Coinbase states that Derive (DRV) is now available on Coinbase.com and the Coinbase app after a DRV-USD opening auction, expanding trading and transfer access while liquidity conditions continue to guide market rollout.
Coinbase announced that Derive (DRV) is now live on Coinbase.com and in the Coinbase app, allowing customers to buy, sell, convert, send, receive, and store the token. Before full trading began, DRV-USD spot trading entered an auction phase lasting at least 10 minutes, during which users could place limit orders and monitor the indicative opening price. Coinbase had previously said spot trading for DRV and MetaDAO would begin from May 27 in supported regions, subject to sufficient liquidity. The listing expands access to DRV on a major exchange and may improve the token’s visibility and liquidity.