Coinbase (COIN), the largest cryptocurrency exchange in the United States, is reinforcing its aggressive expansion strategy with the recent announcement of its acquisition of Vector.fun, a Solana-based trading platform.
Max Branzburg, Coinbase’s Vice President of Product Management, confirmed that the deal is anticipated to close by the end of the year. However, Branzburg did not disclose the specific financial details surrounding this significant acquisition.
Coinbase’s Ninth Acquisition of 2025
Vector.fun operates as a decentralized exchange (DEX) on the Solana blockchain, primarily targeting users interested in trading memecoins. The platform is popular for its unique features that allow users to track and mimic the investment strategies of other traders.
As part of its acquisition plans, Coinbase intends to discontinue Vector.fun’s mobile and desktop trading applications but will absorb its 13-member team.
By integrating Vector.fun’s innovative technology, Coinbase aims to broaden the array of assets available for trading on its own platform, venturing deeper into the realm of decentralized exchanges. This move signifies a departure from its traditional centralized trading operations, where transactions primarily occur on platforms constructed atop Coinbase’s proprietary Base blockchain.
Branzburg emphasized the company’s vision for the Coinbase app to evolve into an ‘agnostic platform,’ facilitating trades across all asset classes, aligning with the goal of becoming the ‘everything exchange.’
The acquisition of Vector.fun marks Coinbase’s ninth purchase this year, highlighting a remarkable increase in its acquisition pace, especially compared to the merely three acquisitions made throughout the previous year.
Record-Breaking M&A Activity
Coinbase is not sparing any expenses in its acquisition endeavors. In May, the exchange announced its agreement to acquire the crypto derivatives exchange Deribit for a staggering $2.9 billion and earmarked $375 million for the initial coin offering platform Echo in October. Moreover, Coinbase had earlier weighed the acquisition of stablecoin provider BVNK for approximately $2 billion, though this deal was mutually set aside last week.
A Coinbase representative reiterated the firm’s commitment to its mission of broadening its product suite, emphasizing that collaborations become enticing when companies achieve a certain maturity and technological readiness.
While Coinbase leads the charge, it is not alone in this acquisition frenzy; the third quarter of 2025 alone documented 96 Merger and Acquisition (M&A) transactions within the crypto industry, totaling over $10 billion.
In its latest earnings report, Coinbase surpassed analysts’ expectations with transaction revenue climbing to $1.05 billion, a significant leap from the $572.5 million reported during the same timeframe last year. Furthermore, the company has also launched a new platform named PRESALE, designed to allow retail investors to purchase digital tokens prior to their official listing.
As of now, Coinbase’s stock—trading under the ticker COIN on the Nasdaq—is hovering slightly above the $241 mark, reflecting a 3% recovery over the past 24 hours.
With an ambitious roadmap ahead, Coinbase appears to be firmly positioning itself at the forefront of the evolving cryptocurrency landscape.
