Deutsche Börse will delist shares of Coinbase (COIN) from Xetra and the Frankfurt stock exchange by the end of Friday’s trading session, Reuters has learned.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The marketplace organizer says the reason for the delisting is a "missing reference data" for the shares. According to Deutsche Börse, Coinbase trading started with a wrong LEI code, which is used to identify legal entities on a global scale. It remains unknown whose mistake it was.
"The only way for Coinbase to resume trading is for the issuer to apply for an LEI," a spokesperson for Deutsche Börse said.
The US-based cryptocurrency exchange has not commented the delisting yet. NASDAQ, a major US stock exchange, started offering Coinbase Global options on April 20. The news came just a week after the cryptocurrency exchange began trading on the same exchange under the ticker COIN. The exchange's share price ranged from $429 to $310 during its first day of trading.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.