Crypto exchange Coinbase (Nasdaq: COIN) announced on Dec. 9 that it expanded its partnership with PNC Bank to deliver direct spot bitcoin access for eligible PNC Private Bank clients, focusing on deeper integration of digital asset services.

The announcement states:

PNC Private Bank clients can now buy, sell, and hold bitcoin directly through their accounts on PNC’s digital banking platform, making them the first major US bank to support this type of offering.

The crypto firm said the capability is powered by its Crypto-as-a-Service infrastructure, designed to let institutions offer digital asset access within existing banking channels.

“Today marks a major milestone for institutional crypto adoption,” Coinbase Institutional commented on X. The company added that the expansion builds on a strategic partnership announced in July and reflects growing demand for secure, integrated digital asset tools among wealth clients.

Read more: Crypto Poised for December Recovery as Coinbase Spots Momentum Shift

This collaboration shows how PNC is aligning its private-banking services with Coinbase’s infrastructure to support bitcoin engagement in a regulated environment.

Brian Armstrong, the CEO of Coinbase, stated on X:

Exciting to see more banks embrace crypto like this. PNC Private Bank clients can now buy, sell, and hold bitcoin in their existing accounts. PNC is the first major US bank to support this type of offering.

Coinbase noted that embedding bitcoin access within traditional banking workflows may encourage broader adoption while keeping security and usability intact. As interest in digital assets grows, the partnership highlights ongoing efforts to connect conventional finance with the evolving digital economy.

• What new capability does PNC now offer through Coinbase?
  PNC Private Bank clients can buy, sell and hold bitcoin directly within their existing digital banking accounts.
• Why is the Coinbase–PNC partnership significant?
  It marks the first time a major U.S. bank provides embedded spot bitcoin access for private-bank clients.
• How is Coinbase powering PNC’s bitcoin service?
  Coinbase’s Crypto-as-a-Service infrastructure enables bitcoin transactions inside PNC’s traditional banking platform.
• What broader trend does the partnership highlight?
  It underscores rising demand for integrated digital asset tools within regulated wealth-management channels.

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