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JPMorgan Chase, Citi and PNC Use Coinbase for Distinct Crypto Services

JPMorgan Chase, Citi and PNC Use Coinbase for Distinct Crypto Services

Photo: TokenPost

Coinbase Institutional co-CEO Brett Tejpaul said large U.S. banks are increasingly relying on Coinbase for digital-asset infrastructure. The services span customer access to Bitcoin, connections with banking and rewards products, and payments for businesses. Bitcoin (BTC) is available to PNC private-bank customers to buy, sell and hold through the bank’s platform. JPMorgan Chase is linking Chase accounts, cards and rewards with Coinbase. The Chase banking app will not offer Bitcoin trading. Citi and Coinbase are partnering on payments made with stablecoins for businesses. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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