EduMarkets Digital Assets

The digital assets module covers how digital-asset markets are traded and priced. It opens with market structure and the main participants, then covers perpetual futures and the funding rate that anchors them to spot, options and how their volatility is quoted, and stablecoins and the reserves backing them. Later pages cover decentralised exchanges and automated market makers, the tokenisation of traditional assets such as bonds and funds, and how regulators treat the sector.

Handbook chapters

  1. What Digital Assets Are
  2. The Ledger Layer
  3. Venues and Market Structure
  4. Quoting and Pairs
  5. Custody
  6. Perpetual Futures
  7. Funding
  8. Perp Basis
  9. Margin and Liquidation
  10. Crypto Options
  11. Crypto Volatility
  12. Automated Market Makers
  13. Stablecoins
  14. Tokenisation
  15. Settlement: Traditional vs On-Chain
  16. Regulation
  17. Case Study: Two Depegs

Tools and exercises

  • Market Structure
  • Perps & Funding
  • Options & Vol
  • Stablecoins
  • DeFi & AMMs
  • Tokenisation
  • Regulation & Risk
  • Exercises