[{"data":1,"prerenderedAt":349},["ShallowReactive",2],{"api/learn-center-post-en-the-basics-of-crypto-derivatives-exchanges":3,"footer-en":59,"learn/crypto-trading/the-basics-of-crypto-derivatives-exchanges-en-seo":257,"navigation-en-learn-center":262,"api/learn-categories-en":310},{"seo":4,"locale":24,"breadcrumbs":25,"excerpt":33,"featuredImage":34,"components":41,"title":5,"formattedPublishedAt":52,"geofencings":53,"category":54,"pagination":56,"campaignExternalId":7},{"title":5,"metaTitle":5,"metaDescription":6,"keywords":7,"metaRobots":7,"structuredData":8,"metaImage":9,"metaSocial":17,"canonicalURL":7,"localizations":18},"The Basics of Crypto Derivatives Exchanges","Cryptocurrency derivatives allow traders and investors to gain exposure to crypto asset prices, offering opportunities for hedging and speculation.",null,{},{"url":10,"mime":11,"ext":12,"width":13,"height":14,"name":15,"alt":16},"bitstampImageUrl/The_Basics_of_Crypto_Derivatives_Exchanges_ee9dd24739_364e4f1db8.png","image/png",".png",900,451,"The_Basics_of_Crypto_Derivatives_Exchanges_ee9dd24739.png","",[],[19,22],{"pathname":20,"locale":21},"/es/learn/crypto-trading/the-basics-of-crypto-derivatives-exchanges/","es",{"pathname":23,"locale":24},"/learn/crypto-trading/the-basics-of-crypto-derivatives-exchanges/","en",[26,30],{"id":27,"text":28,"url":27,"asUrl":29},"/learn/crypto-trading/","Crypto trading",true,{"id":31,"text":5,"url":23,"asUrl":32},"the-basics-of-crypto-derivatives-exchanges",false,"\u003Cp>Cryptocurrency derivatives are financial instruments that give traders and investors exposure to the price of an underlying crypto asset.  \u003C/p>\n",{"url":35,"mime":36,"ext":37,"width":38,"height":39,"name":40,"alt":16},"bitstampImageUrl/the_basics_of_crypto_derivatives_exchanges_699b865762_c00c7056f5.svg","image/svg+xml",".svg",1920,1080,"the_basics_of_crypto_derivatives_exchanges_699b865762.svg",[42],{"component":43,"props":44,"content":45,"secondaryContent":49,"ctas":50,"secondaryCtas":51,"ctasNoMarginTop":32},"section.full-text",{"centered":32,"withoutSectionContainer":32},{"text":46,"width":47,"align":48},"\u003Cp>They are traded on \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/how-does-a-crypto-exchange-work/\">exchanges\u003C/a>, which can offer a wide variety of derivative products, trading conditions, and even the underlying mechanics of the exchange itself.  \u003C/p>\n\u003Ch2>Overview of crypto derivatives exchanges\u003C/h2>\n\u003Cp>Cryptocurrency derivatives platforms fall into two categories: centralized and decentralized. Of these two, the centralized segment is by far the largest, most liquid, most established, and with the greatest chance of being regulated. Decentralized \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/how-to-trade-cryptocurrency-derivatives-a-beginners-guide/\">derivatives trading\u003C/a> is a newer market that emerged as a segment of \u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-decentralized-finance-defi/\">decentralized finance\u003C/a> and is still relatively illiquid, although it’s growing rapidly.  \u003C/p>\n\u003Cp>The key difference between the two is that a centralized exchange is run by a company where the company takes custody of customer funds and operates the trading platform using centrally managed software. A decentralized crypto derivatives exchange handles trading transactions on-chain using \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-are-smart-contracts/\">smart contracts\u003C/a> that execute automatically without taking custody of customer funds.  \u003C/p>\n\u003Cp>Centralized crypto derivatives exchanges serve two primary customer bases – retail users and institutions. Many of the largest platforms might serve both audiences with offerings tailored to each specific audience. The Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (Cboe) are both examples of established institutional trading venues that have expanded into offering cryptocurrency derivatives. Institutional offerings may include services such as over-the-counter (OTC) trading or access to higher leverage.  \u003C/p>\n\u003Cp>Decentralized crypto derivatives exchanges, including \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-dydx/\">dYdX\u003C/a>, \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-jupiter-jup/\">Jupiter\u003C/a>, and Hyperliquid, predominantly serve retail markets and a niche segment of crypto-native professional users such as fund managers.  \u003C/p>\n\u003Cp>Depending on the type of exchange, the user journey will be somewhat different. Centralized exchanges require the user to open an account, submit identification to undergo a KYC check, and deposit funds (which may be fiat or cryptocurrency) to start trading. A \u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-a-decentralized-exchange-dex/\">decentralized exchange\u003C/a> requires a compatible \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/how-to-choose-the-right-crypto-wallet/\">cryptocurrency wallet\u003C/a> loaded with funds for trading.  \u003C/p>\n\u003Cp>Once onboarded, the trader can begin placing orders for their chosen products. Due to the nature of derivatives markets, each order must be matched, so a buy order must be matched with an equivalent sell order to be executed, and vice versa.  \u003C/p>\n\u003Ch2>Types of cryptocurrency derivatives products\u003C/h2>\n\u003Cp>Cryptocurrency derivatives fall into three main categories: futures, options, and perpetual swaps.  \u003C/p>\n\u003Ch3>Futures\u003C/h3>\n\u003Cp>Cryptocurrency \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-are-futures/\">futures\u003C/a> are an agreement between two parties to buy or sell a digital asset for a set price at a fixed date in the future. Traders buy contracts in a particular asset if they believe the price will go up, or they sell if they think the price will go down.  \u003C/p>\n\u003Cp>The contract represents a legally binding agreement to conclude the sale under the agreed terms, so futures offer a way to guarantee a fixed price for an asset regardless of how the underlying spot market performs. Therefore, they can be used as a tool to hedge against the risk of a downturn in price, as well as to speculate on the price going up.  \u003C/p>\n\u003Ch3>Options\u003C/h3>\n\u003Cp>Options differ from futures in the way the contract is structured. An option contract gives the option, or right, to buy or sell a given asset on or by a set date. The sale is concluded at the price agreed on in the option contract, known as the strike price. Unlike the futures contract, there is no obligation to execute the transaction.  \u003C/p>\n\u003Cp>The option contract may be structured for a buy transaction, also known as a call option, which allows the holder to buy the asset at the strike price. The other alternative is a put option, which gives the right to sell the asset at the strike price.  \u003C/p>\n\u003Cp>When the option holder buys or sells the asset under the terms of the option, it’s known as exercising the option. However, when the option can be exercised depends on the option type. European-style options can only be exercised on the expiration date itself and not before, while American-style options can be exercised at any point before the expiration date.  \u003C/p>\n\u003Cp>Options offer more sophisticated opportunities for speculation and hedging. However, they come with a degree of complexity, and as such, the market is still less liquid than those of futures and perpetuals.  \u003C/p>\n\u003Ch3>Perpetual swaps\u003C/h3>\n\u003Cp>Perpetual swaps, also known as \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-are-perpetual-futures-contracts/\">perpetual futures\u003C/a> or simply perpetuals or perps, are a type of futures contract without an expiry date. Like futures, traders buy contracts to go long or sell to go short, but since the contract has no settlement date, exchanges use a funding rate mechanism to settle contracts periodically.  \u003C/p>\n\u003Cp>Every few hours, the funding rate is updated based on the deviation between spot prices and the perpetual contract price. A positive funding rate means that longs pay shorts, and vice versa if the funding rate is negative.  \u003C/p>\n\u003Cp>The lack of an expiry date makes perpetual swaps a flexible and low–barrier way to gain exposure to the price of an asset, which can be attractive for short-term traders.  \u003C/p>\n\u003Ch2>Key features of crypto derivatives exchanges\u003C/h2>\n\u003Cp>There are several key features that traders should consider when choosing the best crypto derivatives exchange.  \u003C/p>\n\u003Ch3>Liquidity\u003C/h3>\n\u003Cp>The key measures of \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-liquidity/\">liquidity\u003C/a> on a crypto derivatives exchange are open interest, which indicates the aggregated value of open positions on the exchange at any given moment, and trading volume, which indicates the value of contracts traded in a given time frame. Exchanges with high open interest and high volume offer deeper liquidity and are, therefore, more likely to be able to find a suitable match for the order quickly, reducing the risk of \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-slippage/\">slippage\u003C/a>.  \u003C/p>\n\u003Ch3>Fees\u003C/h3>\n\u003Cp>Many traders choose derivatives due to the ability to trade with \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-is-leverage-trading/\">leverage\u003C/a>; therefore, fees are an important consideration. Fees are typically calculated as a percentage of the position value, so a multiple of 10x applied to a trade will also apply to the value of the fee. Fees are also payable on both winning and losing positions. Therefore, a small difference in trading fees can make an exponential difference in profitability when trading with \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/understanding-margin-and-leverage-in-crypto-derivatives/\">margin and leverage\u003C/a>.  \u003C/p>\n\u003Ch3>Technology and infrastructural capabilities\u003C/h3>\n\u003Cp>The speed of a matching engine and the ability of an exchange to continue trading operations even during periods of high volatility are a key feature of the best crypto derivatives exchanges. During volatile periods in the market, many traders are trying to enter and exit positions and outage incidents have been commonplace in the past. In such an event, traders can become trapped in losing positions that they cannot exit and risk becoming liquidated. Robust architecture and proven technological capabilities during busy trading periods should be an important consideration for any trader.  \u003C/p>\n\u003Ch3>Other factors when choosing a crypto derivatives exchange\u003C/h3>\n\u003Cp>Several other factors may also play a part in choosing a crypto derivatives exchange. Some exchanges offer features such as analysis and charting tools, which may appeal to traders who rely heavily on \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/advanced-technical-analysis-techniques-for-crypto-3/\">technical indicators\u003C/a>.  \u003C/p>\n\u003Cp>Security is another consideration. Exchanges should be able to demonstrate a solid record of protecting customer funds using bank-grade security protocols and with appropriate measures in place for responding to incidents, such as insurance.  \u003C/p>\n\u003Cp>Exchanges may have variations in policy around liquidations or how they handle losses – for example, many operate an insurance fund that can protect winning traders if a losing trader cannot make good on their obligations. However, in the worst case, an exchange may operate “clawback” policies that allow it to socialize losses among traders in the event of a liquidation that would otherwise cause the exchange to go bankrupt.  \u003C/p>\n\u003Ch2>Tips for selecting the right exchange\u003C/h2>\n\u003Cp>The features above provide a helpful checklist for things to consider when selecting a crypto derivatives exchange. Exchanges are competing in an increasingly competitive market, so it’s worth spending some time researching the instruments on offer and the trading conditions to make sure they fit any chosen trading strategy.  \u003C/p>\n\u003Cp>Although offers of high leverage and introductory deals on trading fees may be superficially attractive, factors such as deep liquidity and robust infrastructure will ultimately make for a more stable and enjoyable user experience and will better support trading needs in the longer term.  \u003C/p>\n\u003Ch2>Crypto derivatives exchange essentials\u003C/h2>\n\u003Cul>\n\u003Cli>Crypto derivatives are traded on centralized or decentralized exchanges, with the bulk of liquidity still concentrated in the first category.  \u003C/li>\n\u003Cli>Types of crypto derivatives products include futures, options, and perpetual swaps.  \u003C/li>\n\u003Cli>Traders assess the suitability of exchanges based on factors such as the depth of liquidity, fees, and technological capabilities, among others.\u003C/li>\n\u003C/ul>\n","full","left",{"text":16},[],[],"September 10th, 2024",{},{"title":28,"url":27,"geofencings":55},{},{"previous":57,"next":58},"/learn/crypto-trading/risk-management-techniques-in-crypto-derivatives-trading/","/learn/crypto-trading/the-impact-of-leverage-in-cryptocurrency-trading/",{"ready":29,"sections":60,"disclaimer":255,"copyright":256},[61,104,132,155,192,211],{"title":62,"content":16,"items":63},"About",[64,69,74,79,84,89,94,99],{"noFollow":29,"isExternal":32,"name":65,"value":66,"isEmail":32,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":67,"geofencings":68},"Who We 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Details","/market-details/",{},{},{"title":193,"content":16,"items":194},"Address",[195,199,203,207],{"noFollow":32,"isExternal":32,"name":196,"value":16,"isEmail":32,"isPhoneNumber":32,"isText":29,"showOnDesktop":29,"showOnMobile":29,"attachment":197,"geofencings":198},"Bitstamp Ltd",{},{},{"noFollow":32,"isExternal":32,"name":200,"value":16,"isEmail":32,"isPhoneNumber":32,"isText":29,"showOnDesktop":29,"showOnMobile":29,"attachment":201,"geofencings":202},"5 New Street Square",{},{},{"noFollow":32,"isExternal":32,"name":204,"value":16,"isEmail":32,"isPhoneNumber":32,"isText":29,"showOnDesktop":29,"showOnMobile":29,"attachment":205,"geofencings":206},"London, EC4A 3TW",{},{},{"noFollow":32,"isExternal":32,"name":208,"value":16,"isEmail":32,"isPhoneNumber":32,"isText":29,"showOnDesktop":29,"showOnMobile":29,"attachment":209,"geofencings":210},"United Kingdom",{},{},{"title":212,"content":16,"items":213},"Contact",[214,219,223,227,231,235,240,245,250],{"noFollow":32,"isExternal":32,"name":215,"value":216,"isEmail":32,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":217,"geofencings":218},"Customer support","/customer-support/",{},{},{"noFollow":32,"isExternal":32,"name":220,"value":220,"isEmail":29,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":221,"geofencings":222},"info@bitstamp.net",{},{},{"noFollow":32,"isExternal":32,"name":224,"value":224,"isEmail":29,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":225,"geofencings":226},"press@bitstamp.net",{},{},{"noFollow":32,"isExternal":32,"name":228,"value":228,"isEmail":29,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":229,"geofencings":230},"support@bitstamp.net",{},{},{"noFollow":32,"isExternal":32,"name":232,"value":232,"isEmail":29,"isPhoneNumber":32,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":233,"geofencings":234},"complaints@bitstamp.net",{},{},{"noFollow":32,"isExternal":32,"name":236,"value":237,"isEmail":32,"isPhoneNumber":29,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":238,"geofencings":239},"+44 20 3868 9628","+442038689628",{},{},{"noFollow":32,"isExternal":32,"name":241,"value":242,"isEmail":32,"isPhoneNumber":29,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":243,"geofencings":244},"+1 800 712 5702","+18007125702",{},{},{"noFollow":32,"isExternal":32,"name":246,"value":247,"isEmail":32,"isPhoneNumber":29,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":248,"geofencings":249},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":32,"isExternal":32,"name":251,"value":252,"isEmail":32,"isPhoneNumber":29,"isText":32,"showOnDesktop":29,"showOnMobile":29,"attachment":253,"geofencings":254},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":6,"ogDescription":6,"ogImage":258,"twitterImage":258,"twitterSite":259,"twitterCreator":259,"twitterCard":260,"twitterTitle":5,"twitterDescription":6,"titleTemplate":261},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/The_Basics_of_Crypto_Derivatives_Exchanges_ee9dd24739_364e4f1db8.png","@Bitstamp","summary_large_image","%s",{"items":263,"ready":29,"platformButtonText":306,"backButtonText":307,"logInButtonText":308,"signUpButtonText":309},[264,268,272,275,278,281,284,289,292,297,302],{"headerName":265,"sidemenuName":136,"url":137,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":266,"submenu":267,"tag":16},"Institutions",{},[],{"headerName":128,"sidemenuName":128,"url":129,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":269,"submenu":270,"tag":271},{},[],"NEW",{"headerName":151,"sidemenuName":151,"url":152,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":273,"submenu":274,"tag":16},{},[],{"headerName":108,"sidemenuName":108,"url":109,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":276,"submenu":277,"tag":16},{},[],{"headerName":118,"sidemenuName":118,"url":119,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":279,"submenu":280,"tag":16},{},[],{"headerName":123,"sidemenuName":123,"url":124,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":282,"submenu":283,"tag":16},{"geofencing-uk":29},[],{"headerName":285,"sidemenuName":285,"url":286,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":287,"submenu":288,"tag":16},"Markets","/markets/",{},[],{"headerName":113,"sidemenuName":113,"url":114,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":290,"submenu":291,"tag":16},{},[],{"headerName":293,"sidemenuName":293,"url":294,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":295,"submenu":296,"tag":16},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":298,"sidemenuName":298,"url":299,"noFollow":32,"showInHeader":29,"showInSidemenu":29,"geofencings":300,"submenu":301,"tag":16},"Learn","/learn/",{},[],{"headerName":303,"sidemenuName":303,"url":109,"noFollow":32,"showInHeader":32,"showInSidemenu":29,"geofencings":304,"submenu":305,"tag":16},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[311,315,319,323,327,329,333,337,341,345],{"title":312,"url":313,"geofencings":314},"Blockchain technology","/learn/blockchain/",{},{"title":316,"url":317,"geofencings":318},"Company profiles","/learn/company-profiles/",{},{"title":320,"url":321,"geofencings":322},"Crypto 101","/learn/crypto-101/",{},{"title":324,"url":325,"geofencings":326},"Crypto definitions","/learn/crypto-definitions/",{},{"title":28,"url":27,"geofencings":328},{},{"title":330,"url":331,"geofencings":332},"Cryptocurrency guide","/learn/cryptocurrency-guide/",{"geofencing-uk":29},{"title":334,"url":335,"geofencings":336},"People profiles","/learn/people-profiles/",{},{"title":338,"url":339,"geofencings":340},"Security","/learn/security/",{},{"title":342,"url":343,"geofencings":344},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":346,"url":347,"geofencings":348},"Web3","/learn/web3/",{},1775055430388]