Coinbase Acquires Solana DEX Vector as It Expands Into ‘Everything Exchange’ Vision

Coinbase announced yesterday, November 21, that it is acquiring Vector, a Solana-native on-chain trading platform. The investor community welcomed the news with shares of Coinbase Global, Inc. (NASDAQ: COIN) registering gains. 

Coinbase Acquires Vector 

The Coinbase is acquiring Vector, an on-chain decentralized trading platform built on Solana that provides access to Solana’s fast, high-volume trading environment and has a robust infrastructure that can identify new assets the moment they’re created on-chain or launched via major launchpads. The press report further noted that the acquisition would help to make Coinbase the best place to trade by broadening asset availability and improving the trading experience. 

The move is part of the exchange’s effort to materialize its vision to build ‘the everything exchange’ or to put it simply, a one-stop shop for trading everything on-chain. Meanwhile, the Vector announced the deal on X by stating, “We’re excited to share that we’ll be joining Coinbase. We built Vector with one mission: to create the best on-chain trading platform. We launched at the end of 2024, and the app took off. Now, with the reach of Coinbase, we’re taking that mission to a global scale — 100x bigger.” 

The trading platform further notified its users that it was being acquired by Coinbase and would shut down as of November 26, 2025. The users were advised to close all positions, transfer out their assets, and export their private keys from the platform. 

Amid the news of the new acquisition, the Coinbase shares rose to $240.41 at the close (+0.94%) and extended gains to $243.00 after hours (+1.08%). The optimism around the company’s latest acquisition supported investor sentiment.

The Price Targets for Coinbase Go Up Amid Strong Q3 Numbers

Coinbase has previously reported a Q3 total revenue of $1.8 billion, which is up by 25% from the previous quarter. The strong numbers, including a 355 million stable coin revenue (+7%, Q/Q), helped to create a bullish sentiment on Wall Street. The Bernstein maintains a $510 price for Coinbase, reflecting the building momentum.

It’s worth noting that Coinbase is faring well, while the crypto market has witnessed another wave of liquidations. Despite the cryptocurrency market tumbling in the past week, the market is showing signs of recovery. The market cap rose to 2.89 trillion, a slight increase in the past 24 hours. 

The increased odds of the December Fed rate cuts and ecosystem developments are anticipated to add stimulus to the market in the near term. Moreover, the growing strategic acquisitions and bullish momentum around major crypto players, such as Coinbase, are showing that the industry is poised for greater institutional acceptance.