# US 2022/0284454 A1 · Cryptocurrency valuation by processing near real-time and historical data from multiple cryptocurrency exchanges > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2022/0284454 A1 - Document ID: US20220284454A1 - Status: Published application - Kind: A1 - Application number: 17/636,760 - Filed: 2020-08-18 - Published: 2022-09-08 - Earliest claimed: 2019-08-20 - Assignees: Lukka, Inc. - Applicants: Lukka, Inc. - Inventors: Eyal Beigman; Gerard Brennan - Web page: https://patentgrep.com/patent/US20220284454A1 ## CPC - G06Q 30/0201: Market modelling; Market analysis; Collecting market data - G06Q 40/06: Asset management; Financial planning or analysis - G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange - G06Q 40/123: {Tax preparation or submission} - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract Systems and methods for cryptocurrency valuation by processing near real-time and historical data from multiple cryptocurrency exchanges. An example method comprises: assigning, 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; computing, 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; computing, 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; ranking the plurality of exchanges by their respective DVAS scores; designating 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. ## Claims ### Claim 1 A method, comprising: assigning, by a computing system, 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; computing, by the computing system, 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; computing, by the computing system, 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; ranking, by the computing system, the plurality of exchanges by their respective DVAS scores; designating, by the computing system, 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 designating, by the computing system, 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. ### Claim 2 (depends on 1) The method of claim 1, wherein the characteristics of the exchange comprise a level of oversight reflecting regulations and rules applicable to the exchange. ### Claim 3 (depends on 1) The method of claim 1, wherein the characteristics of the exchange comprise microstructure efficiency reflecting an effective bid-ask spread of the exchange. ### Claim 4 (depends on 1) The method of claim 1, wherein the characteristics of the exchange comprise data transparency reflecting a level of detail of data provided by the exchange. ### Claim 5 (depends on 1) The method of claim 1, wherein the characteristics of the exchange comprise data integrity reflecting at least one of: order reconstruction, minute volume matching, or daily volume matching of the exchange. ### Claim 6 (depends on 1) The method of claim 1, wherein computing the DVAS is performed by applying an exponential multiplier with a negative decay factor reflecting the period of time passed since the most recent transaction performed on the exchange with respect to the specified cryptocurrency. ### Claim 7 (depends on 1) The method of claim 1, further comprising: generating a report reflecting the fair value of the specified cryptocurrency. ### Claim 8 (depends on 1) The method of claim 1, further comprising: computing, based on the fair value of the specified cryptocurrency, a gain or a loss associated with a cryptocurrency disposal transaction and one or more matched cryptocurrency acquisition transactions with respect to the specified cryptocurrency. ### Claim 9 (depends on 8) The method of claim 8, further comprising: generating an electronic tax accounting form reflecting the gain or the loss associated with the specified cryptocurrency; responsive to receiving, via a graphical user interface, an approval of the electronic tax accounting form, digitally signing the electronic tax accounting form; and uploading the electronic tax accounting form to a server authorized to accept electronic tax form filings. ### Claim 10 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. ### Claim 11 (depends on 10) The system of claim 10, wherein the characteristics of the exchange comprise at least one of: a level of oversight reflecting regulations and rules applicable to the exchange, microstructure efficiency reflecting an effective bid-ask spread of the exchange, data transparency reflecting a level of detail of data provided by the exchange, or daily volume matching of the exchange. ### Claim 12 (depends on 10) The system of claim 10, wherein computing the DVAS is performed by applying an exponential multiplier with a negative decay factor reflecting the period of time passed since the most recent transaction performed on the exchange with respect to the specified cryptocurrency. ### Claim 13 (depends on 10) The system of claim 10, wherein the processor is further configured to: generate a report reflecting the fair value of the specified cryptocurrency. ### Claim 14 (depends on 10) The system of claim 10, wherein the processor is further configured to: computing, based on the fair value of the specified cryptocurrency, a gain or a loss associated with a cryptocurrency disposal transaction and one or more matched cryptocurrency acquisition transactions with respect to the specified cryptocurrency. ### Claim 15 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. ### Claim 16 (depends on 15) The non-transitory computer-readable storage medium of claim 15, wherein the characteristics of the exchange comprise at least one of: a level of oversight reflecting regulations and rules applicable to the exchange, microstructure efficiency reflecting an effective bid-ask spread of the exchange, data transparency reflecting a level of detail of data provided by the exchange, or daily volume matching of the exchange. ### Claim 17 (depends on 15) The non-transitory computer-readable storage medium of claim 15, wherein computing the DVAS is performed by applying an exponential multiplier with a negative decay factor reflecting the period of time passed since the most recent transaction performed on the exchange with respect to the specified cryptocurrency. ### Claim 18 (depends on 15) The non-transitory computer-readable storage medium of claim 15, further comprising executable instructions that, when executed by the computing system, cause the computing system to: generate a report reflecting the fair value of the specified cryptocurrency. ### Claim 19 (depends on 15) The non-transitory computer-readable storage medium of claim 15, further comprising executable instructions that, when executed by the computing system, cause the computing system to: compute, based on the fair value of the specified cryptocurrency, a gain or a loss associated with a cryptocurrency disposal transaction and one or more matched cryptocurrency acquisition transactions with respect to the specified cryptocurrency. ### Claim 20 (depends on 19) The non-transitory computer-readable storage medium of claim 19, further comprising executable instructions that, when executed by the computing system, cause the computing system to: generate an electronic tax accounting form reflecting the gain or the loss associated with the specified cryptocurrency; responsive to receiving, via a graphical user interface, an approval of the electronic tax accounting form, digitally sign the electronic tax accounting form; and upload the electronic tax accounting form to a server authorized to accept electronic tax form filings.