PNC Bank Launches Direct Bitcoin Trading via Coinbase Crypto-as-a-Service

US banking giant PNC Bank has launched direct Bitcoin trading for qualified institutional clients, making it the first major US-based banking firm to do so. PNC Bank is the ninth-largest US bank by assets as of Q3, 2025. The firm has partnered with Coinbase, the second largest cryptocurrency exchange by volume, to launch its direct trading services. According to a Nov. 9 press release, approved PNC Private Bank clients can now buy, sell, and hold Bitcoin directly through their accounts on PNC’s digital b ...