PNC Bank partners with Coinbase to offer cryptocurrency services

PNC Bank (NYSE: PNC) announced a strategic partnership with Coinbase (NASDAQ: COIN) to provide digital asset solutions to PNC's banking clients and institutional investors. The collaboration will also see PNC provide select banking services to Coinbase.

The partnership combines PNC's banking infrastructure with Coinbase's Crypto-as-a-Service platform to enable PNC clients to buy, hold and sell cryptocurrencies. The companies will work together to develop an initial cryptocurrency offering for PNC's client base.

"Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients," said William S. Demchak, PNC chairman and chief executive officer. "We will also provide PNC's best-in-class banking services to Coinbase."

Brett Tejpaul, head of Coinbase Institutional, stated that PNC is a market leader in delivering products for clients and that Coinbase's platform provides tools to develop a scalable business built on security foundations.

PNC is among the largest diversified financial services institutions in the United States, offering retail and business banking, lending products, and specialized services for corporations and government entities. Coinbase operates as a digital asset platform providing trading, staking, and custody services.

The announcement was made through a press release statement from PNC Bank on July 22, 2025.

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