We’re thrilled to announce that DRV is now available for funding and trading on Kraken!
Funding and trading
DRV funding and trading is live as of 12:00 AM UTC today, January 15, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’.
Make sure to deposit your tokens into networks supported by Kraken. Deposits made using other networks will be lost.
The new token is tradeable on Kraken and Kraken Pro with the following parameters:
| Asset | Pair | Price decimal precision | Minimum order size | Minimum deposit |
|---|---|---|---|---|
| DRV | USD, EUR | 0.0001 | 25 | 25 |
Note:
- Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).
- DRV is not available in DE.
Here’s some more information about these assets:
Derive (DRV) is the native token of Derive, a decentralized derivatives exchange. Derive provides access to options, perpetual futures and more recently AI-enabled trading features, enabling users to hedge risks and speculate on different types of crypto assets without relying on traditional intermediaries. The DRV token is used for governance, collateralization, and incentivizing participation in the Derive ecosystem.
Ready to trade but don’t have a Kraken account yet? Sign up today!
Will Kraken make more assets available?
Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on our Listings Roadmap and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. Some crypto products and markets are regulated and others are unregulated; regardless, Kraken may or may not be required to be registered or otherwise authorised to provide specific products and services in each market, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply. See Legal Disclosures for each jurisdiction here.
