On Friday, April 23, Deutsche Börse will delist Coinbase’s shares from the Xetra platform and the Frankfurt Stock Exchange. Reuters reports.
The reason was an error in the listed LEI code — the 20-character Legal Entity Identifier used by market participants. To resolve the issue, Coinbase must apply for a new LEI code.
In response to the announcement, COIN shares fell to a low of $302 and were trading around $315 at the time of writing.
Earlier, on the first day of trading on 14 April, asset-management firm Ark Invest bought 749,205 Coinbase shares for $246 million. On 16 April, Ark Invest additionally purchased COIN for $110 million.
Earlier, to celebrate Nasdaq listing, the crypto exchange announced a $1.5 million Bitcoin giveaway for new users.
Earlier Forbes reported that the $300,000 invested by a venture investor in Coinbase had turned into $565 million after the Nasdaq listing.
Follow ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analysis.