1 Thing Crypto Investors Need to Know About the PNC Bank-Coinbase Partnership
The Motley Fool·2025-12-28 20:36

Group 1 - PNC Bank has become the first major bank to offer Bitcoin trading services to eligible high-net-worth clients through its platform [1][3] - The service is created in partnership with Coinbase, which will also provide banking services to the crypto exchange [3] - PNC Bank plans to expand its cryptocurrency services to more customers in the future, indicating a potential shift towards mainstream adoption of crypto [3][9] Group 2 - Bitcoin purchased through PNC Bank will not be covered by FDIC insurance, highlighting a lack of consumer protection compared to traditional banking [4][6] - The current market cap of Bitcoin is approximately $1.7 trillion, with a price of $68,567 and a day's trading range between $87,419 and $87,943 [5][6] - PNC Bank's Bitcoin purchases are part of Coinbase's crypto-as-a-service, which includes custody services, although custody fees may apply [7]