues to grow, our responsibility is to offer secure and well-designed options that fit within the broader context of their financial lives.
On December 9, Circle received approval from Abu Dhabi’s FSRA to operate as a licensed Money Services Provider. What did CEO of Circle, Jeremy Allaire, say? Read the full story.
