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Stock impact report

1 Thing Crypto Investors Need to Know About the PNC Bank-Coinbase Partnership [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
10 stocks we like better than Bitcoin › In December, PNC Bank (NYSE: PNC) became the first major bank to offer Bitcoin (CRYPTO: BTC) services to eligible clients. The new spot Bitcoin trading facilities will initially only be available to high-net-worth clients of PNC Private Bank. They will be able to use the bank's platform to buy, sell, and hold Bitcoin. The bank says it plans to expand the service to more customers in the future. Created in partnership with Coinbase (NASDAQ: COIN) , the deal means PNC Bank will also provide banking services to the crypto exchange. If the cryptocurrency industry is to grow, adoption will be crucial. And having a major bank offer Bitcoin to its clients is another step on that path. However, while significant, these are small steps in a very long journey. The announcement didn't have a big impact on Bitcoin's price, which has been struggling to hold its head above $90,000 for much of the past month. The one thing investors need to know is th Show less Read more
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