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According to Bloomberg, high-net-worth clients of PNC Financial Services Group Inc. can now trade Bitcoin directly through their investment accounts, achieving the initial goal set by the Pittsburgh-based bank when it announced its partnership with Coinbase Global Inc.This move is the latest example of traditional financial institutions offering digital asset trading services on their own platforms—an area still largely dominated by cryptocurrency exchanges like Coinbase. Brett Tejpaul, co-head of Coinbase's institutional business, stated that through the partnership with PNC, Coinbase provides brokerage services and technology integration, enabling clients to trade Bitcoin in any amount.

ChainCatcher news, according to Bloomberg, the eighth largest bank in the U.S., PNC Financial Services Group, has partnered with cryptocurrency exchange Coinbase to provide digital currency services to its banking clients. In the initial phase of the collaboration, PNC's wealth and asset management clients will be able to trade cryptocurrencies directly through their accounts without switching platforms. PNC also plans to explore the application of digital assets in areas such as corporate payments and cash management. PNC executives stated that as cryptocurrencies become more prevalent in payment scenarios, there is potential to support clients in settling transactions with digital currencies in the future. Additionally, PNC expects that stablecoin-related businesses will be led by industry alliances, with banks actively participating.

ChainCatcher news, according to CoinGape, the Bitcoin spot ETF market has just welcomed the entry of PNC, the eighth largest bank in the United States, which announced that it has exposure to Bitcoin. According to its 13F filing with the U.S. Securities and Exchange Commission (SEC), PNC Bank, which manages assets totaling $325 billion, stated that its Bitcoin exposure is valued at $67 million.According to former Sequoia Capital analyst Julian Fahrer, PNC Bank has increased its investment in Bitcoin ETFs over the past year. This financial giant raised its holdings from $10 million to $67 million. According to the 13F filing, PNC Bank invested in the Bitwise Bitcoin ETF (BITB).