South Korea-based cryptocurrency exchange Bithumb has listed CP, the native token of Cluster Protocol. According to the exchange’s announcement, CP trading began today at 09:30.
The listing is significant in terms of increasing accessibility for the CP token to investors in South Korea, as well as trading volume and liquidity. Bithumb users can now trade CP through the platform following the listing.
Upbit, one of South Korea’s leading cryptocurrency exchanges, has also started offering trading support for Cluster Protocol (CP). The exchange launched CP trading with KRW, $BTC, and $USDT trading pairs today at 08:30.
Upbit’s offering of three different trading pairs expands access to the CP token for different investor groups. The KRW pair allows direct trading via the South Korean won, while the $BTC and $USDT pairs facilitate access to the token for cryptocurrency investors.
The simultaneous listing of CP on Bithumb and Upbit is a noteworthy development in terms of the token’s visibility and liquidity in the South Korean market. CP’s trading volume and price performance will be closely monitored in the coming period.
*This is not investment advice.