Coinbase ’Doubles Down’ on Solana with Newest DEX Acquisition

US-based cryptocurrency alternate Coinbase stated it can purchase Vector, a decentralized platform constructed on Solana, within the firm’s newest acquisition of 2025.

In a Friday weblog, Coinbase stated the acquisition of Vector and its staff was a part of the corporate’s technique to change into an “every part alternate.” The crypto alternate didn’t disclose the quantity it paid for Vector, however stated the transfer would enhance exercise via “DEX buying and selling integration.” 

“We’re excited to welcome the Vector staff as we maintain constructing towards one objective: making it straightforward for anybody, wherever, to commerce any crypto asset,” stated Coinbase.

Buying Vector adopted multimillion- and billion-dollar offers by Coinbase in 2025. This yr, the alternate introduced the acquisition of blockchain-based promoting platform Spindle, on-line browser Roam, Liquifi, crypto choices buying and selling platform Deribit and crowdfunding platform Echo.

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Coinbase is awaiting a call on its utility for a Nationwide Belief Firm Constitution within the US, which requires approval from the Workplace of the Comptroller of the Foreign money. The transfer by the crypto alternate faces opposition from many banks, which declare that Coinbase can be difficult “untested” parts of crypto custody.

Crypto corporations going public within the US

Whereas Coinbase continues its shopping for spree, different US crypto corporations could problem the alternate’s market share via preliminary public choices.

Within the earlier two weeks, Grayscale Investments and Kraken introduced filings associated to their plans to go public on US markets. Coinbase was one of many earliest US crypto corporations to take action, launching its IPO in 2021.

Shares of Gemini, run by Cameron and Tyler Winklevoss, debuted on the Nasdaq in September, whereas cryptocurrency alternate operator and media firm Bullish went public on the New York Inventory Trade in August.