Financial Mathematics for Cryptocurrencies (Wiley Finance)

Master the quantitative foundations you need to successfully invest in and trade digital assets Financial Mathematics for Cryptocurrencies by Tom J.Espel combines two of today's most dynamic fields - quantitative finance and cryptocurrencies - in a comprehensive guide that addresses the unique mathematical challenges faced by everyone involved in the crypto markets.Espel draws on his extensive experience in frontier assets to explain the analytical frameworks you’ll need to make informed investment decisions, identify pricing opportunities, and manage risk in this volatile asset class.The book adapts relevant quantitative finance methodologies specifically for digital assets, bridging the gap between traditional financial mathematics and the distinctive characteristics of blockchain-based instruments.Espel introduces three essential constructs for DeFi pricing theory: network time, the validator account as a new numéraire, and wrapped token frameworks for cross-chain valuation.Its modu