Liisting of the San Francisco-based firm is by far the biggest yet of a cryptocurrency companyDeutscheBoersesaid on Wednesday it wouldde-listthe shares of cryptocurrency exchangeCoinbaseGlobalfromitsXetratrading system and theFrankfurtstock exchange by end of Friday's trading session.
"The reason for thede-listing is a missing reference data for these shares,"DeutscheBoersesaid, adding thede-listing would apply until further notice.
WhenCoinbasetrading started atDeutscheBoerse's platforms, a wrong reference code- a so-called LEI code- was used by mistake,DeutscheBoersesaid.
It was not clear whose mistake it was.Such an individual reference codeis needed for identification and a regulatory requirement for admission to trading.
"The only way forCoinbaseto resume trading is for the issuer to apply for an LEI,"DeutscheBoersesaid.Coinbasedid not immediately respond to an emailed request for comment outsideU.S.
business hours.
The U.S.
cryptocurrency exchange madeits Nasdaqdebut last week, its directlisting marking a major milestone in thedevelopment of bitcoin and other digital assets.Thelisting 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 cap stood at $63.9 billion.