META-USD & DRV-USD Markets Open

Incident Report for Coinbase Exchange

Update

Our META-USD trading pair will now enter limit-only mode on Coinbase Exchange and Coinbase Advanced. Limit orders can be placed and canceled, and matches may occur. Market orders cannot be submitted.
Posted May 28, 2026 - 13:58 PDT

Update

Our META-USD trading pair will now enter auction mode. Customers can post limit orders and view the resulting indicative open price. The books will be in auction mode for a minimum of 10 minutes during which no matches will occur.

Upon completion of the auction, crossed orders will be matched at the opening price.
Posted May 28, 2026 - 13:39 PDT

Update

Our DRV-USD trading pair will now enter limit-only mode on Coinbase Exchange and Coinbase Advanced. Limit orders can be placed and canceled, and matches may occur. Market orders cannot be submitted.
Posted May 28, 2026 - 09:15 PDT

Update

Our DRV-USD trading pair will now enter auction mode. Customers can post limit orders and view the resulting indicative open price. The books will be in auction mode for a minimum of 10 minutes during which no matches will occur. Upon completion of the auction, crossed orders will be matched at the opening price.
Posted May 28, 2026 - 08:58 PDT

Monitoring

Spot trading for MetaDAO (META) and Derive (DRV) will go live on 27 May 2026. The opening of our META-USD and DRV-USD trading pairs will begin on or after 9AM PT, if liquidity conditions are met, in regions where trading is supported. The Solana network (SPL token) contract address for MetaDAO (META) is METAwkXcqyXKy1AtsSgJ8JiUHwGCafnZL38n3vYmeta. Do not send this asset over other networks or your funds may be lost. The Base network contract address for Derive (DRV) is 0x9d0E8f5b25384C7310CB8C6aE32C8fbeb645d083. Do not send this asset over other networks or your funds may be lost.
Posted May 26, 2026 - 08:55 PDT
This incident affects: Asset / Book Listings.