One of the popular banks in the United States, PNC Bank, has announced a partnership with Coinbase to offer crypto services to its clients. With these strategic alliances, PNC will enable retail and institutional clients, including wealth and asset management customers, to buy, hold, and sell cryptocurrencies.
This initiative reflects the growing demand for secure and streamlined access to digital assets within trusted banking platforms.
Following this development, William S. Demchak, the Chairman and Chief Executive Officer of PNC Bank, said, “ Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients.”
He added, “ 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.”
According to the press release, this partnership combines PNC’s legacy of client services and innovation with Coinbase’s institutional-grade infrastructure for its Crypto-as-a-Service (CaaS) platform, enabling secure and scalable crypto access for PNC’s clients.
After the PNC partnership, Brett Tejpaul, head of Coinbase institutional, said, “ 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.”
A quick overview of PNC Financial Services Group Inc
As of writing, NYSE: PNC is trading at $198.78, with a slight 0.37% surge in the last session and an 8.87% increase over the past 30 trading sessions.
Source: TradingView
According to data from TradingView, PNC Financial Services Group Inc. has a market capitalization of $77.84 billion, which grew around 1.09% in 2025; however, the market cap was only at $61.68 billion in 2023, which grew by 24.33% reaching $76.69 billion in the last year.
In the first quarter of this year, PNC Financial Services Group Inc. reported a total revenue of $8.02 billion, with a net income of $1.47 billion, and a net margin of 18.35%.
And in Q2, 2025, the total revenue was $8.41 billion, with a net income of $1.62 billion, and a net margin was 19.22%. In the just-ended quarter, PNC is expected to report $5.83 billion in revenue, and in the same frame, its expected EPS is $3.99.