Coinbase to Snap Up Solana-Based DEX Vector as Acquisition Spree Continues

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.

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.