Coinbase shares can continue trading on two European trading venues, as the coding errors with the cryptocurrency platform got resolved. Coinbase had faced delisting from the Frankfurt stock exchange by the end of Friday, as it mistakenly used a unique 20 digit identification code that is LEI.
Since Coinbase was missing difference data was missing for Coinbase, the shares got delisted. But they are tradable in Frankfurt after providing the required paperwork.
Coinbase shares will remain listed.
Since the missing reference data LEI is available now, Coinbase shares will not be delisted. Coinbase shares, one of the largest cryptocurrency exchanges in the US, started trading on the floor of the Frankfurt stock exchange again after the company’s direct listing debut on the Nasdaq. Coinbase public listing is a milestone of the industry.
It surrounds tokens, digital coins, along with blockchain technology. Coinbase share traded on Nasdaq has fallen more than 2% on Thursday, which is below $309 each. These shares again started trading last week and ended their session at $328.28.
Coinbase faced delisting
FSE delisted Coinbase as the so called LEI code is mandatory. According to the spokesman, the only way for Comeback to get back to trading is to apply for an LEI. They have contacted Coinbase regarding the same.
Coinbase stated that they were aware of an administrative error and they would resubmit specific documentation. The company also said that they work to resolve the issue as soon as possible.
What is Frankfurt Stock Exchange?
Frankfurt stock exchange was known as Frankfurter Wertpapierborse (FWB). FSE is one of the largest regional stock exchanges in Germany. It is the 12th largest stock exchange globally. Its market capitalization is approaching $2bn.
FSE is one of the oldest exchanges in the World, established in the year 1666. They primarily dealt with the trading of Government bonds and funds till 1850. Now they have more than 250 trading institutions, with more than 4,500 traders.
