The main US banks, as customers demand greater exposure to bitcoin (BTC), the cryptocurrency market is opening up.
According to what was revealed in the second quarter of the year report from the crypto-asset exchange Coinbase, PNC Bank, the fifth largest bank in the United States in assets, has partnered with the platform to have access to bitcoin .
The document, presented on August 10, indicates that many customers have selected Coinbase as their source of exclusive access to cryptocurrencies. “In recent months, we have formed partnerships with industry leaders, including Elon Musk, PNC Bank, SpaceX, Tesla, Third Point LLC and WisdomTree Investments,” they highlighted.
Although the based bank In the city of Pittsburgh, the information has not been confirmed, a source from the financial institution indicated that in the coming quarters the adoption of bitcoin will be made official, according to Coind esk.
Apparently, the intention of PNC Bank, which operates in 21 states, is to give “more fluid access to investments in cryptocurrencies for their clients, ”said the source.
It is worth remembering that PNC Bank belongs to PNC Financial Services Group, Inc., a bank holding company and a financial services corporation that includes life insurance.
In that sense, the bank published a report last June, called “Cryptocurrencies and blockchain technology in healthcare.” The letter explains that cryptocurrencies and blockchains “are driving a digital transformation and are becoming more widespread, leaders in healthcare finance should pay attention.”
PNC Bank would join the big banks that accept bitcoin
If PNC Bank’s exposure to bitcoin is confirmed in the coming months, it will be part of the list of major banks in the United States that have adopted cryptocurrency to a lesser or greater extent.
Recently, CriptoNoticias reported that JP Morgan Chase’s private banking unit is offering its wealthy clients a bitcoin fund. Last July, it also extended the service to trade bitcoin and cryptocurrencies to all its clients.
State Street, the second oldest active bank in the United States, will also provide support to its clients of private investment funds for the collection, standardization, processing and reports related to cryptocurrencies and other digital assets.
For its part, Morgan Stanley, recognized financial institution, became the first traditional bank to offer the purchase of bitcoin to its customers.
