In a significant strategic move announced on November 21, 2025, Coinbase has entered into an agreement to acquire Vector, a dynamic onchain trading platform built natively on the Solana blockchain.

This acquisition, expected to close by the end of the year, is a decisive step toward realizing Coinbase’s vision of becoming the everything exchange, a comprehensive, single-stop platform for all onchain trading.

The primary goal is to integrate Vector's specialized technology and Solana native expertise directly into the Coinbase consumer trading experience, providing users with faster, broader access to the high-velocity, decentralized markets of the Solana ecosystem, which has seen its DEX volume surpass $1 trillion in 2025.

Coinbase's move is a powerful affirmation of the Solana blockchain's rapid ascent and high performance. Solana has distinguished itself as one of the most active and high-velocity trading environments in crypto, driven by institutional interest, retail activity, and a massive inflow of onchain experiments.

By acquiring Vector, Coinbase aims to address a critical need: bridging the speed and breadth of assets available on decentralized exchanges (DEXs) with the trusted user experience of a centralized platform.

Max Branzburg, the Company's Vice President of Product Management, noted that the acquisition will help make Coinbase the best place to trade by:

1. Broadening Asset Availability: Giving users access to a wider selection of tokens available on Solana's decentralized markets.

2. Improving Trading Experience: Enhancing the speed and efficiency of trading through Coinbase's existing DEX integration.

Vector’s value lies in its specialized infrastructure and experienced team of Solana native developers. This expertise is crucial for capturing the unique dynamics of the ecosystem.

Specifically, Vector’s technology brings two major advantages to Coinbase:

• Asset Identification: Vector’s infrastructure can swiftly identify new assets the moment they are created onchain or launched via major launchpads. This capability is essential in fast-moving, competitive onchain markets.

• Enhanced Execution: Integrating this technology will directly improve speed, liquidity, and execution quality within Coinbase's DEX trading integration, simplifying cross-platform routing and asset onboarding for users.

This acquisition marks Coinbase's latest step in an aggressive M&A strategy for 2025, underscoring its focus on building out infrastructure that strengthens its onchain capabilities across multiple ecosystems, not just its native Base network.

As Coinbase integrates Vector's core technology, there are specific plans regarding the platform’s existing user-facing applications and its affiliation with the Tensor protocol:

• Vector Apps Sunset: Vector’s current mobile and desktop applications will be discontinued (sunsetted) as the team and technology transition into Coinbase's consumer trading division.

• Tensor Independence: The Tensor Foundation, the community governance group for the Tensor protocol, which oversees the Tensor NFT marketplace and its native token will remain entirely independent and unaffiliated with Coinbase.

• This separation ensures that the popular Tensor NFT marketplace continues to operate under its existing community governance.

The acquisition is a clear signal that Coinbase is prioritizing infrastructure that seamlessly connects its millions of users to the raw potential and activity of decentralized networks like Solana, making good on its promise to build the everything exchange.

In a significant strategic move announced on November 21, 2025, Coinbase has entered into an agreement to acquire Vector, a dynamic onchain trading platform built natively on the Solana blockchain.

This acquisition, expected to close by the end of the year, is a decisive step toward realizing Coinbase’s vision of becoming the everything exchange, a comprehensive, single-stop platform for all onchain trading.

The primary goal is to integrate Vector's specialized technology and Solana native expertise directly into the Coinbase consumer trading experience, providing users with faster, broader access to the high-velocity, decentralized markets of the Solana ecosystem, which has seen its DEX volume surpass $1 trillion in 2025.

Coinbase's move is a powerful affirmation of the Solana blockchain's rapid ascent and high performance. Solana has distinguished itself as one of the most active and high-velocity trading environments in crypto, driven by institutional interest, retail activity, and a massive inflow of onchain experiments.

By acquiring Vector, Coinbase aims to address a critical need: bridging the speed and breadth of assets available on decentralized exchanges (DEXs) with the trusted user experience of a centralized platform.

Max Branzburg, the Company's Vice President of Product Management, noted that the acquisition will help make Coinbase the best place to trade by:

1. Broadening Asset Availability: Giving users access to a wider selection of tokens available on Solana's decentralized markets.

2. Improving Trading Experience: Enhancing the speed and efficiency of trading through Coinbase's existing DEX integration.

Vector’s value lies in its specialized infrastructure and experienced team of Solana native developers. This expertise is crucial for capturing the unique dynamics of the ecosystem.

Specifically, Vector’s technology brings two major advantages to Coinbase:

• Asset Identification: Vector’s infrastructure can swiftly identify new assets the moment they are created onchain or launched via major launchpads. This capability is essential in fast-moving, competitive onchain markets.

• Enhanced Execution: Integrating this technology will directly improve speed, liquidity, and execution quality within Coinbase's DEX trading integration, simplifying cross-platform routing and asset onboarding for users.

This acquisition marks Coinbase's latest step in an aggressive M&A strategy for 2025, underscoring its focus on building out infrastructure that strengthens its onchain capabilities across multiple ecosystems, not just its native Base network.

As Coinbase integrates Vector's core technology, there are specific plans regarding the platform’s existing user-facing applications and its affiliation with the Tensor protocol:

• Vector Apps Sunset: Vector’s current mobile and desktop applications will be discontinued (sunsetted) as the team and technology transition into Coinbase's consumer trading division.

• Tensor Independence: The Tensor Foundation, the community governance group for the Tensor protocol, which oversees the Tensor NFT marketplace and its native token will remain entirely independent and unaffiliated with Coinbase.

• This separation ensures that the popular Tensor NFT marketplace continues to operate under its existing community governance.

The acquisition is a clear signal that Coinbase is prioritizing infrastructure that seamlessly connects its millions of users to the raw potential and activity of decentralized networks like Solana, making good on its promise to build the everything exchange.