Coinbase ’doubles down’ on Solana with latest DEX acquisition
Analysis
Price Impact
MedCoinbase's acquisition of vector, a solana-based dex, signifies a stronger commitment to the solana ecosystem. this move is intended to improve 'dex trading integration' on coinbase, potentially increasing liquidity, user adoption, and overall activity for solana.
Trustworthiness
HighThe information comes directly from coinbase's official blog, as reported by cointelegraph, a reputable crypto news source.
Price Direction
BullishEnhanced integration and backing from a major exchange like coinbase can significantly boost solana's visibility, accessibility, and utility, fostering positive investor sentiment and potential price appreciation.
Time Effect
LongWhile the news provides an immediate sentiment boost, the full effects of improved dex integration and increased user activity will materialize over time as the platform updates are rolled out and adopted by a wider user base.
Original Article:
Article Content:
Turner Wright 2 minutes ago Coinbase ’doubles down’ on Solana with latest DEX acquisition The crypto exchange purchased Vector for an undisclosed amount, the latest acquisition by Coinbase in 2025 after Deribit, Echo and others. Listen 0:00 24 News COINTELEGRAPH IN YOUR SOCIAL FEED US-based cryptocurrency exchange Coinbase said it will buy Vector, a decentralized platform built on Solana, in the company’s latest acquisition of 2025. In a Friday blog, Coinbase said the acquisition of Vector and its team was part of the company’s strategy to become an “everything exchange.” The crypto exchange did not disclose the amount it paid for Vector, but said the move would improve activity through “DEX trading integration.” “We’re excited to welcome the Vector team as we keep building toward one goal: making it easy for anyone, anywhere, to trade any crypto asset,” said Coinbase. Source: Coinbase Acquiring Vector followed multimillion- and billion-dollar deals by Coinbase in 2025. This year, the exchange announced the purchase of blockchain-based advertising platform Spindle, online browser Roam, Liquifi, crypto options trading platform Deribit and crowdfunding platform Echo. Related: Solana ETF Inflows Soar: When Will SOL Price Follow the Trend? Coinbase is awaiting a decision on its application for a National Trust Company Charter in the US, which requires approval from the Office of the Comptroller of the Currency. The move by the crypto exchange faces opposition from many banks , which claim that Coinbase would be challenging “untested” elements of crypto custody. Crypto companies going public in the US While Coinbase continues its buying spree, other US crypto companies may challenge the exchange’s market share through initial public offerings. In the previous two weeks, Grayscale Investments and Kraken announced filings related to their plans to go public on US markets. Coinbase was one of the earliest US crypto companies to do so, launching its IPO in 2021. Shares of Gemini, run by Cameron and Tyler Winklevoss, debuted on the Nasdaq in September, while cryptocurrency exchange operator and media company Bullish went public on the New York Stock Exchange in August. Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise: Hunter Horsley # Coinbase # Business # Cryptocurrency Exchange # Decentralized Exchange # Solana Add reaction