PNC Bank today announced a partnership with Coinbase with the aim of expanding access to reliable, secure and innovative digital assets solutions to bank customers and institutional investors of PNC.
The PNC will also provide selected banking services to Coinbase, reflecting the commitment of the two companies to a more durable digital financial system.
This partnership concentrates PNC’s inheritance for customer service and innovation with the institutional infrastructure of the CRYPTO-A-A-A-Service (CAAS) platform for safe, scalable encryption access for PNC customers. PNC and Coinbase will work together to develop an initial offer that will allow customers to buy, hold and sell cryptocurrencies.
“Working with Coinbase accelerates our ability to bring innovative, cryptographic financial solutions to our customers,” said William S. Demchak, President and CEO of PNC. “We will also provide PNC’s best banking services to Coinbase. This collaboration allows us to respond to the increasing demand for safe and improved access to digital assets on the credible PNC platform.”
Brett Tejpaul, head of the institutional coinbase, said: “PNC is a market leader in providing better products for their customers.