Coinbase ‘doubles down’ on Solana with latest DEX acquisition

The crypto exchange purchased Vector for an undisclosed amount, the latest acquisition by Coinbase in 2025 after Deribit, Echo and others.

US-based cryptocurrency exchange Coinbase said it will buy Vector, a decentralized platform built on Solana, in the companys latest acquisition of 2025.

In a Friday blog, Coinbase said the acquisition of Vector and its team was part of the companys strategy to become an “everything exchange.” The crypto exchange did not disclose the amount it paid for Vector, but said the move would improve activity through “DEX trading integration.”

“Were excited to welcome the Vector team as we keep building toward one goal: making it easy for anyone, anywhere, to trade any crypto asset,” said Coinbase.

Source: Coinbase

Acquiring Vector followed multimillion- and billion-dollar deals by Coinbase in 2025. This year, the exchange announced the purchase of blockchain-based advertising platform Spindle, online browser Roam, Liquifi, crypto options trading platform Deribit and crowdfunding platform Echo.

Related: Solana ETF Inflows Soar: When Will SOL Price Follow the Trend？

Coinbase is awaiting a decision on its application for a National Trust Company Charter in the US, which requires approval from the Office of the Comptroller of the Currency. The move by the crypto exchange faces opposition from many banks, which claim that Coinbase would be challenging “untested” elements of crypto custody.

Crypto companies going public in the US

While Coinbase continues its buying spree, other US crypto companies may challenge the exchanges market share through initial public offerings.

In the previous two weeks, Grayscale Investments and Kraken announced filings related to their plans to go public on US markets. Coinbase was one of the earliest US crypto companies to do so, launching its IPO in 2021.

Shares of Gemini, run by Cameron and Tyler Winklevoss, debuted on the Nasdaq in September, while cryptocurrency exchange operator and media company Bullish went public on the New York Stock Exchange in August.