The Coinbase logo in Times Square in New York City.
Shannon Stapleton / Reuters
- Coinbase shares will remain listed on the Frankfurt Stock Exchange and in the Xetra trading system.
- The shares were delisted due to a reference code error.
- “Missing reference data” for Coinbase were available, said Xetra from Deutsche Börse.
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Coinbase shares will continue to be traded on two European trading venues operated by Deutsche Börse as a coding error with the cryptocurrency platform has been fixed.
The company’s shares were canceled by the Xetra trading system and the Frankfurt Stock Exchange by the end of Friday due to an incorrectly used individual 20-digit identification code (LEI).
“The missing reference data (LEI) are now available for #Coinbase and therefore the shares will not be delisted … but can continue to be traded on #Xetra and Börse Frankfurt,” said Xetra on Thursday on its Twitter page.
The shares of Coinbase, the largest cryptocurrency exchange in the United States, were traded on the Frankfurt Stock Exchange last Wednesday when the company’s direct listing on the Nasdaq debuted in the United States.
Coinbase’s listing has been cited as a milestone for the digital coin, token, and blockchain technology industry.
Coinbase’s shares traded on Nasdaq fell more than 2% during Thursday’s session, each trading below $ 309. The shares traded last week, ending their first session at $ 328.28.