Crypto analyst John Squire has declared that major banking institutions are positioning themselves around XRP following a newly announced partnership between PNC Bank and Coinbase.
In his statement, he wrote: “BREAKING. BANKING GIANTS MOVE TO XRP. PNC Bank partners with Coinbase bringing digital asset access to MILLIONS of users. Institutional money is entering the system. The future of payments and global liquidity is XRP.”
Squire directly connects the banking development to XRP, presenting the agreement as evidence that institutional capital is beginning to align with the digital asset. His assertion is clear: as large financial institutions expand their exposure to cryptocurrency infrastructure, XRP stands to benefit as a payments and liquidity solution. The tweet was accompanied by a televised report outlining the details of the partnership.
🚨 BREAKING 🚨
BANKING GIANTS MOVE TO $XRP.
PNC Bank partners with Coinbase bringing digital asset access to MILLIONS of users.
Institutional money is entering the system. The future of payments and global liquidity is XRP. pic.twitter.com/vCi06h9kv9
— John Squire (@TheCryptoSquire) February 23, 2026
CNBC Outlines Scope of the Strategic Agreement
According to a CNBC coverage, PNC Financial announced that it has entered into a strategic partnership with Coinbase. Reporter Leslie Picker stated that the arrangement is intended to expand access to digital assets for PNC’s banking clients and institutional investors. In addition, it’s agreed that PNC will provide banking services to Coinbase.
The report noted that Coinbase shares declined approximately 3.7% following the announcement, while PNC shares rose slightly. The companies plan to develop an initial offering that will enable clients to buy, hold, and sell cryptocurrencies.
A statement from the head of Coinbase Institutional explained that Coinbase will support PNC’s entry into the digital asset market through its crypto-as-a-service platform. The platform is designed to equip PNC with tools to build a scalable and security-focused digital asset business.
The segment also referenced a separate development involving JPMorgan Chase, which recently partnered with Coinbase to pilot JPMD, a deposit token managed using blockchain technology. Later in the broadcast, PNC CEO Bill Demchak was scheduled to discuss the new Coinbase partnership, recent earnings, and regulatory issues while attending the Federal Reserve’s capital conference in Washington.
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Differing Views on the XRP Connection
While Squire presented the partnership as a move toward XRP, some observers offered a more cautious interpretation. One commenter, Dave Newman, stated that the PNC and Coinbase announcement centers on crypto access and custody services rather than specific adoption of XRP.
He argued that increased institutional exposure to digital assets does not automatically mean XRP is becoming the global liquidity rail. According to his view, the development represents a significant step for digital assets in general, but linking it directly to XRP remains speculative.
Squire’s position reflects a perspective held by some market participants that expanding institutional integration with crypto infrastructure strengthens the case for assets positioned for cross-border payments and liquidity functions. However, the details outlined in the CNBC report do not explicitly reference XRP as part of the PNC–Coinbase agreement.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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