Coinbase Set Plans to Buy Solana Platform Vector.fun

Coinbase is taking one of its biggest steps yet toward expanding in the decentralized trading world. Earlier today, the company announced that it is in talks to buy Vector.fun, a fast-growing Solana-based platform. 

Coinbase Makes A Strong Push Into Decentralized Trading

The news was first reported by Fortune, after Coinbase executive Max Branzburg confirmed the deal. While the purchase price remains secret, the acquisition is expected to be completed before the year ends.

This deal marks one of Coinbase’s most ambitious efforts to enter the decentralized exchange space. Vector.fun has gained attention for its speed and easy design, which lets users trade tokens quickly and follow real-time bets made by others.

Coinbase plans to close Vector.fun’s standalone apps but will keep all 13 of its employees. The platform’s technology will be added directly into Coinbase’s newly launched app. This will give users a new way to trade Solana-based tokens without switching platforms.

Coinbase Aims to Be an “Everything Exchange”

Coinbase already provides some decentralized trading through Base, its own blockchain. However, those options have been limited. Adding Vector.fun gives the company a much stronger presence in this fast-growing part of the market. 

Branzburg explained that Coinbase wants to offer access to more assets to its users while keeping the experience smooth and familiar. The move supports Coinbase’s broader goal of becoming an “everything exchange.” It aims to give users access to both centralized services and decentralized liquidity in one location.

Coinbase’s Busy Year of Acquisitions

The acquisition of Vector.fun also shows how active Coinbase has become in mergers and acquisitions this year. If this latest acquisition plan goes through, it will be the company’s ninth purchase in 2025. 

This would make it one of the most aggressive periods in Coinbase’s history. Earlier this year, Coinbase considered buying stablecoin company BVNK for around $2 billion, though those talks later ended. 

Still, the firm did complete major deals. This includes a $2.9 billion purchase of the crypto derivatives exchange Deribit in May, and a $375 million acquisition of ICO platform Echo in October. These bold moves have been possible because Coinbase returned to strong profits in 2024 and 2025 after surviving tough years in the market. 

At the same time, the wider crypto industry is also experiencing a wave of consolidation. Ripple recently bought GTreasury for $1 billion, while Kraken acquired NinjaTrader for $1.5 billion in March. 

According to Architect Partners, more than $10 billion in crypto-related deals were recorded in the third quarter of 2025. Notably, this is the highest amount ever seen in a single quarter.