University: University of Technology Sydney
Academic supervisors: Professor Talis Putnins and Dr Ester Felez Vinas
Industry partner: CryptoCompare
Decentralised Market Quality
My thesis explores the quality of decentralised markets. Focusing on the role this new market design plays in the price discovery of digital assets. Developing an understanding of the liquidity risks of these markets. Studying how these markets impact market integrity for the broader digital asset markets.
CryptoCompare is an FCA-authorised benchmark administrator and global leader in digital asset data, providing institutional-grade digital asset data and real-time and settlement indices. By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive and granular overview of the market across trade, derivatives, order book, historical, social and blockchain data.
What part of the business is the researcher involved in?
CryptoCompare’s research and development team
What questions/problems is the researcher helping to answer/solve?
In the narrow context of business outcomes, he has participated in how to get data from blockchain providers, how to evaluate DEXs equitably and the power of DEX data in finding insider trading. He is going on to research how the structure of different DEXs impacts their success and whether DEXs or centralised markets lead in price discovery.
Luke has made an invaluable impact with his knowledge of digital finance and the structure of decentralised markets (DEXs). He was instrumental in the development of our new DEX data integrations and the evolution of the DEX benchmark as an industry first ranking of DEXs. Luke is insightful and sociable making a positive in pact on company culture with his active participation in the on-chain data seminars.
Alex Wendland, Data Scientist at CryptoCompare