Cryptocurrency valuation by processing near real-time and historical data from multiple cryptocurrency exchanges

A system, comprising:

• a memory;
• and
• a processor, coupled to the memory, wherein the processor is configured to:
• assign, to each exchange of a plurality of exchanges trading in a specified cryptocurrency, a Base Exchange Score (BES) reflecting one or more characteristics of the exchange;
• compute, for each exchange of the plurality of exchanges, a Volume Adjusted Score (VAS) by adjusting the BES based on a relative volume of transactions serviced by the exchange during a predefined period of time;
• compute, for each exchange of the plurality of exchanges, a Decayed Volume Adjusted Score (DVAS) by adjusting the VAS of the exchange to reflect a period of time passed since a most recent transaction performed on the exchange with respect to the specified cryptocurrency;
• rank the plurality of exchanges by their respective DVAS scores;
• designate an exchange associated with a highest value of the DVAS as a principal market for the specified cryptocurrency at a specified point in time;
• and
• designate a price of a most recent transaction on the principal market as representing a fair value of the specified cryptocurrency at the specified point in time.

A non-transitory computer-readable storage medium comprising executable instructions that, when executed by a computing system, cause the computing system to:

• assign, to each exchange of a plurality of exchanges trading in a specified cryptocurrency, a Base Exchange Score (BES) reflecting one or more characteristics of the exchange;
• compute, for each exchange of the plurality of exchanges, a Volume Adjusted Score (VAS) by adjusting the BES based on a relative volume of transactions serviced by the exchange during a predefined period of time;
• compute, for each exchange of the plurality of exchanges, a Decayed Volume Adjusted Score (DVAS) by adjusting the VAS of the exchange to reflect a period of time passed since a most recent transaction performed on the exchange with respect to the specified cryptocurrency;
• rank the plurality of exchanges by their respective DVAS scores;
• designate an exchange associated with a highest value of the DVAS as a principal market for the specified cryptocurrency at a specified point in time;
• and
• designate a price of a most recent transaction on the principal market as representing a fair value of the specified cryptocurrency at the specified point in time.