Derive DRV token rises 30% after Upbit, Bithumb listings

The DRV token of the decentralized finance protocol Derive experienced a significant price surge and gained major new market access on July 14, 2026, following its listing on South Korea's two largest cryptocurrency exchanges, Upbit and Bithumb. The dual listing provided the token with immediate exposure to one of the world's most active retail crypto markets.

Trading on Upbit commenced at 5:00 p.m. Korea Standard Time, with the exchange offering three trading pairs: DRV against the Korean won, Bitcoin, and Tether. Bithumb, the other major domestic exchange, also activated trading for DRV against the Korean won on the same day. The simultaneous listings gave South Korean investors direct access to the token through familiar, regulated platforms, a move that typically concentrates significant trading volume.

The market reaction was swift. Following the announcement, the price of DRV jumped approximately 30 percent, rising from around $0.12 toward $0.18 before settling near $0.15. The surge increased the token's market capitalization, with reports indicating it reached between $116 million and $151 million. Daily trading volume surpassed $10 million. Upbit implemented initial...