EddieJayonCrypto
22 Jul 25
Coinbase has partnered with PNC Bank to expand access to secure digital asset solutions for PNC's clients and institutional investors. PNC will provide select banking services to Coinbase, combining its client service expertise with Coinbase's Crypto-as-a-Service platform. This partnership allows PN...
Coinbase has revealed its strategy in response to Kraken's recent move to become a bank, opting for collaboration rather than competition with traditional financial institutions. The company announced a strategic partnership with PNC Bank designed to broaden access to secure and innovative digital asset solutions for PNC's banking clients and institutional investors.
Under this partnership, PNC will extend select banking services to Coinbase, signaling a mutual commitment to building a more resilient digital financial ecosystem. By integrating PNC's long-standing client service expertise with Coinbase's institutional-grade Crypto-as-a-Service (CaaS) platform, the collaboration aims to deliver secure and scalable cryptocurrency access to PNC clients.
The initial offering from the partnership will enable PNC customers to buy, hold, and sell cryptocurrencies directly through the bank, merging traditional banking convenience with advanced digital asset functionalities. William S. Demchak, PNC’s chairman and CEO, emphasized that this collaboration accelerates the introduction of innovative crypto financial solutions while providing Coinbase with best-in-class banking support.
Brett Tejpaul, head of Coinbase Institutional, highlighted that PNC’s leadership in client service aligns well with Coinbase’s security-first and industry-scale approach. The partnership empowers PNC with robust tools from Coinbase’s CaaS platform to build a scalable and high-growth digital asset business founded on uncompromising security.