PNC Launches Cryptocurrency Trading Services for Its Clients
Date: 2025-07-23 Author: Oliver Abernathy Categories: BUSINESS
According to Emma Loftus, head of PNC treasury, at the first stage, the ability to trade digital assets will be available to clients of investment offices that manage assets. The main innovation is that users will not need to create separate crypto wallets or register on third-party crypto exchanges - all transactions will be carried out directly through bank accounts.
To implement this service, PNC entered into a partnership agreement with Coinbase, using their platform in the Crypto-as-a-Service format. This approach helps the bank reduce risks and avoid significant costs for developing its own crypto infrastructure. In return, PNC provides Coinbase with a range of banking services, including settlement and payment transactions.
PNC and Coinbase have been preparing to launch this service for almost four years - that is how much time it took to build technological and operational processes. According to PNC Financial, the partnership with Coinbase allows the bank to enter the cryptocurrency market with minimal costs and increased security.
This gives PNC clients a convenient and secure way to manage digital assets without having to turn to external crypto platforms. This reflects the growing trend of large traditional financial institutions to integrate cryptocurrency products into their services, making them more accessible to a wider audience.
The launch of cryptocurrency trading at PNC demonstrates further recognition of digital assets as an important part of the financial landscape and their increasing use in everyday banking.
In the near future, the bank is expected to expand this service to other categories of clients, which will allow even more people to work with cryptocurrencies safely and easily.
