The partnership between PNC Bank, with $410 billion in assets, and Coinbase, the largest U.S. crypto exchange, marks a significant shift as traditional banking integrates with cryptocurrency, following a 2021 FTC report noting $1 billion in crypto scam losses that highlighted the sector’s risks and volatility.
This collaboration, announced on July 22, 2025, allows PNC customers to buy, sell, and hold cryptocurrencies directly through their accounts, reflecting a broader trend of crypto adoption, with the market cap reaching $3.4 trillion amid regulatory changes under President Trump’s administration.
Historical context reveals PNC’s evolution from a 1983 merger to a major financial player, now embracing blockchain technology, which a 2023 MIT study confirmed can enhance transaction security through decentralized ledgers, challenging earlier skepticism about its stability.
