During Friday’s market session, shares of Coinbase’s (COIN), a crypto-exchange announced that they would be acquiring Solana’s Vector. Vector is a Solana-based on-chain platform for trading. In an official Coinbase press release, Vector’s tech will be integrated in the consumer trading platform to allow users to have broader access on-chain.
“We’re bringing on the Solana-native team and technology behind Vector, an on-chain trading platform that gives traders access to one of the most active, high-velocity trading ecosystems in crypto,” Coinbase published a post on its blog this week. “According to Messari research, Solana’s decentralized exchange (DEX) volume for 2025 has already exceeded $1 trillion. This acquisition will help make Coinbase the best place to trade by broadening asset availability and improving the experience of trading assets through our DEX trading integration in Coinbase.”
Coinbase stock has fallen by 13% over the past seven days, with a downgrade in Wall Street’s forecast. Hans Engel of Erste Group downgraded the stock from Buy to Hold, citing concerns about its Bitcoin ETFs. Wall Street analysts give COIN stock an average Moderate Buy rating based upon 15 Buys in the last 3 months, 6 Holds and 1 Sell. Additionally, the average Coinbase share price of $400.63 implies a potential 67.89% increase.
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Coinbase’s stock price has also fallen over 12% in the past week. Investors are hopeful that the crypto-stock market will improve soon after the US shutdown is over. It has been almost a whole month since top assets have traded in the negative. COIN was trading at the time of press near its lowest point in its 52-week range, and well below its simple 200-day moving average.
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Source: watcher.guru
