A compliance platform's acquisition of Vector strengthens Solana's trading infrastructure, and the TNSR Token rose significantly before integration.

Source: Yellow Original Title: Coinbase buys Vector to boost the trading infrastructure of Solana as the TNSR token surges ahead of the integration switch.

Original Link: A compliance platform announced on Friday that it agreed to acquire Vector, a social trading application focused on the meme coin market, as the exchange deepens its on-chain trading capabilities and expands support for Solana ecosystem assets.

The company confirmed that Vector's technology will be incorporated into the integration of a decentralized exchange on a compliance platform on Friday, as part of a broader effort aimed at enhancing the speed, liquidity, and asset coverage of the Solana market.

The vice president of a compliance platform product stated that this acquisition aims to accelerate the exchange's goal of enabling fast trading for the newly issued Solana tokens.

He stated on social media that a certain compliant platform intends to “double” its Solana strategy by integrating the Vector team and its underlying infrastructure.

Vector was launched last year by the creators of Tensor, which is a Solana NFT marketplace.

Although a certain compliant platform will integrate Vector's engineering team and tools, the Tensor market itself will not become part of that exchange.

The ownership of Tensor will be transferred to the Tensor Foundation, which is responsible for overseeing the Solana-based TNSR token.

A certain compliant platform emphasizes that it will maintain independence from the market and tokens.

Nevertheless, TNSR gained attention earlier this week due to a significant price increase, which occurred before the acquisition announcement.

The token has increased by over 300% in the past seven days, despite the overall market decline, and is currently trading at around $0.19, still well below its peak of $2.28.

The price movement has raised questions among some traders about whether they anticipated this news.

As part of the transaction, all unallocated TNSR tokens, held by Tensor Labs and its founders, which account for approximately 22% of the total token supply, will be permanently destroyed.

The remaining grant allocation has been extended for three years.

Vector users have time to withdraw their assets from the application before November 26, after which the application will be retired on mobile and desktop platforms.

Any user who misses the deadline will retain access to their private keys for four years, allowing them to transfer funds to another wallet.

The Vector protocol marks the ninth acquisition of a compliant platform this year.

The exchange acquired the crypto financing platform Echo for $375 million in October, despite recently abandoning negotiations to acquire the stablecoin platform BVNK, which had a valuation of about $2 billion.