PNC(US:PNC) Yahoo Finance·2025-12-09 17:03Core Viewpoint - PNC Bank has become the first major US-based banking firm to offer direct Bitcoin trading for qualified institutional clients through a partnership with Coinbase, enhancing its digital asset services [1][2]. Group 1: Direct Bitcoin Trading Launch - PNC Bank has launched direct Bitcoin trading for approved clients via its digital banking platform, utilizing Coinbase's Crypto-as-a-Service (CaaS) [2]. - This service allows clients to buy, sell, and hold Bitcoin directly without needing a separate exchange account [2][4]. Group 2: Financial Performance and Growth - PNC Financial Services Group Inc. reported a 6.5% sequential increase in total assets for Q3 2025, marking the third-highest growth among US banks [3]. - The growth is significantly attributed to PNC's acquisition of FirstBank Holding Co. for $4.04 billion, one of the largest bank deals in 2025 [4]. Group 3: Industry Trends - The move into Bitcoin trading aligns with a broader trend among traditional financial institutions to integrate digital assets into their offerings [5]. - Other banks, such as Bank of America, are also advising clients to allocate portions of their portfolios to cryptocurrency despite market volatility [5].