Key insight: Major banks such as PNC are embedding direct bitcoin trading into client platforms starting with private banking. Expert quote: Deloitte's Roy Ben-Hur: "Digital assets are moving from the periphery of finance into the mainstream." Forward look: Expect broader rollouts of crypto trading in banks and additional regulatory guidance in the future.Source: Bullet points generated by AI with editorial review PNC Bank and Coinbase have launched direct access to spot bitcoin trading for eligible ...

PNC Bank is now offering direct bitcoin (BTC) trading to its private banking clients, becoming the first major U.S. bank to embed spot bitcoin access inside its digital banking platform. The new feature, which went live Monday, caps off a partnership with Coinbase (COIN) that’s been in development since 2021 and was formally announced in July this year. The feature is available to eligible clients of PNC Private Bank and is powered by Coinbase’s Crypto-as-a-Service (CaaS) platform. The integration, whic ...

PNC Financial Services Group Inc.’s high-net-worth customers can now trade Bitcoin directly through their investment accounts, fulfilling an initial goal of the Pittsburgh-based lender’s partnership with Coinbase Global Inc. announced in July. The move is the latest example of a traditional financial services provider offering digital asset trading through its own platform — a role still primarily filled by cryptocurrency exchanges such as Coinbase. Through its partnership with PNC, Coinbase provides brok ...