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Deutsche Boerse Will De-List Coinbase Global Due to Missing Reference Data
The de-listing will apply until further notice.
Updated Sep 14, 2021, 12:44 p.m. Published Apr 21, 2021, 3:50 p.m. 1 min read
Deutsche Boerse will de-list Coinbase Global (COIN.O) shares from its Xetra market and the Frankfurt stock exchange by the end of Friday until further notice.
- Missing reference data was cited by Deutsche Boerse as the reason for this de-listing, Reuters reported Wednesday.
- An incorrect legal entity identifier (LEI) code was used when COIN.O began trading on Deutsche Boerse’s platforms.
- Deutsche Boerse said the de-listing will apply until further notice.
- The crypto exchange can resume trading on its exchanges only by the issuer applying for an LEI.
- "We're aware of an administrative error that has made it necessary for Coinbase to resubmit certain documentation to certain European stock exchanges," a Coinbase spokesperson told CoinDesk. "There have been no interruptions to trading of Coinbase stock at this time. We are working to resolve this as quickly as possible."
See also: Litecoin ETC to List on Deutsche Boerse
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NYDIG, meanwhile, rejected the basis-trade theory, citing the large discount and the lack of an unusual spike in corresponding CME bitcoin futures volume.
What to know:
- A $1.26 billion block sale of BlackRock’s IBIT shares was likely a rapid exit by a large investor, not an arbitrage unwind, according to NYDIG.
- The seller of the $1.26 billion IBIT block accepted a 2.3% discount ($29.5 million loss), signaling a priority on speed and certainty over maximizing price.
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