"PNC Bank has launched direct spot bitcoin trading for eligible PNC Private Bank clients, becoming the first major U.S. bank to offer native bitcoin access directly through its own digital banking platform. The new service allows qualified private banking clients to buy, hold, and sell bitcoin without using an external cryptocurrency exchange. The offering is powered by Coinbase's Crypto-as-a-Service (CaaS) infrastructure, which provides trading, custody, and settlement capabilities embedded directly within PNC's Private Bank Online platform via its Portfolio View interface."
"Last week, Bank of America began allowing its 15,000 wealth management advisers to recommend a 1%-4% allocation to crypto for clients, signaling a broader Wall Street shift toward mainstream Bitcoin exposure. The guidance, effective next year, focuses on regulated bitcoin ETFs from Bitwise, Fidelity, Grayscale, and BlackRock, with the bank emphasizing a measured approach and clear expectations around volatility."
PNC Bank launched direct spot bitcoin trading for eligible PNC Private Bank clients, enabling buy, hold, and sell functionality without using an external cryptocurrency exchange. Coinbase's Crypto-as-a-Service (CaaS) infrastructure powers trading, custody, and settlement embedded into PNC's Private Bank Online Portfolio View interface. The launch follows a strategic partnership with Coinbase and advances integration of spot bitcoin trading into core wealth management services. Recent guidance from another major bank recommending small crypto allocations to clients reflects a broader institutional shift toward mainstream bitcoin exposure. PNC Private Bank serves high- and ultra-high-net-worth clients across more than 100 offices and emphasizes secure, regulated access.
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