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Deutsche Boerse to de-list Coinbase from Xetra, Frankfurt trade

Deutsche Boerse said on Wednesday it would delist the shares of cryptocurrency exchange Coinbase Global from its Xetra trading system and the Frankfurt stock exchange by the end of Friday’s trading session.“The reason for the delisting is a missing reference data for these shares,” Deutsche Boerse said, adding that the delisting would apply until further notice. When Coinbase trading started at Deutsche Boerse’s platforms, a wrong reference code so-called LEI code was used by mistake, Deutsche Boerse said. It was not clear whose mistake it was. The listing of the San Francisco-based firm is by far the biggest yet of a cryptocurrency company, with its market capitalisation briefly topping $100 billion on its first day of trading. As of Tuesday, its market capitalisation stood at $63.9 billion.

Source: Reuters

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