Oxford, Cambridge Students Compete to Make Money on Crypto Markets

In letter

  • Students from Oxford and Cambridge take part in an algorithmic trading competition.
  • APEX: E3 organizes the competition.
  • The winner gets to keep the return.

What better way to convince the world’s brightest youngsters to work under your thumb for a month than starting a competition based on a centuries-old rivalry between two of the world’s top universities?

APEX: E3, the crypto-algorithmic trading firm that beats the competition, has a deceptively simple question for math and computer science students from Oxford and Cambridge: Find out how you can make more money trading cryptocurrencies.

Since November 16, students have been competing to make the most money on the Coinbase Pro and FTX crypto exchanges, according to an APEX: E3 press release released this morning.

APEX: E3 said the students have already spent their days building algorithms that incorporate technologies and concepts as diverse as machine learning, neural networks, and trading whale orders.

In return for their efforts, APEX: E3 is offering math and computer science students at Oxford and Cambridge access to its APIs, technical support, mentoring and an undisclosed amount of “seed money”.

The company also worked with Coinbase, FTX, SIX Digital Exchange, LMAX Digital, and ConsenSys (which provide funding for an editorially independent organization Decrypt).

When the competition ends sometime next month, the clocks will stop and a jury of “industry-leading judges” will judge the teams based on their algorithms.

Dr. Quentin Stafford-Fraser, of Cambridge University’s Department of Computer Science, said in a statement: “APEX: E3 has created a fun and risk-free way for students to learn about the industry and bring their creativity and expertise to the specific challenges of this domain. “

Only the winners can keep their starting capital and their returns. Everyone else, it seems, will go with nothing. Perfect for the pressure cooker environment that led this writer to retreat into the cynicism of Decrypt.