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Coinbase will acquire Solana's Vector.fun trading platform

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Coinbase expands into the Solana ecosystem with the acquisition of the Vector.fun trading platform. The deal is expected to close after final conditions are met. Coinbase is only acquiring Vector, while the Tensor Foundation and the Tensor NFT marketplace remain independent. Vector’s technology will be integrated into Coinbase’s trading products, enabling users to access newly issued on-chain assets on Solana more quickly.

Vector peaked in early 2025 and is currently targeting $1.93 million in annual fees, while Solana’s trading volume has surpassed $1 trillion. Coinbase aims to become the hub for Solana asset trading through DEX integration.

The Tensor Foundation will acquire the entire Tensor marketplace, redirect 100% of fees to the TNSR treasury, burn 21.6% of the supply, and lock the team’s token allocation for an additional three years. TNSR surged 200% ahead of the announcement, hitting a three-month high and setting a record trading volume of $1.36 billion.

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