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Coinbase Bolsters On-Chain Trading with Acquisition of Solana-Based Platform Vector 🚀
Coinbase has announced the acquisition of Vector, an on-chain trading platform built on Solana ($SOL). The move aims to enhance Coinbase's decentralized exchange (DEX) capabilities by integrating Vector's technology, which specializes in detecting and supporting new Solana assets.
The acquisition will see Vector's team joining Coinbase while its existing trading apps will be discontinued. The integration will provide Coinbase users with expanded access to Solana's ($SOL) ecosystem through improved DEX trading features.
Notably, the Tensor Foundation and its NFT marketplace remain independent and unaffiliated with Coinbase, clarifying that this acquisition specifically targets Vector's trading infrastructure rather than the broader Tensor ecosystem.
#Coinbase #Vector #Solana #SOL #Acquisition $SOL