Catenaa, November 24, 2025- Coinbase said it will acquire Vector.fun, a Solana based trading platform built by Tensor Labs, in a deal set to close by year end.
The company said the purchase will support its push to expand onchain trading and strengthen its plan to grow into an all-purpose exchange.
Vector.fun offers tools for trading memecoins and tracking activity of other traders.
Coinbase said the platform’s Solana focused systems will help widen the range of assets available on its DEX integration.
The platform launched last year as a rival to Pump.fun. Its mobile and desktop apps will shut down after the deal.
Tensor Labs will shift its NFT marketplace and the TNSR token to the Tensor Foundation.
The governance group will oversee the marketplace and the token without links to Coinbase. The foundation said marketplace fees will now move fully to its treasury.
It also confirmed that part of the founder and Labs token supply will be burned. The founders will extend the lock on their vested tokens for three more years.
Tensor Labs leaders and several Vector.fun staff members will join Coinbase. The exact number of departing employees was not released.
The TNSR token surged in the week before the announcement. Tensor leaders said they did not know the cause of that move.
Coinbase has been active this year with acquisitions tied to token management, derivatives, advertising tools and other onchain projects. The company said the latest deal builds on that strategy.
