Coinbase will continue to trade on 2 European exchanges after a data error threatened the crypto exchange with delisting

Coinbase direct listing
The Coinbase logo on display in Times Square in New York City. Shannon Stapleton/Reuters
  • Coinbase shares will remain listed on the Frankfurt Stock Exchange and the Xetra trading system.
  • The shares had faced delisting because of a reference code error.
  • “Missing reference data” for Coinbase was available, said Deutsche Borse’s Xetra.
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Coinbase shares will continue to trade on two European trading venues run by Deutsche Boerse as a coding error with the cryptocurrency platform has been resolved.

The company’s shares had faced delisting from the Xetra trading system and the Frankfurt Stock Exchange by the end of Friday because of a mistakenly used individual 20-digit identification code, or LEI.

“The missing reference data (LEI) is now available for #Coinbase and thus, the shares will not be delisted … but rather be tradable on #Xetra und Börse Frankfurt further on,” Xetra said on its Twitter page Thursday.

Shares of Coinbase, the largest cryptocurrency exchange in the US, became tradable on the floor of the Frankfurt Stock Exchange last Wednesday when the company’s direct listing debuted in the US on Nasdaq.

Coinbase’s public listing has been called a milestone for the industry surrounding digital coins, tokens and blockchain technology.

Shares of Coinbase traded on Nasdaq fell more than 2% during Thursday’s session, below $309 each. The shares started trading last week, ending their first session at $328.28.