What Constitutes “Inside Information” in the Context of a Crypto Asset Listing?

Inside information is precise information, not made public, relating directly or indirectly to one or more crypto assets, which, if made public, would be likely to have a significant effect on the price. A common example is the knowledge of an imminent, unannounced listing of a token on a major centralized exchange (CEX), as such an event typically causes a large price spike (the "Coinbase Effect").

Trading on this non-public knowledge is insider dealing.

What Is the Difference between “Insider Trading” and “Market Manipulation” in Crypto?
How Do CEXs Legally Manage the Risk of Their Employees Trading on Listing Information?
What Are ‘Whale’ Transactions and How Can They Signal a Potential Rug Pull?
What Is ‘Information Leakage’ in the Context of a Public Order Book?
Is MEV Considered a Form of Market Manipulation by Regulators?
Explain the Term “Front-Running” in the Context of Oracle Updates for Derivatives
What Is the Role of a “Wholesaler” in Providing Price Improvement in Options Trading?
How Does MiCA Define ‘Insider Information’ in the Context of Crypto Trading?

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