The U.S.-based cryptocurrency exchange Coinbase has announced its acquisition of the decentralized platform Vector, built on Solana, marking the company's latest acquisition for 2025.
Coinbase stated in a blog post on Friday that acquiring Vector and its team is part of the company's strategy to become a "full-service exchange." The cryptocurrency exchange did not disclose the amount for the acquisition of Vector but mentioned that this move will enhance trading activities through "DEX trading integration."
"We are excited to welcome the Vector team aboard, and we will continue to work towards one goal: to make it easy for anyone, anywhere, to trade any crypto asset," Coinbase said.
The acquisition of Vector is another step for Coinbase following several million and billion-dollar transactions in 2025. This year, the exchange announced the acquisition of the blockchain-based advertising platform Spindle, the online browser Roam, Liquifi, the cryptocurrency options trading platform Deribit, and the crowdfunding platform Echo.
Coinbase is awaiting a decision on its application for a national trust company license in the U.S., which requires approval from the Office of the Comptroller of the Currency (OCC). This move by the cryptocurrency exchange has faced opposition from several banks, which claim that Coinbase will challenge the "untested" elements of cryptocurrency custody.
As Coinbase continues its acquisition spree, other U.S. cryptocurrency companies may challenge the exchange's market share through initial public offerings.
In the past two weeks, Grayscale Investments and Kraken have announced filings related to their plans to go public in the U.S. Coinbase was one of the first U.S. cryptocurrency companies to do so, launching its IPO in 2021.
Gemini, operated by Cameron and Tyler Winklevoss, went public on Nasdaq in September, while cryptocurrency exchange operator and media company Bullish listed on the New York Stock Exchange in August.
Related: Plume CEO predicts RWA will grow 3 to 5 times by 2026 as its development surpasses native cryptocurrency users.
Original article: “Coinbase Doubles Down on Solana with Latest DEX Acquisition”
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