Coinbase to Acquire Solana Trading Platform Vector to Expand On-Chain Access

Coinbase, the leading crypto exchange, is planning yet another acquisition in what’s shaping up to be its most active year for M&A deals. In a recent blog post, the exchange announced that it has entered into an agreement to acquire Vector, an on-chain trading platform built on Solana.

Expanding On-Chain Trading

This move will give traders access to one of crypto’s most active, high-velocity trading ecosystems. According to Messari, Solana’s decentralized exchange (DEX) volume for 2025 has already crossed $1 trillion. 

“This acquisition will help make Coinbase the best place to trade by broadening asset availability and improving the experience of trading assets through our DEX trading integration in Coinbase,” the exchange said.

Vector’s team brings deep Solana-native expertise and technology that can detect new assets as soon as they are created on-chain or launched via major launchpads. This technology will integrate into Coinbase’s DEX to improve speed, liquidity, and access to a wider range of assets across the Solana ecosystem.

Currently, users can only trade tokens on exchanges built on Coinbase’s own blockchain, Base. The exchange hopes to further expand access to Solana. The deal is expected to close by the end of the year, pending the customary closing requirements.

As part of this integration, its current mobile and desktop apps will be discontinued. Tensor Foundation, which governs the Tensor protocol, will stay independent and continue to oversee the Tensor NFT marketplace and its native token, which will also remain independent and unaffiliated with Coinbase.

Towards an “Everything Exchange”

“The Coinbase app is really meant to be an agnostic platform to enable people to trade all of the assets they want to trade,” Max Branzburg, Coinbase’s vice president of product management, told Fortune. 

Branzburg emphasized that combining Vector’s depth with Coinbase’s scale will unlock a new chapter of open, accessible, global trading.

Coinbase is working towards becoming an “everything exchange”, a single platform where users can trade everything on-chain with faster, cheaper, and always-accessible markets. 

Growing Trend in Crypto M&A

Notably, this marks Coinbase’s ninth acquisition in 2025.

It bought the crypto derivatives exchange Deribit for $2.9 billion in May, and in October, it paid $375 million for the ICO platform Echo. It also planned to buy the stablecoin company BVNK for around $2 billion. However, that deal was called off in November.

Coinbase is not the only one buying startups. In the third quarter of 2025, crypto mergers and acquisitions topped $10 billion, according to Architect Partners.