Coinbase to Acquire Onchain Trading Platform Vector

Cryptocurrency exchange Coinbase plans to acquire onchain trading platform Vector.

Because Vector’s platform is built on Solana, this acquisition will considerably expand Coinbase’s support for the Solana trading ecosystem. Coinbase announced the news in a blog post on Friday, November 21.

Vector’s technology won’t remain separate. It will be directly integrated into Coinbase’s consumer trading experience, improving what users see and how they interact with the platform.

“This acquisition will help make Coinbase the best place to trade by broadening asset availability and improving the experience of trading assets through our DEX trading integration in Coinbase,” said Max Branzburg, head of consumer and buisness products at Coinbase.

The deal isn’t final yet. It’s subject to standard closing conditions.Coinbase will share more details as they become available.