Major South Korean crypto exchanges Bithumb and Upbit announced new listings for three altcoins. Cluster Protocol (CP), Hemi (HEMI), and Useless (USELESS) saw increased price activity following the announcements.
Bithumb said it would open CP trading against the South Korean won. Upbit, meanwhile, will add BTC and USDT trading pairs for HEMI and USELESS. The exchange had also announced KRW, BTC, and USDT support for CP earlier in the day.
All three tokens moved onto traders’ radar after the listings were announced. CP, in particular, posted a double-digit gain in the first hours after the news.
Bithumb adds CP to its KRW market
According to Bithumb’s September 8 announcement, Cluster Protocol will be listed with the CP/KRW trading pair. Trading was scheduled to begin at 09:30 Türkiye time, while deposits are supported only through the Base network.
Bithumb set CP’s reference price at 26.92 won. Buy orders were restricted for the first five minutes after trading began, while only limit orders were allowed for roughly the first two hours.
Upbit also decided to add CP to its KRW, BTC, and USDT markets on the same day. This means the token received listing support from South Korea’s two largest crypto exchanges within a single day.
The listing announcements triggered a sharp move in CP’s price. Following the initial news, the token climbed to around $0.0265, gaining more than 20%.
However, CP failed to hold all of those gains. According to CoinMarketCap data, the token was trading at around $0.0195 at the time of writing, up roughly 5% over the past 24 hours. Daily trading volume also climbed above $100 million.
Cluster Protocol is being developed as a decentralized artificial intelligence infrastructure built on Base. The project brings access to hundreds of AI models, tokenized datasets, and GPU computing resources together within a single infrastructure.
The CP token is planned to be used for staking and, at a later stage, protocol governance.
Upbit to launch HEMI and USELESS trading
Upbit’s second listing announcement covered Hemi and Useless. The exchange said it would support BTC and USDT trading pairs for both tokens.
HEMI and USELESS trading was scheduled to begin on September 8 at 15:30 Türkiye time. Upbit did not announce KRW trading pairs for either token.
HEMI moved higher following the announcement. According to CoinMarketCap data, the token was trading at around $0.0092 at the time of writing, up 7.1% over the past 24 hours. HEMI’s daily trading volume stood at roughly $77 million.
Hemi is a modular Layer-2 network designed to improve interoperability between Bitcoin and Ethereum. The project aims to allow both blockchains to function as parts of a connected network rather than separate ecosystems.
Its Hemi Virtual Machine integrates a Bitcoin node into an Ethereum Virtual Machine environment. This allows developers to build EVM-based applications that can access Bitcoin data.
USELESS price reacts to listing news
USELESS was another token that drew attention during the day. Before Upbit’s announcement, Bithumb had also added the token to its KRW market.
USELESS trading on Bithumb began with a reference price of 309 won. The exchange said deposits and withdrawals are supported only through the Solana network.
USELESS was trading at around $0.2508 at the time of writing. The token was up 4.14% over the past 24 hours, while its seven-day gain exceeded 153%.
The price traded between $0.2177 and $0.2795 over the past 24 hours, showing that volatility increased significantly alongside the listing announcements.
USELESS is a community-driven meme coin built on Solana. The project stands out by openly embracing the absence of a clear technical utility and making that approach part of its brand identity.
The same-day listings from South Korean exchanges have put trading volumes for CP, HEMI, and USELESS under closer watch. Volatility may increase again once HEMI and USELESS trading begins on Upbit.
