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Coinbase to Snap up Solana-Based DEX Vector as Acquisition Spree Continues
The exchange’s latest deal folds Solana-native Vector into its consumer trading arm, extending a rapid M&A streak.
Nov 21, 2025, 2:30 p.m.
What to know:
- Coinbase is acquiring Vector, a Solana-based on-chain trading platform, with the team set to integrate into Coinbase’s consumer trading division and its standalone apps slated for shutdown.
- The deal marks Coinbase’s ninth acquisition of 2025, following earlier buys including Echo for $375 million and Deribit for $2.9 billion.
- Vector’s addition arrives as Solana DEX volume surpasses $1 trillion this year, reinforcing Coinbase’s ambition to build an “everything exchange” with faster token access and improved execution for traders.
Coinbase is adding another Solana-focused piece to its growing trading empire with the acquisition of Vector, an on-chain trading platform built natively for Solana’s high-speed environment.
The companies didn’t disclose financial terms, but the deal is expected to close before the end of the year, according to a blog post.
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Vector’s team and technology will be absorbed into Coinbase’s consumer trading division, where they’ll help accelerate support for newly issued Solana assets, improve order routing, and strengthen the exchange’s broader DEX-facing infrastructure.
Once the deal finalizes, Vector’s standalone mobile and desktop apps will wind down, though the Tensor Foundation — which oversees the Tensor NFT marketplace and its token — will continue operating independently.
The acquisition extends Coinbase’s rapid deal-making streak. This marks the exchange’s ninth purchase of 2025 following deals to buy Echo for $375 million and options exchange Deribit for $2.9 billion among others.
The Vector deal comes as Solana's cumulative DEX volume crosses the $1 trillion market this year, with Coinbase seemingly intent of expanding across an ecosystem that was buoyed by memecoin mania at the turn of the year.
Coinbase framed the move as another step toward building an “everything exchange.” For traders, that could mean faster access to new tokens and smoother execution across Solana’s fast-moving markets.
The company says more integrations are on the horizon as it continues expanding its on-chain trading capabilities.
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The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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