Coinbase, the US-based cryptocurrency trading platform, has announced its acquisition of Vector, a decentralized exchange powered by Solana, as part of its extensive growth strategy for 2025. The company detailed this acquisition in a recent blog post, highlighting its ambition to transform into an “everything exchange”. Although Coinbase did not disclose the financial details of the purchase, it emphasized that this acquisition will enhance its decentralized exchange (DEX) trading capabilities.

“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.

The acquisition of Vector is a continuation of Coinbase’s aggressive expansion, which has seen high-value deals this year, including the purchases of platforms such as Deribit and Echo.

Coinbase is currently awaiting a decision regarding its application for a National Trust Company Charter in the United States, which raises concerns from various banking institutions regarding the implications of crypto custody.

Competition in the Market

Meanwhile, as Coinbase embraces its growth initiatives, other cryptocurrency firms in the U.S. are also looking to increase their presence in the market through initial public offerings (IPOs). Recent announcements from firms like Grayscale Investments and Kraken indicate their ambitions to go public.

In September, Gemini, operated by the Winklevoss twins, debuted on Nasdaq, while Bullish also launched on the New York Stock Exchange earlier this year.