PNC Bank Launches Direct Bitcoin Trading for Institutional Clients

Key Developments:

PNC Bank, the ninth-largest US bank by assets, has launched direct Bitcoin trading for institutional clients, marking a first among major US banks.
The initiative is in partnership with Coinbase, utilizing its Crypto-as-a-Service platform to integrate crypto trading into PNC's digital banking system.
Qualified PNC Private Bank clients can now directly trade Bitcoin without needing separate exchange accounts.
PNC's total assets grew by 6.5% in Q3 2025, partly due to acquiring FirstBank Holding Co. for $4.04 billion, signaling its expanding presence in digital finance.
The launch aligns with a broader trend of traditional banks integrating cryptocurrency services, as seen with Bank of America's recent client advisory on cryptocurrency portfolio allocation.