US-based cryptocurrency exchange Coinbase has announced its acquisition of Vector, a decentralized trading platform on the Solana blockchain, as part of its strategic growth in 2025.

In a statement posted on its blog, Coinbase revealed that the purchase of Vector and its team is integral to its vision of becoming an “everything exchange.” Although the financial details remain undisclosed, the exchange indicated that this acquisition will enhance trading activities by integrating decentralized exchange (DEX) functionalities.

“We’re thrilled to welcome the Vector team as we continue working towards our goal: making trading accessible to everyone, everywhere,” Coinbase stated.

Following this acquisition, Coinbase has pursued several high-value deals throughout the year, having previously acquired platforms such as Spindle, Roam, Deribit, and Echo.

Coinbase is also waiting for a decision on its application for a National Trust Company Charter, which requires consent from the Office of the Comptroller of the Currency amid opposition from several banks concerned about potential risks associated with crypto custody.

Crypto Companies Going Public in the US

While Coinbase pursues its acquisition strategy, numerous other US crypto firms are gearing up for initial public offerings, potentially impacting Coinbase’s market position. Grayscale Investments and Kraken recently shared updates regarding their plans to enter US public markets. Coinbase was among the pioneers in this movement, making its IPO debut in 2021.

Gemini, run by the Winklevoss twins, made its Nasdaq debut in September, and the crypto exchange candidate Bullish went public on the New York Stock Exchange in August.