$410 BILLION asset management group, PNC Bank, is partnering with Coinbase to offer crypto services to its customers.๐๐
The partnership is still in its early stages, but it will allow PNC Bank clients to trade cryptocurrency using their PNC accounts.
According to Loftus, the partnership will ensure that PNC customers can deal in crypto transactions while remaining logged into their PNC Bank accounts.๐๐
PNC is also interested in use cases for commercial and corporate clients for payments and treasury-management functions.
JPMorgan and CitiBank ๐๐๐
have also hinted at implementing crypto services and even offering stablcoins to their customers. Following US President Donald Trump passing the GENIUS stablecoin bill, demand for the asset tied to fiat is rising. Thus, institutions like PNC Bank and JPMorgan Chase are working to support that demand from new crypto customers.
