Derive (DRV) officially began trading on Upbit's Korean Won (KRW), Bitcoin (BTC), and Tether (USDT) markets starting at approximately 5:00 PM on the 14th. Along with this listing, deposits and withdrawals are supported through the Ethereum network.

As of 5:06 PM, shortly after trading began, Derive is trading at 234 KRW in the KRW market, down 2.09%. Looking at the pre-listing prices, as of 2:00 PM on the 14th, it stood at approximately 172.1 KRW in the KRW market, 0.00000184 BTC in the Bitcoin market, and 0.1156 USDT in the Tether market. Additionally, to foster a stable trading environment, certain order types such as market orders were restricted for approximately two hours after trading commenced, with only limit orders allowed.

Derive is a decentralized on-chain derivatives protocol that supports perpetual futures and spot trading centered around options. It is designed to enable a variety of investment and hedging strategies by offering not only options, perpetual futures, and spot trading within a single collateral system but also an RFQ (Request for Quote) feature. In particular, the project has adopted a multi-asset collateral structure to enhance capital efficiency, and the DRV token is utilized for protocol governance, staking, buybacks, and incentives.

The virtual asset market is showing keen interest in how much Derive's trading volume and liquidity will expand following its Upbit listing. However, given that newly listed assets tend to exhibit high initial price volatility, investors should consider the potential for increased volatility when making investment decisions.

[※ Investment decisions are the sole responsibility of the individual, and newly listed virtual assets may experience significant short-term price volatility, requiring a cautious approach.]