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Coinbase (COIN) Picks Up Solana-Native Vector Continuing 2025 Acquisition Run

Coinbase will integrate Vector.fun’s decentralized exchange tech and hire its 13 employees to broaden Solana asset trading beyond its Base blockchain ecosystem.

  • This year Coinbase agreed to acquire Vector.fun, a Solana-native decentralized exchange, without disclosing financial terms, and expects to close the deal this year.
  • Framed as part of a wider strategy, Coinbase is building an "everything exchange" using profits from a strong 2024 and 2025 to fuel a larger acquisition program in 2025.
  • Coinbase will fold Vector's team and tech into its consumer trading division to accelerate support for Solana assets, improve order routing, and strengthen DEX-facing infrastructure.
  • Vector's consumer apps will be wound down as Coinbase brings the team on board, with Vector's standalone mobile and desktop apps closing while the Tensor Foundation remains independent.
  • Amid a busy M&A quarter that totaled more than $10 billion, Coinbase continued buying with acquisitions including Deribit for $2.9 billion and Echo for $375 million, while Solana's DEX ecosystem hit a milestone this year.
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Fortune broke the news in New York, United States on Friday, November 21, 2025.
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