Coinbase Acquires Solana Meme Coin Social Trading App Vector

Coinbase has announced its acquisition of the Solana-based meme coin trading application, Vector. This acquisition aims to enhance Coinbase's offerings in on-chain trading by integrating Vector’s technology into its decentralized exchange trading features. The team behind Vector, previously linked to the NFT marketplace Tensor, will be brought on board, while Tensor's marketplace and the TNSR token will be managed by the Tensor Foundation. Coinbase's Vice President of Product, Max Branzburg, emphasized the importance of providing optimal trading experiences within the Solana ecosystem and has expressed excitement about the new capabilities this acquisition will bring. Although Vector users have until November 26 to transfer their assets out of the app before it is sunsetted, the TNSR token has recently seen a price surge despite the broader market downturn, raising questions about trading activities preceding the acquisition announcement. Coinbase remains independent from Tensor and the TNSR token, which remains significantly down from its all-time highs.

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