PNC Bank partnered with Coinbase to expand access to secure digital asset solutions for clients and investors. PNC will also offer select banking services to Coinbase, showing a shared commitment to the strong digital financial system.
This partnership combines PNC’s client service and innovation with Coinbase’s Crypto-as-a-Service platform to provide secure and scalable access to cryptocurrency. They will be developing an initial offering for clients to buy, hold, and sell cryptocurrencies.
KEY QUOTES:
“Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients. We will also provide PNC’s best-in-class banking services to Coinbase. This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform.”
William S. Demchak, PNC chairman and chief executive officer
“PNC is a market leader in delivering best-in-class products for their clients. We’re thrilled to support their entry into the digital asset market with our leading Crypto as a Service platform, which provides PNC with a powerful set of tools to develop a scalable, high-growth business, built on a foundation of uncompromising security.”
Brett Tejpaul, head of Coinbase Institutional
