Deutsche Boerse to Remove Coinbase (COIN) From Frankfurt Trading - Bloomberg
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(Updated - April 21, 2021 8:32 AM EDT)
Coinbase (NASDAQ: COIN) will stop trading on Xetra and the Frankfurt Stock Exchange on Friday April 23 due to a missing identifier, a spokesman for Deutsche Boerse said on Wednesday, according to a report from Bloomberg.
The so-called LEI code is mandatory for stocks to trade and while Coinbase provided such an identifier when trading started, the code turned out to be not linked to the listed entity, the report said.
"The only way to get Coinbase back into trading is for the issuer to apply for an LEI. We have contacted Coinbase for this purpose," the spokesman told the news agency in an email.
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