Coinbase, a leading cryptocurrency exchange based in the US, has announced its acquisition of Vector, a decentralized platform integrated with Solana. This move adds to Coinbase’s series of strategic purchases in 2025, which have included significant acquisitions like Deribit and Echo.

In a recent blog post, Coinbase stated that the acquisition of Vector aims to bolster its efforts to become an “everything exchange.” Although the precise financial details were not disclosed, Coinbase emphasized that this investment would facilitate enhanced DEX trading integration.

“We’re excited to welcome the Vector team as we keep building toward one goal: making it easy for anyone, anywhere, to trade any crypto asset,” said Coinbase.

Following the acquisition of Vector, Coinbase continues to pursue a range of substantial deals this year, including the purchase of various platforms and technologies, thereby reinforcing its market presence.

Additionally, Coinbase is currently awaiting a decision regarding its application for a National Trust Company Charter in the US, which necessitates approval from the Office of the Comptroller of the Currency. This application faces challenges from traditional banking institutions that are concerned about untested aspects of crypto custody.

Other Crypto Companies Targeting IPOs

While Coinbase is reinforcing its market position through acquisitions, other cryptocurrency firms in the US, such as Grayscale Investments and Kraken, are also making news as they file for initial public offerings. Gemini, founded by Cameron and Tyler Winklevoss, recently made its public debut on Nasdaq, highlighting the competitive landscape in the crypto sector.

The momentum of Coinbase’s acquisitions, combined with ongoing IPO plans from other firms, continues to shape the future of the cryptocurrency market.