Coinbase Unveils Bank Deals With PNC, Chase, and Citi

Coinbase has built banking partnerships with PNC, JPMorgan Chase, and Citi covering Bitcoin trading, account funding, and stablecoin payments, according to CryptoNews. The integrations connect traditional financial infrastructure with Coinbase’s digital asset systems.

PNC launched its Bitcoin trading service on Dec. 9, 2025, allowing eligible private banking clients to buy, sell, and hold Bitcoin directly inside its digital platform using Coinbase's Crypto-as-a-Service infrastructure. William Demchak, PNC’s chairman and chief executive, stated the offering provides clients with bitcoin access in a controlled environment. Meanwhile, JPMorgan Chase’s agreement, announced in July 2025, covers a customer base of more than 80 million, setting out credit card funding, rewards redemption into Coinbase accounts, and direct bank account connections.

Citi Stablecoin Payments and Community Banking

Citi’s collaboration focuses on business stablecoin payments and virtual accounts. Coinbase selected Citi’s Virtual Account Wallet to support Coinbase Virtual Accounts, allowing customers to accept, hold, and send funds with incoming traditional currency automatically converted into stablecoins. A separate integration connects Coinbase's payment infrastructure to Spring by Citi, enabling institutional clients to accept stablecoins at checkout without holding the tokens themselves.

Additionally, Coinbase announced a separate Stablecore partnership on Sept. 16 to bring digital asset services to community and regional banks, targeting a potential footprint exceeding 3,000 U.S. institutions. Implementation is currently underway with lenders such as Amarillo National Bank.

Key facts

• PNC launched its Bitcoin trading service for eligible private banking clients on Dec. 9, 2025.
• Chase’s agreement covers credit card funding, Ultimate Rewards point redemption, and direct account connections for a base of over 80 million customers.
• Citi’s collaboration introduces virtual accounts and merchant stablecoin payment acceptance with traditional currency settlement.
• Coinbase's Stablecore partnership targets a potential network of over 3,000 U.S. community and regional banks and credit unions.