KEY TAKEAWAYS
- Kraken has listed Derive (DRV), enabling funding and trading of the token on its platform.
- DRV can be traded against USD and EUR on Kraken and Kraken Pro, with specific trading parameters set for precision and order size.
- Derive offers decentralized derivatives trading with AI-enabled features, enhancing risk management and speculation without traditional intermediaries.
Kraken has announced that Derive (DRV), the native token of the decentralized derivatives exchange Derive, is now available for funding and trading on its platform. The listing went live at 12:00 AM UTC on January 15, 2025. Users can add DRV to their Kraken accounts by navigating to the Funding section, selecting the asset, and clicking ‘Deposit’.
It is important for users to ensure that their deposits are made using networks supported by Kraken, as deposits made through unsupported networks may result in loss of funds.
Trading Parameters and Availability
The DRV token is tradeable on both Kraken and Kraken Pro platforms. It can be traded against USD and EUR with a price decimal precision of 0.0001. The minimum order size and deposit for DRV are set at 25 units. However, trading via the Kraken App and Instant Buy will become available only once liquidity conditions are met, ensuring efficient order matching.
It should be noted that DRV is not available for trading in Germany (DE).
About Derive (DRV)
Derive is a decentralized derivatives exchange that offers access to options, perpetual futures, and AI-enabled trading features. These tools allow users to hedge risks and speculate on various crypto assets without relying on traditional intermediaries. The DRV token plays a crucial role in the Derive ecosystem, being used for governance, collateralization, and incentivizing participation.
For more details, the official announcement can be found here.
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