Coinbase (COIN), the largest cryptocurrency exchange in the US, is maintaining an aggressive acquisition strategy, recently committing to acquire the Solana-based trading platform Vector.fun.
As part of the acquisition process, Coinbase plans to shut down Vector.fun’s mobile and desktop trading applications while absorbing its team of 13 employees.
By integrating Vector.fun’s technology, the firm reportedly aims to enhance the range of assets available for trading on its own app through decentralized exchanges.
Branzburg emphasized that the goal of the Coinbase app is to become an “agnostic platform” that facilitates trading across all asset classes, aligning with the company’s vision to become the “everything exchange.
The acquisition of Vector.fun marks the crypto exchange’s ninth purchase in 2025, a significant uptick compared to the previous year, during which the company made just three acquisitions.
Although Coinbase explored acquiring stablecoin company BVNK for approximately $2 billion, that potential deal was mutually shelved last week.
However, Coinbase isn’t alone in its acquisition pursuits; the third quarter of 2025 recorded 96 Merger and Acquisitions (M&A) transactions in the crypto industry, totaling over $10 billion.
In its latest earnings report, the exchange surpassed analysts’ expectations, reporting transaction revenue of $1.05 billion—an impressive increase from the $572.5 million achieved during the same period last year.
At the time of writing, the exchange’s stock, trading under the ticker name COIN on the Nasdaq, trades slightly above the $241 line, representing a 3% recovery in the past 24 hours.
Featured image from Shutterstock, chart from TradingView.com
