PNC Bank Partners with Coinbase to Bring Crypto Access to 9 Million Customers

- PNC Bank partners with Coinbase to offer its 9 million customers access to cryptocurrencies. - The move positions PNC within the growing trend of traditional banks expanding into digital assets. On July 22, 2025, multiple financial media outlets, including PR Newswire, MarketScreener, and Investing.com, reported that banking giant PNC announced a groundbreaking partnership with Coinbase. The move gives its 9 million customers direct access to cryptocurrency markets. This strategic collaboration integrates Coinbase’s Crypto-as-a-Service (CaaS) infrastructure into PNC’s banking platform, allowing customers to seamlessly buy, hold, and sell cryptocurrencies. As part of the agreement, PNC will also provide select banking services to Coinbase. The partnership reflects an accelerating shift in the banking industry toward digital assets, a trend catalyzed by recent federal legislation that provided greater regulatory clarity. Specifically, the federal stablecoin law signed by President Trump established a framework for banks to navigate the cryptocurrency market, which has spurred initiatives like the one from PNC and Coinbase. Amid increasing demand for secure, regulated offerings, other major banks, notably JPMorgan Chase and Bank of America, are also exploring crypto-related ventures. During a July 22 interview with Yahoo Finance, PNC’s Head of Treasury Management, Emma Loftus, emphasized the initiative's strategic importance, stating, “This collaboration is absolutely on brand for us.” She highlighted the bank’s commitment to delivering trusted and secure cryptocurrency solutions to its customers. On July 22, CoinMarketCap reported that as of 12:00 UTC, Bitcoin (BTC) was trading at $31,054, representing a 3.6% increase in 24-hour trading volume. Meanwhile, Ethereum (ETH) was priced at $2,203, reflecting a 2.1% increase in activity.