Coinbase De-Listed From German Exchange Over Missing Reference Code

Trading of Coinbase shares on Germany’s largest exchange is expected to come to a halt on Friday, because the crypto exchange is missing a mandatory legal identifier.

On Wednesday, Deutsche Boerse AG said it will de-list Coinbase shares from the Frankfurt Stock Exchange and the Xetra trading system by the end of day Friday. “The reason for the de-listing is a missing reference data for these shares,” Boerse said, noting that the freeze would remain in place until further notice.

Coinbase listed its shares on both the Frankfurt Stock Exchange and Xetra at the same time of its US initial public offering, and provided the necessary Legal Entity Identifier. However, the code ended up not being associated to the stock, and as a result, Coinbase shares will no longer be traded on the exchanges effective April 23. “The only way to get Coinbase back into trading is for the issuer to apply for an LEI,” a Deutsche Boerse spokesperson explained.

Following the news, Coinbase shares slumped by nearly 6% in Wednesday’s early trading session. The US cryptocurrency exchange made its debut on the Nasdaq last week via a direct listing, marking a significant breakthrough for major cryptocurrencies including bitcoin and ethereum.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Alabama, 9 US States Give Coinbase 28 Days To Prove Why They Shouldn’t Be Shut Down

Cryptocurrency giant Coinbase Global (NASDAQ: COIN) and its parent company find themselves in hot water...

Wednesday, June 7, 2023, 11:19:00 AM

Coinbase Cuts 18% Full-Time Jobs Ahead of Potential Recession

Coinbase is letting go nearly one-fifth of its workforce, as its stock price continues to...

Tuesday, June 14, 2022, 01:33:27 PM

Coinbase Q3 2023 Financials: “Strong Quarter” Is Weakest Volume Traded In Three Years

Coinbase Global (NASDAQ: COIN) released its Q3 2023 financials, headlined by a quarterly total revenue...

Friday, November 3, 2023, 08:51:10 AM

Coinbase Hits $100B Market Cap Before Slipping Below Opening Price

Coinbase surpassed its reference price of $250 per share, and skyrocketed to a $112 billion...

Thursday, April 15, 2021, 09:31:00 AM

Coinbase Falls After Hours Following Half-Billion Q4 Loss

Yesterday after the close of markets, Coinbase Global, Inc. (NASDAQ: COIN) reported abysmal 4Q 2022...

Wednesday, February 22, 2023, 06:19:00 AM