Coinbase (COIN) stock rose during Friday’s trading session after the cryptocurrency exchange announced plans to acquire Solana’s Vector. Vector is an on-chain trading platform built on Solana. According to Coinbase’s official statement, Vector’s technology will be integrated into the consumer trading experience, giving users broad access to on-chain markets.
“We are bringing in a team and technology from Solana. vectoran on-chain trading platform that gives traders access to one of the most active and fastest trading ecosystems in cryptocurrency,” Coinbase wrote in a blog post this week. Messerli’s researchSolana’s decentralized exchange (DEX) trading volume in 2025 has already exceeded $1 trillion. This acquisition will help make Coinbase the best place to trade by expanding asset availability and improving the asset trading experience through DEX trading integration on Coinbase. ”
Coinbase stock (COIN) has fallen over 13% over the past week and even received a predicted downgrade on Wall Street. Hans Engel of Erste Group downgraded COIN from “buy” to “hold” citing pressure from low-cost Bitcoin ETFs that could hurt profitability. Wall Street analysts have given the COIN stock a Moderate Buy consensus rating, based on 15 buys, 6 holds, and 1 sell assignments over the past three months. Additionally, Coinbase’s average price target of $400.63 per share implies an upside potential of 67.89%.
While Coinbase stock has fallen sharply this week, Solana (SOL) price has also fallen over 12% this week. With the U.S. government shutdown finally over, investors are hoping that crypto and stock markets will soon improve after major assets traded in the red for about a month. At the time of writing, COIN is trading near the bottom of its 52-week range and below its 200-day simple moving average.
