DRV token surges after Upbit and Bithumb listings

Upbit and Bithumb listed Derive (DRV) on July 14, causing its price to surge nearly 30%. The dual listing boosts DRV’s liquidity and reach in South Korea.

South Korean crypto exchanges Upbit and Bithumb both listed the Derive (DRV) token on July 14. Upbit supports KRW, BTC, and USDT trading pairs, while Bithumb offers DRV on its KRW market. Trading began at 17:00 KST on Upbit and at 20:00 local time on Bithumb. This dual listing has increased DRV’s liquidity and visibility in one of the world’s most active crypto markets. Following the announcements, DRV’s price surged nearly 30%, rising from $0.12 to approximately $0.18. DRV deposits and withdrawals are available exclusively via the Ethereum network. The token, formerly known as Lyra, migrated to DRV at a 1:1 ratio, with a total supply of 1.5 billion. Upbit temporarily restricted certain order types at launch to manage volatility. These simultaneous listings significantly expand DRV’s presence and accessibility for South Korean investors.