Coinbase Partners With US Bank to Boost Bitcoin Adoption
Analysis
Price Impact
HighThe partnership between coinbase and pnc bank, a major u.s. bank, to offer direct bitcoin trading and custody services to its private clients is a significant step towards mainstream institutional adoption. pnc is the first major u.s. bank to do so, setting a precedent.
Trustworthiness
HighThe information is based on an official announcement from coinbase regarding its partnership with pnc bank, reported by a reputable crypto news source.
Price Direction
BullishOpening direct bitcoin access to high-net-worth individuals and potentially institutional clients via a major u.s. bank creates a new, regulated inflow channel for capital into btc. this increased accessibility and legitimacy are strong bullish indicators.
Time Effect
LongWhile there might be some short-term positive sentiment, the real impact of traditional financial institutions (tradfi) entering the crypto space and onboarding clients will play out over an extended period as adoption gradually increases and other banks potentially follow suit.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News The crypto industry has continued to evolve, and major traditional banks even in the U.S. are beginning to offer crypto trading services to their users. Advertisement On Tuesday, Dec. 9, the leading U.S.-based cryptocurrency exchange, Coinbase, announced it had entered a notable partnership with PNC Bank, a major U.S. bank that offers exclusive financial services to customers in the region. With this partnership, Coinbase and PNC bank will join hands to offer direct crypto services to its clients. HOT Stories Standard Chartered: Bitcoin Halving Cycles Are Over Morning Crypto Report: Ripple CTO Says XRP Holdings Are Undervalued, Andrew Tate Declares He's 'Huge on Bitcoin,' Solana Drops Rare XRP Mention Shiba Inu Whale Activity Hits Highest Level Since June Crypto Market Prediction: No Bitcoin, $100,000 Next Time, Is Shiba Inu (SHIB) Wearing Bull Horns Again? XRP Becoming Dominant PNC becomes first U.S. bank to offer Bitcoin trading Although the crypto ecosystem has continued to see surging interest from traditional banks, this partnership is exceptional, as PNC has become the first bank to offer direct Bitcoin trading among all major U.S. banks. Advertisement With support from Coinbase , PNC Bank has officially launched a new service that allows eligible private banking clients to buy, hold and sell Bitcoin directly through the bank itself. According to the announcement shared by Coinbase, the crypto service is fully powered by Coinbase’s Crypto-as-a-Service (CaaS) infrastructure. Thus, PNC is now officially the first major U.S. bank to bring direct Bitcoin access to its private clients. While the service is only limited to its private clients, PNC has further revealed that it plans to expand the service to institutional clients in the future. You Might Also Like Tue, 12/09/2025 - 14:51 'Huge Step': Coinbase CEO Hails CFTC Crypto Move By Tomiwabold Olajide Apparently, it is safe to say that the move aligns with Coinbase’s mission, as its Crypto-as-a-Service platform is designed specifically to help traditional banks and financial institutions to offer crypto services. The infrastructure aims to save them the stress of having to build or manage complex crypto infrastructure themselves. Per the announcement, the partnership is targeted initially at high-net-worth clients within the PNC Private Bank division. As such, it will offer them integrated Bitcoin trading and custody, all within the PNC ecosystem. With this development, PNC bank can now start providing secure Bitcoin trading and custody with the same experience that matches the banking standard expected by its clients. #Coinbase #Bitcoin #Crypto Exchange