Deutsche Börse to Delist Coinbase Over Missing Reference Data
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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.

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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.

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