Coinbase ’Doubles Down’ on Solana with Newest DEX Acquisition

US-based cryptocurrency change Coinbase stated it should 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 grow to be an “every thing change.” The crypto change didn’t disclose the quantity it paid for Vector, however stated the transfer would enhance exercise by “DEX buying and selling integration.” 

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

Buying Vector adopted multimillion- and billion-dollar offers by Coinbase in 2025. This yr, 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 utility for a Nationwide Belief Firm Constitution within the US, which requires approval from the Workplace of the Comptroller of the Forex. The transfer by the crypto change faces opposition from many banks, which declare that Coinbase could 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 could problem the change’s market share by 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 Change in August.