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Coinbase Launches Full Trading for Cluster Protocol's CP-USD Pair
Coinbase has officially launched full trading for the Cluster Protocol (CP) token, allowing users to trade the CP-USD pair on both Coinbase Exchange and Coinbase Advanced. This activation follows a phased rollout that began just days prior, which included the introduction of limit, market, and stop orders for traders.
The trading for CP commenced after Coinbase opened deposit address generation for the token on September 1, 2026. Following this, the exchange entered an auction mode on September 2, where traders could place limit orders while viewing an estimated opening price. This mechanism aimed to stabilize prices during the initial trading phase, which is often volatile for new listings.
At the time of the full trading activation, CP was valued at approximately $0.038, categorizing it within the micro-cap segment of the market. The addition of CP-USD to Coinbase provides a regulated trading option in the U.S. market, allowing for direct USD transactions without the need for stablecoins or other intermediary assets. Previously, CP was available on exchanges such as OKX, KuCoin, and Gate.io, with significant trading volumes reported.
Source: KLEA News