{"id":232578,"date":"2021-04-21T23:52:19","date_gmt":"2021-04-21T20:52:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/german-stock-exchanges-will-delist-coinbase-shares-citing-missing-reference-data\/"},"modified":"2021-04-21T23:52:19","modified_gmt":"2021-04-21T20:52:19","slug":"german-stock-exchanges-will-delist-coinbase-shares-citing-missing-reference-data","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/german-stock-exchanges-will-delist-coinbase-shares-citing-missing-reference-data\/","title":{"rendered":"# German stock exchanges will delist Coinbase shares, citing ‘missing reference data’"},"content":{"rendered":"

“# German stock exchanges will delist Coinbase shares, citing ‘missing reference data’ <\/strong>”
\n<\/p>\n

The Deutsche Boerse Group has said it will delist Coinbase’s stock listing on its Xetra digital stock exchange as well as the Frankfurt Stock Exchange.<\/p>\n

According to Reuters, Deutsche Boerse said<\/a> it would delist Coinbase Global from the two exchanges due to “missing reference data” for the shares. The group said someone involved in listing the Coinbase shares used an incorrect Legal Entity Identifier, or LEI, code. The code is a regulatory requirement for any companies participating in financial transactions.<\/p>\n

Unless Coinbase or Deutsche Boerse takes action, the stock will no longer be listed on Xetra or the Frankfurt Stock Exchange starting at the end of trading on Friday, April 23. The group added the measures would continue until further notice. <\/p>\n

\u201cThe only way for Coinbase to resume trading is for the issuer to app<\/a>ly for an LEI,\u201d said Deutsche Boerse.<\/p>\n

Coinbase made headlines last week as the company became the first major cryptocurrency exchange to make a direct listing on Nasdaq. In the run-up to the stock\u2019s debut, COIN\u2019s reference price was set at $250, with the price surging to roughly $430 after the shares began trading on April 14. At the time of publication, COIN\u2019s value is $314, having fallen<\/a> 2% in the last 24 hours. <\/p>\n

Deutsche Boerse\u2019s electronic trading platform has been responsible for listing several crypto exchange-traded products, or ETPs, in recent weeks. Last Wednesday, London-based ETC Group launched its physical Litecoin exchanged-traded crypto on Xetra, following the platform starting trading for ETC\u2019s Ether (ETH) exchange-traded commodity product and 21Shares\u2019 Ether and Bitcoin Cash (BCH) ETPs.<\/p>\n