Protonic ceramic electrochemical cells (PCECs) have received considerable attention as they can directly generate electricity and/or produce chemicals. Development of the electrodes with the trifunctionalities of oxygen reduction/evolution and nonoxidative ethane dehydrogenation is yet challenging. Here these findings are reported in the design of trifunctional electrodes for PCECs with a detailed composition of Mn0.9Cs0.1Co2O4‐δ (MCCO) and Co3O4 (CO) (MCCO–CO, 8:2 mass ratio). At 600 °C, the MCCO–CO electrode exhibits a low area‐specific resistance of 0.382 Ω cm2 and reasonable stability for ≈105 h with no obvious degradation. The single cell with the MCCO–CO electrode shows an encouraging peak power density of 1.73 W cm−2 in the fuel cell (FC) mode and a current density of ‐3.93 A cm−2 at 1.3 V in the electrolysis cell (EC) mode at 700 °C. Moreover, the MCCO–CO cell displays promising operational stability in FC mode (223 h), EC mode (209 h), and reversible cycling stability (52 cycles, 208 h) at 650 °C. The MCCO–CO single cell shows an encouraging ethane conversion to ethylene (with a conversion of 40.3% and selectivity of 94%) and excellent H2 production rates of 4.65 mL min−1 cm−2 at 1.5 V and 700 °C, respectively, with reasonable Faradaic efficiencies.