Shares of Coinbase Global will be delisted by Deutsche Boerse from the Xetra trading system and the Frankfurt stock exchange, Reuters reported.
- Deutsche Boerse said the delisting will take effect by the end of Friday’s trading session, and will apply until further notice.
- The reason for the delisting is a missing reference data for shares, as a wrong reference LEI code was used by mistake when shares started trading at Deutsche Boerse’s platforms.
- The only way for Coinbase to resume trading is to apply for an LEI, as this individual reference code is needed for identification and mandated for trading.
- Coinbase, which made its Nasdaq debut last week, has yet to respond for comment on the matter. Its market capitalization stood at $63.9 billion as of Tuesday.