Coinbase is including one other Solana-focused piece to its rising buying and selling empire with the acquisition of Vector, an on-chain buying and selling platform constructed natively for Solana’s high-speed atmosphere.
The businesses didn’t disclose monetary phrases, however the deal is anticipated to shut earlier than the tip of the 12 months, in accordance to a blog post.
Vector’s crew and know-how will likely be absorbed into Coinbase’s shopper buying and selling division, the place they’ll assist speed up help for newly issued Solana property, enhance order routing, and strengthen the alternate’s broader DEX-facing infrastructure.
As soon as the deal finalizes, Vector’s standalone cell and desktop apps will wind down, although the Tensor Basis — which oversees the Tensor NFT market and its token — will proceed working independently.
The acquisition extends Coinbase’s speedy deal-making streak. This marks the alternate’s ninth buy of 2025 following deals to buy Echo for $375 million and options exchange Deribit for $2.9 billion amongst others.
The Vector deal comes as Solana’s cumulative DEX quantity crosses the $1 trillion market this 12 months, with Coinbase seemingly intent of increasing throughout an ecosystem that was buoyed by memecoin mania on the flip of the 12 months.
Coinbase framed the transfer as one other step towards constructing an “every part alternate.” For merchants, that might imply sooner entry to new tokens and smoother execution throughout Solana’s fast-moving markets.
The corporate says extra integrations are on the horizon as it continues increasing its on-chain buying and selling capabilities.
