Coinbase ’doubles down’ on Solana with newest DEX acquisition

US-based cryptocurrency change Coinbase mentioned it’s going to purchase Vector, a decentralized platform constructed on Solana, within the firm’s newest acquisition of 2025.

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

“We’re excited to welcome the Vector staff as we maintain constructing towards one purpose: making it simple for anybody, anyplace, to commerce any crypto asset,” mentioned Coinbase.

Buying Vector adopted multimillion- and billion-dollar offers by Coinbase in 2025. This 12 months, the change 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.

Associated: Solana ETF Inflows Soar: When Will SOL Worth Comply with the Development?

Coinbase is awaiting a choice on its software 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 change faces opposition from many banks, which declare that Coinbase can be difficult “untested” components of crypto custody.

Crypto firms going public within the US

Whereas Coinbase continues its shopping for spree, different US crypto firms might problem the change’s market share by way of 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 firms 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 change operator and media firm Bullish went public on the New York Inventory Trade in August.