Coinbase, a cryptocurrency exchange, has entered into an agreement to acquire Vector, an onchain trading platform built on the Solana blockchain. This acquisition will expand Coinbase’s support for the Solana trading ecosystem by integrating Vector’s technology into its consumer trading experience.
Vector’s team brings Solana-native experience, and its technology features infrastructure that can identify new onchain assets immediately upon creation or launch via major launchpads. By plugging this technology into its decentralized exchange, or DEX, trading integration, Coinbase intends to provide access to a broader set of assets across the Solana ecosystem.
As part of the integration, Vector’s current mobile and desktop applications will be discontinued. The Tensor Foundation, a community-governance group for the Tensor protocol, will remain independent from Coinbase, continuing to oversee the Tensor NFT marketplace and its native token, which will also remain independent.
The acquisition supports Coinbase’s vision of becoming an “everything exchange” that offers 24/7 global access to digital assets. The deal is subject to customary closing conditions and is expected to be finalized by the end of the year. Financial terms were not disclosed.
