Coinbase has built-in the Jupiter change immediately into its on-chain stack, enabling buying and selling of Solana-based belongings on its platform. Underneath the brand new integration, customers will have the ability to deploy their present Coinbase balances and cost strategies to commerce Solana tokens from their self-custodial wallets.
In accordance with Kobeisi's letter, Coinbase is now leveraging Jupiter's on-chain expertise to offer instantaneous entry to Solana-native belongings quite than the time-consuming guide technique of itemizing tokens on a central order ebook. Jupiter acts because the execution engine, aggregating liquidity throughout Solana DEX, settling trades on-chain, and optimizing commerce routes.
Coinbase, alternatively, offers distribution, on- and off-ramps, UX, and offers customers entry to extra Solana tokens than can be found via a centralized checklist. The collaboration between Coinbase and Jupiter will considerably increase the attain of Solana-based tokens into the retail market. Fairly than competing with Solana DeFi primitives, Coinbase embeds them.
Jupiter president says there are not any extra issues within the integration
BREAKING: Coinbase ($COIN) introduced that it has built-in Jupiter Alternate immediately into its on-chain buying and selling stack.
Which means hundreds of thousands of Solana-based tokens will be traded on Coinbase for the primary time ever via Jupiter.
Fairly than a sluggish guide course of… pic.twitter.com/SX8dJNt2Qi
— Kobeissi Letter (@KobeissiLetter) January 28, 2026
Mr. Xiao Xiao Zu, president of Jupiter Company, lately mentioned, claimed This integration will give hundreds of thousands of Coinbase customers direct entry to the complete scope of the Solana community on-chain with out additional complicating the consumer expertise. Coinbase customers can leverage Jupiter's value discovery, deep liquidity, and routing engine to carry out behind-the-scenes Solana-native token trades throughout the community.
Zhu additionally mentioned that the partnership with Jupiter additional validates Coinbase's infrastructure and skill to serve hundreds of thousands of customers on-chain and at scale. He mentioned the choice follows the corporate's integration of its buying and selling API with Uniswap Labs and Robinhood. Jupiter additional added that he believes his firm's expertise is the gateway to the subsequent period of adoption, and this partnership is proof that on-chain finance is able to assist mass market demand.
Nonetheless, Blockworks Analysis additionally notes that the Coinbase-Jupiter merger is much less of a single partnership and extra in regards to the main exchanges leveraging DeFi infrastructure to increase market entry to Solana's buying and selling stack. Jupiter generates almost $4 million in month-to-month income from its “Extremely” aggregator product, and this integration presents a chance to additional monetize that.
In accordance with Blockworks Analysis, the logic behind Coinbase and Jupiter's integration is that on-chain buying and selling eliminates the lengthy lead occasions related to CEX listings. This creates a market round present liquidity, increasing each Coinbase and Jupiter by growing potential income and buying and selling quantity. Jupiter is already Solana's spot buying and selling hub, with month-to-month spot buying and selling quantity of about $50 billion. In the meantime, Coinbase's common month-to-month spot buying and selling quantity is round $80 billion to $100 billion.
Coinbase completes 6 M&A transactions in 2025
media protection present Coinbase accomplished six M&A transactions in 2025, together with the $2.9 billion acquisition of Derbit. Kraken additionally accomplished 5 mergers, buying Small Alternate for $100 million and NinjaTrader for $1.5 billion. In the meantime, Ripple accomplished 4 acquisitions, together with the acquisition of Hidden Highway for $1.25 billion.
Crypto-related M&A quantity reached roughly $10.7 billion in November final 12 months, primarily attributable to Naver's $10.3 billion acquisition of Dunamu. November's surge follows a powerful third quarter of 2025, doubling the earlier file of $5 billion and a 30x improve in comparison with the identical interval in 2024.
Then again, the whole quantity of M&A transactions excluding the acquisition of Dunamu was roughly $8.6 billion in 133 offers by November 2025. M&A worth jumped from $470,000 within the first quarter of 2021 to roughly $4.2 billion within the fourth quarter of 2025, a rise of virtually 9,000 occasions. The momentum continued till December, when Paribu acquired CoinMENA for $240 million, in keeping with experiences late final 12 months.
