CoinUp said its CoinUp Alpha (CPA) initial exchange offering concluded with more than 8,300,000 USDT in subscriptions from over 2,200 participants. The exchange had scheduled subscriptions from 12:00 on June 19 to 14:00 on June 20, token distribution from 16:00 to 18:00 on June 20, and listing of the CPA/CPX trading pair at 20:00 (UTC+8) on June 20. According to CoinUp data, CPA opened trading at 0.15 USDT and reached 0.48 USDT one hour later, a 220% increase. CoinUp describes CPA as an ecosystem token intended to support applications across DeFi, AI and GameFi.