This course fulfills CPE objectives.

After this course, learners should be able to:

  • Identify shortcomings of traditional finance system, exploring how decentralized finance seeks to resolve them.

  • Recall general facts and broad timelines of key events concerning the technological advancements of traditional finance.

  • Define and Compare TradFi, CeFi, and DeFi in simple terms.

  • Recognize and describe the key differences between TradFi, CeFi & Defi.

  • Draw parallels between blockchain explorers and accounting, and identify challenges of accounting for digital assets.

Course curriculum

    1. Course Intro

    2. Agenda and Objectives

    1. 1.1 - Defining TradFi, DeFi, and CeFi

    2. Review Question Checkpoint

    1. 2.1 - The Traditional Finance Backdrop

    2. 2.2 - TradFi: Cracks in the System

    3. Review Question Checkpoint

    1. 3.1 - The Rise of Crypto

    2. 3.2 - DeFi Pros and Cons

    3. Review Question Checkpoint

    1. 4.1 - Side by Side Examples

    2. 4.2 - TradFi Example

    3. 4.3 - CeFi Example

    4. 4.4 - CeFi Trade

    5. 4.5 - DeFi to CeFi Transfer

    6. 4.6 - DeFi to Uniswap Trade

    7. 4.7 - DeFi - Whale Watching!

    8. 4.8 - Ethereum Name Service (ENS)

    9. Review Question Checkpoint

    1. 5.1 - How Decentralized is DeFi, Really?

    2. 5.2 - Accounting Challenges and Survival Tips for Accountants

    3. 5.3 - A Look to the Future and Wrap-Up

About this course

  • 23 lessons
  • 1 hour of video content
  • 1.5 CPE Credits (Specialized Knowledge)
  • No prerequisites

Other CPE Info

  • Program Level


  • Preparation


  • Delivery

    QAS Self Study

A Partner Course with CipherCounts

CipherCounts is a boutique crypto accounting firm that works on some of the most advanced topics in the industry, integrating standards from public accounting. auditing, and forensics. The team is one of the only firms that combines expertise from the Big Four with advanced technology degrees, tackling topics such as: DeFi, NFTs, DAOs, perps, marketplaces, mining, validators, tokenomics, algorithmic tokens, and various other topics. CipherCounts can also be found at public speaking engagements, in addition to this crypto course partnership with BitwaveU.

CipherCounts provides a curated white-glove engagement tailored to the individual needs of an organization. Clients range from pre-seed start-ups, to billion dollar publicly traded companies, and high net worth individuals. CipherCounts offer turn-key end-to-end solutions that streamline organizations and cure accounting and organizational headaches through a variety of solutions: fractional CFO, controller, and ops services, bookkeeping, product consulting and QA, FASB research, and more. In the spirit of Web3, CipherCounts is a decentralized organization that uses its robust network to provide global solutions working at all hours, appearing at hackathons and conferences around the world.
BitAlpha, Inc. (DBA Bitwave) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its