Deutsche Boerse to Delist Coinbase's Shares (COIN)
One week after going public, Coinbase shares (COIN) will be removed from #Deutsche #Boerse on Friday due to missing reference data.
One week after going public, Coinbase shares (COIN) will be removed from Deutsche Boerse on Friday due to missing reference data.
Deutsche Boerse AG, Germany's leading exchange, plans to delist the stake of the largest American cryptocurrency exchange Coinbase. The organization announced that it took its decision due to incorrectly added reference data that needed to be resolved. “The reason for the delist is missing reference data for these shares,” Deutsche Boerse said, adding that the delist will be valid until further notice.
#Reuters reported earlier today that Deutsche Boerse intends to remove its Coinbase shares from the trading platform. Following their release on Deutsche Boerse's platforms, #COIN shares began trading with an error in the so-called #LEI code. However, the statement stated that it is still unclear who made the mistake.
LEI codes are individual reference lines required for identification and a regulatory requirement for listing and trading. The Frankfurt-based organization added, "The only way for Coinbase to continue trading is if the issuer applies for an LEI."
Coinbase officially became a public company by logging into Nasdaq last week. This development has been regarded as an important milestone in the cycle of cryptocurrency adoption as it has become one of the largest public listings in US history .
The COIN started off with a price tag of around $ 400, but faced increased volatility right after launch. After a price drop of over $ 100, Coinbase shares stood above $ 300.
Plagiarised Content
https://sincecoin.com/news/deutsche-boerse-to-delist-coinbases-shares-coin/
This content appears to be plagiarised as indicated by @jawad101.
If you have not already done so, you should head to the newcomers community and complete the newcomer achievement programme. Not only will you earn money through upvotes, you will learn about content etiquette;
You are currently in Stage 1 of our 4 Stage Process:
👉 Stage 1 - 1st Warning - Pointing offenders towards Achievement 3 and highlighting this process. All plagiarised posts currently pending rewards will be flagged and downvoted to $0 rewards.
Stage 2 - A Final Warning - Another request to stop and that plagiarism will not be tolerated. Downvotes amounting to 20% of total pending rewards according to steemworld.
Stage 3 - A stronger message - Downvotes amounting to 50% of pending rewards.
Stage 4 - The strongest message possible - Downvotes amounting to 100% of pending rewards.
Plagiarists will bypass stage 1 if translated from another language.