PNC Bank has become one of the first major U.S. lenders to offer direct spot bitcoin trading within its existing investment accounts for high-net-worth clients.
This move expands a partnership with Coinbase, leveraging Coinbase's trading and custody infrastructure, but routing the transactions through PNC's platform.
Key Details of the Service:
- Integration: Clients can buy and sell bitcoin using cash already in their PNC accounts.
- Unified View: Crypto balances now appear alongside traditional holdings like stocks and bonds within the client's investment portfolio.
- Bank's Goal: PNC executives stated the primary objective is to keep clients from moving funds to external crypto exchanges and to maintain control over the overall client relationship.
- Expansion: The bank previously only offered passive exposure through crypto-linked exchange-traded products. Direct trading access will be expanded to institutional accounts, endowments, nonprofits, and foundations early next year.
Industry Context:
- Coinbase's Role: Coinbase notes that the partnership reflects growing interest from traditional financial institutions (TradFi) that want to offer crypto services without building their own infrastructure. PNC also manages banking and treasury functions for Coinbase.
- Industry Shift:PNC's launch highlights a broader trend in the financial sector, with firms preparing for increased client activity expected in 2026. Other major actions include:
- Bank of America setting allocation ranges for crypto and planning research coverage for spot bitcoin ETFs in January.
- Vanguard lifting previous restrictions to allow trades in crypto-holding funds on its platform.
PNC's integration is seen as a strategic move to provide familiar, trusted channels for managing digital-asset exposure ahead of wider market acceptance.
December 2025, Cryptoniteuae