Coinbase aims to grow by acquiring Vector.

Coinbase Acquires Vector Platform

Coinbase (COIN) has made a significant move in the blockchain space by signing an agreement to acquire the trading platform Vector. This acquisition will enable the integration of the technological innovations provided by Vector, which is developed on the Solana (SOL) blockchain, into Coinbase’s trading infrastructure.

Expanded User Access

According to statements made, the integration of Vector’s technology will allow users to gain broader access to on-chain markets. Coinbase expects this acquisition to be completed by the end of the year. However, no information has been shared regarding the financial terms of the transaction.

Vision of Everything Exchange

Coinbase announced its vision of creating a global exchange where everything is traded on a single platform, accessible 24/7, by 2025. The acquisition agreement indicates Coinbase's increased focus on ecosystems where users frequently trade and experiment with new products.

Strategy Towards the Solana Ecosystem

With the integration of Vector's technology, Coinbase aims to achieve decentralized exchange (DEX) integration. This will provide faster transactions, higher liquidity, and greater access to assets within the Solana ecosystem. Coinbase aims to continue developing in this area to offer investors a competitive advantage.