Coinbase Acquires Vector, Integrates Social Trading App into DEX for Solana AssetsCoinbase, a leading American cryptocurrency exchange, has announced its acquisition of Vector, a social trading application for meme coins. This move aims to integrate Vectors technology into Coinbases decentralized exchange (DEX) trading systems, providing users with wider access to on-chain markets and enhancing the trading experience for Solana blockchain assets.Vectors team and technology will help Coinbase achieve fast trading for new assets on Solana, with plans to expand beyond that. The Tensor NFT marketplace and its TNSR token will remain separate from Coinbase, with the Tensor Foundation taking ownership of the existing marketplace.The TNSR token has seen a significant increase of over three hundred percent in the past week, despite the broader crypto markets sell-off. All unvested TNSR tokens belonging to Tensor Labs and its founders, about twenty-two percent of the total supply, will be permanently removed from circulation due to this deal.Vector app users must transfer their assets by November twenty-sixth, as the mobile and desktop applications will be shut down. Users who miss this deadline will still have four years to export their private keys to a new wallet. This acquisition is Coinbases ninth deal this year, following their purchase of crypto fundraising platform Echo for three hundred seventy-five million dollars in October.

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.