Cryptocurrency exchange Coinbase and financial services firm PNC Bank have entered into a strategic partnership to improve digital asset adoption for PNC’s clientele, an announcement made by the Pennsylvania-based firm on 22nd July, 2025.
As part of the deal, PNC clients will be able to buy, sell, and hold cryptocurrency. PNC will also lend its banking services to Coinbase in a two-way exchange that will improve financial systems and services for both firms.
Coinbase announced the update on X as well.
“Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients,” said PNC chairman and CEO William S. Demchak
PNC Financial Services Group—of which PNC Bank is a part of—were up by 1.32% at $198.1 per share following the announcement.
Source: Yahoo Finance
“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.” said Coinbase Institutional head Brett Tejpaul.
PNC’s Q2 2025 report showed revenues of $5.7 billion, an increase of 4% compared to the first quarter of the year, with the increase primarily driven by non-interest income and net interest income.