🔥Launch of Bitcoin trading.
PNC Bank, one of the largest banks in the U.S. (with over $564 billion in assets), has just launched on December 9, 2025, a direct Bitcoin trading service for its eligible private banking clients (high net worth). It is the first major U.S. bank to offer buying, selling, and custody of Bitcoin directly on its digital platform, without the need to use external exchanges.
Alliance with Coinbase: Announced in July 2025, this initial phase focuses on private clients, with plans to expand to institutions.
Quote from the CEO: William S. Demchak, president of PNC, said: "As interest in digital assets grows, our responsibility is to offer secure options that fit into the financial lives of our clients".
This marks a significant step in the institutional adoption of crypto, although there are criticisms: some point out that fees could be high and that assets are "held" in the bank's custody (agency model), limiting external transfers.
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