CPOOL, the native token of the Clearpool protocol, soared to a two-month high after securing dual listings from Bithumb and Upbit.
Trading began at 16:30 KST on both exchanges, with Upbit accounting for the majority of the altcoin volume.
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Upbit and Bithumb listing causes CPOOL price to rise
Clearpool is a decentralized protocol that connects institutional investors to unsecured loans. The CPOOL token strengthens the protocol’s governance, staking, and rewards for liquidity providers, placing it at the forefront of on-chain capital markets.
On October 22nd, major Korean exchanges Bithumb and Upbit both announced support for CPOOL trading. On Bithumb, tokens are listed against the Korean Won (KRW).
The exchange has set the standard price at 143.226 won. It also revealed that CPOOL’s commission-free trading period will be from October 22nd to October 24th 17:00 KST.
Upbit, on the other hand, offers three trading pairs: KRW, Bitcoin (BTC), and Tether (USDT). As per the guidelines, the exchange will only allow limit orders during the first two hours of trading.
“The contract address for CPOOL supported by Upbit is 0x66761fa41377003622aee3c7675fc7b5c1c2fac5. Please check the contract address when depositing or withdrawing CPOOL,” the notice reads.
In particular, Upbit’s listing notification caused a spike in CPOOL’s price. The altcoin’s value rose over 91% from $0.104 to $0.199, levels last seen in late August. However, some modifications followed.
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Bithumb’s subsequent announcement led to a more gradual rise. Once again, the rise was short-lived. The price has reversed most of its gains, trading at $0.131 at press time, up nearly 30% since the initial announcement.
In addition to prices, trading activity also increased. According to CoinGecko data, CPOOL’s daily trading volume increased by 1,435.90% to reach $69 million. Upbit accounted for nearly 26% of this.
CPOOL buyback program boosts market confidence
While currency-driven gains may be temporary, the protocol is taking steps that could support long-term growth. Earlier this week, Clearpool resumed its official buyback program to purchase CPOOL directly from the open market.
Such buybacks often demonstrate management’s confidence in a project’s fundamentals and can help stabilize prices during volatile times.
“The program leverages revenues generated in recent quarters across the Clearpool ecosystem, including Dynamic Pools, Clearpool Prime, Credit Vaults, and USDX T-Pool,” the protocol states.
With increased exposure and rising scarcity, CPOOL appears well-positioned to solidify its role in the on-chain credit market. Sustaining momentum will depend on whether current trading interest and protocol activity evolves into durable organic growth for the token.
