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Coinbase Stock Slides After Deutsche Boerse De-Lists Crypto Exchange

• Zero Hedge

Deutsche Boerse said on Wednesday it would de-list the shares of cryptocurrency exchange Coinbase Global from its Xetra trading system and the Frankfurt stock exchange by end of Friday's trading session.

"The reason for the de-listing is a missing reference data for these shares," Deutsche Boerse said, adding the de-listing would apply until further notice.

The reaction in COIN is clearly sell first, think later...

As Reuters reports, when Coinbase trading started at Deutsche Boerse's platforms, a wrong reference code - a so-called LEI code - was used by mistake, Deutsche Boerse said.


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