PNC Bank to launch crypto trading via Coinbase partnership

Key Points

1. PNC Bank announced a partnership with Coinbase to enable crypto trading for its customers without logging out of their accounts.

2. The service will be facilitated through Coinbase's Crypto-as-a-Service platform, which provides custodial, brokerage, and payment services for institutions.

3. PNC Bank cited increasing demand for digital assets as a key reason for the move.

4. The partnership follows the signing of the GENIUS Act, which regulates stablecoins and their issuers in the US.

5. Other traditional banks like JPMorgan Chase, Citigroup, and Bank of America have also recently announced crypto-related initiatives.