It’s legal for the company to do it. Not legal for individuals. Coinbase could have bought assets ahead of time and done the same thing legally. There was a

It’s legal for the company to do it. Not legal for individuals. Coinbase could have bought assets ahead of time and done the same thing legally. There was a case where a person had access to the credit card transaction data[1] and used that data to figure out sales prior to earning calls. That same data is available to hedgefunds willing to purchase it from Bloomberg. They call legally get a companies sales data prior to earnings and trade off that information. 1. https://www.reuters.com/article/us-sec-capitalone-insidertrading/u-s-jury-finds-ex-capital-one-analyst-liable-in-insider-trading-case-idUSKCN0UR2KR20160114 https://www.reuters.com/article/us-sec-capitalone-insidertra...