"Vector.fun is a decentralized exchange on the blockchain Solana. The product's users primarily trade memecoins and can follow other traders' bets and investments. As part of the acquisition, Coinbase will shut down Vector.fun's mobile and desktop trading apps, and hire the platform's 13 employees."
"Coinbase plans to use Vector.fun's technology to expand the assets its users can trade on its app through decentralized exchanges. (This feature is separate from Coinbase's core business of centralized trading.) Currently, the company only lets users trade tokens through exchanges built on top of Base, Coinbase's own blockchain. The crypto exchange hopes to expand access to Solana, said Branzburg."
""The Coinbase app is really meant to be an agnostic platform to enable people to trade all of the assets they want to trade," he added, referencing the company's efforts to become what it calls the "everything exchange.""
Coinbase agreed to acquire the Solana trading platform Vector.fun, with the deal expected to close by the end of the year. Vector.fun operates as a decentralized exchange on Solana where users primarily trade memecoins and can follow other traders' bets and investments. Coinbase will shut down Vector.fun's mobile and desktop trading apps and hire the platform's 13 employees. Coinbase plans to use Vector.fun's technology to expand the assets available through decentralized exchanges on its app, separate from its centralized trading business, and to broaden access to Solana. The acquisition is part of an aggressive 2025 M&A push that includes deals for Deribit and Echo and an explored BVNK acquisition that was called off.
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