With the goal to expand its exposure in the DeFi, Coinbase announced its agreement to acquire Vector, a Solana-based on-chain trading platform known for its mobile-first interface and real-time meme coin trading, on Thursday, November 21, 2025.
The deal financial terms remain not disclosed at the moment and are expected to be closed by the end of 2025 subject to regulatory approval. Upon completion, Vector’s standalone mobile and desktop applications will be shut down, and its 13-person team will join Coinbase to accelerate the exchange’s Solana integrations.
Vector allows its users to mirror top traders’ positions and access newly launched tokens across Solana launchpads with near-instant detection and execution. Coinbase said the acquisition will improve its decentralized exchange features by incorporating Vector’s high-speed infrastructure, allowing faster asset discovery and improved liquidity routing for Solana-based trading.
This acquisition is Coinbase’s ninth acquisition in 2025, following the $2.9 billion takeover of Deribit in May and the $375 million purchase of ICO platform Echo in October. The exchange’s buying spree is in line with its CEO, Brian Armstrong’s vision of turning Coinbase into the “everything exchange,” a one-stop platform for centralized and decentralized trading across blockchains.
Solana’s decentralized exchange ecosystem has recorded more than $1 trillion in cumulative trading volume this year, according to Messari data, most of it from meme coin activity and high-frequency trading tools like Vector.
Solana Gets a 100 Million-User Boost, Tensor Stays Independent
Following the announcement, Coinbase shares, COIN surge by 1.75% to approximately $240.
The crypto community is positive on the acquisition and sees it as a bullish sign for Solana adoption with Coinbase’s over 100 million verified users, especially for low-cost, high-throughput use cases such as meme coins and decentralized finance applications.
The official Solana account congratulated Vector on X, while some traders questioned Tensor’s continued dominance in Solana NFT volume. Coinbase clarified that the Tensor Foundation, which oversees the separate Tensor NFT marketplace and its token, is not part of the transaction and will remain independent.
The deal adds to a record year for cryptocurrency mergers and acquisitions, with Coinbase remaining one of the sector’s most active consolidators.
