PNC Bank to Offer Crypto Services Through Coinbase Partnership
Main Idea
PNC Bank has partnered with Coinbase to offer crypto services, marking a significant move by a major US bank into the cryptocurrency space, reflecting growing institutional interest in digital assets.
Key Points
1. PNC Bank announced a partnership with Coinbase to provide Crypto-as-a-Service, enabling customers to buy, hold, and trade cryptocurrencies.
2. The deal includes PNC offering 'best-in-class' banking services to Coinbase, signaling deeper integration between traditional finance and crypto.
3. US banks, including JPMorgan Chase and Citigroup, are increasingly exploring crypto services, such as stablecoin offerings, indicating broader institutional adoption.
4. Following the announcement, PNC Financial Services Group's shares rose 0.59%, and analysts raised Coinbase's price target to $350, reflecting positive market sentiment.
5. Coinbase's platform provides custody and trading tools for institutional partners, positioning it as a key entry point for banks entering the crypto market.
Description
Pittsburgh-based financial services corporation PNC Bank has announced adding Coinbase’s Crypto-as-a-Service platform, enabling customers to buy, hold and sell crypto. The crypto move announced on Tuesday said that PNC will also offer “best-in-class” banking services to Coinbase. The PNC-Coinbase deal comes amid growing demand for regulated crypto offerings. “This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform,” said ...
Latest News
- Billionaire Binance Founder Says ‘FOMO Season Soon’ as Altcoin Index Starts Ticking Up2025-07-23 09:31:23
- Bank of England Considers Abandoning Digital Pound CBDC Project Amid Growing Opposition2025-07-23 09:29:08
- PENGU Hits Record Volume, Token up Over 20% – How Far Will it Go?2025-07-23 08:31:22
- ASX-Listed DigitalX Adds Another $8.8M in Bitcoin, Boosts Holdings to Nearly 500 BTC2025-07-23 07:44:58
- Consensys Cuts 7% of Staff in Latest Crypto Industry Shake-Up: Report2025-07-23 07:08:50