Upbit lists Derive (DRV) with KRW, BTC and USDT trading pairs

Upbit will add Derive’s DRV token to its Korean won, Bitcoin and Tether markets on July 14. Summary Upbit adds DRV trading against KRW, BTC and USDT, expanding Derive’s access across South Korea. Derive migrated LYRA holders into DRV and now operates an onchain options and perpetuals exchange. DRV’s total supply now stands at 1.5 billion after a previously proposed strategic token mint. Trading is scheduled to open at 17:00 Korea Standard Time, giving the onchain derivatives protocol access to South Korean traders. The details appear in Upbit’s official DRV listing notice. The exchange said deposits and withdrawals will use the Ethereum network. Upbit also applies temporary limits on buy orders, low-priced sell orders and certain order types after new listings. These controls are designed to manage sharp price moves during the opening period. You might also like: Cumberland secures Singapore MPI licence for crypto payment services DRV enters South Korea through three Upbit markets The KRW pair gives local users a fiat market for DRV. The BTC and USDT pairs add two crypto-based routes for traders who already hold digital assets on the platform. Together, the markets broaden DRV access beyond its listings on international exchanges. Upbit to List Derive’s DRV as Former Lyra Token Enters Korean Market Upbit, South Korea’s largest crypto exchange, will list Derive (DRV) with KRW, BTC and USDT trading pairs, with trading scheduled to begin at 17:00 Korea time on July 14. Derive, formerly known as the onchain… pic.twitter.com/2gXmqyZf4b — Wu Blockchain (@WuBlockchain) July 14, 2026 Bithumb also added DRV to its Korean won market on July 14, giving the token listings on two major South Korean platforms on the same day. The combined rollout increases local access, although trading volume and prices can change quickly after new markets open. Derive grew from the former Lyra protocol Derive previously operated as Lyra Finance, an onchain options protocol launched within the Synthetix ecosystem. The project adopted the Derive name in 2024 and moved its governance and utility token from LYRA to DRV. Eligible balances converted at a 1:1 ratio after a May 2024 snapshot. DRV launched in January 2025. The protocol now combines options, perpetual futures and structured trading products through a self-custodial exchange. Derive runs an Ethereum rollup built with the OP Stack and uses a risk engine designed for portfolio margin and onchain settlement. DRV supports governance, staking and token buybacks DRV holders can stake the token to receive governance rights and delegate voting power. Derive also uses token incentives for trading and liquidity programs. Its token documentation states that 35% of protocol revenue funds DRV buybacks under the protocol’s current token funding model. The token’s total supply now stands at 1.5 billion DRV.