#Breaking: $549 Billion PNC Bank Partners Coinbase to Offer Crypto Services

PNC Bank, which boasts around $549 billion in assets under management (AuM) has partnered Coinbase to boost its crypto offerings to clients.

Highlights

PNC Bank announced a strategic partnership with Coinbase in a bid to expands its offerings to clients.

The bank will also provide certain services to the top crypto exchange.

This comes amid reports that JPMorgan is exploring Bitcoin, Ethereum backed loans.

In a massive development, PNC Bank is the latest major U.S. financial institution to jump on the crypto wave. The $549 billion AuM banking giant, which ranks as the seventh-largest U.S. bank, has partnered with crypto exchange, Coinbase, to expand its client offerings to include digital asset services.