CoinUp announced the upgrade of its platform token CP to the ecological token CPX, which will officially launch on June 9

The cryptocurrency trading platform CoinUp announced the upgrade of its native platform token CP to a new ecological core token CPX. The new token CPX will officially launch on June 9, 2026, at 20:00 Beijing time.

It is reported that this upgrade aims to expand the application scenarios of the token from a single exchange to the entire ecological business. After the upgrade, CPX will be deeply integrated with CoinUp's Alpha ecosystem, prediction markets, AI token market infrastructure, and U card payment system, and will introduce a buyback and burn mechanism based on the platform's overall business revenue.

Regarding asset exchange arrangements, CoinUp will establish a self-decision window period from June 5, 12:00 to June 7, 20:00 Beijing time, during which the CP trading market will only support selling functions and initiate price floor protection. After the window period ends, any untraded CP will be automatically exchanged for CPX at a ratio of 1:1.2. The exchanged CPX will enter a locked account and will be released in a phased linear manner, unlocking 3% each week for the first 16 weeks, and 5% each week starting from the 17th week until completion.