Wealth Management
PNC Bank has introduced direct Bitcoin trading services for its private banking clients, targeting high-net-worth and ultra-high-net-worth individuals. The service, powered by Coinbase, allows clients to buy, sell, and hold Bitcoin seamlessly through PNC. This move positions PNC as the first major bank to offer such integrated crypto services to this affluent group.
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Morgan Stanley announced on October 10 that starting October 15, its financial advisors can offer cryptocurrency funds to any wealth management client, regardless of account type or asset level. This policy shift removes prior restrictions limiting access to high-net-worth individuals with aggressive risk profiles. The change aligns with evolving U.S. regulatory approvals for crypto exchange-traded funds.