PNC Bank Launches Coinbase-Backed Spot Bitcoin for Private Clients
PNC Bank has begun offering a Coinbase-backed spot Bitcoin service to its private clients, enabling buy, sell and custody of BTC inside customers' online banking interfaces. The capability — first unveiled in July — uses Coinbase infrastructure to handle trading and storage, and is being rolled out to wealth and private banking segments as of December 2025.
The move underscores growing mainstream adoption as legacy banks integrate crypto services alongside traditional wealth products, improving accessibility for high-net-worth users who prefer bank-native custody. By partnering with an established crypto firm, PNC aims to combine banking trust with specialist custody. The phased release suggests broader availability could follow if demand and regulatory conditions remain favorable, potentially nudging additional client flows into on-chain assets while keeping them under bank oversight.