US-based cryptocurrency exchange Coinbase announced the acquisition of Vector, a Solana-based decentralized platform, to enhance DEX trading integration and support for the Solana ecosystem. The exact amount paid for Vector was not disclosed, but this move aligns with Coinbase’s goal of becoming an “everything exchange.”

Coinbase has been on an acquisition spree in 2025, with deals including Spindle, Roam, Liquifi, Deribit, and Echo. The exchange is also waiting for approval on its application for a National Trust Company Charter in the US, which faces opposition from banks due to concerns about untested elements of crypto custody.

As Coinbase expands through acquisitions, other US crypto companies like Grayscale Investments and Kraken are preparing for initial public offerings to challenge Coinbase’s market share. Gemini, run by the Winklevoss twins, recently debuted on the Nasdaq, while Bullish went public on the NYSE in August.

Read more at Cointelegraph: Coinbase ’Doubles Down’ on Solana with Latest DEX Acquisition