Indian crypto exchange WazirX introduces profit, loss function

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WazirX, India’s largest cryp­tocur­ren­cy exchange by trade vol­ume, has intro­duced a prof­it and loss (P&L) func­tion for users to ana­lyze and cal­cu­late their investments. 

See relat­ed arti­cle: WazirX wants to inte­grate India’s dig­i­tal rupee

Fast facts

  • WazirX users will view their port­fo­lios with the absolute P&L, aver­age buy for every asset, as well as cus­tomize the “P&L View” for the tokens, the com­pa­ny said in a blog post.
  • The WazirX cal­cu­la­tor takes into con­sid­er­a­tion aver­age buy price, invest­ed val­ue, and unre­al­ized P&L, said Rajagopal Menon, vice-pres­i­dent of mar­ket­ing, in a state­ment emailed to Forkast on Mon­day.
  • The fea­ture also has a sep­a­rate cat­e­go­ry for the impact of events oth­er than trades, that include coins received as refer­ral rewards, cryp­to with­drawals, rewards and penalties.
  • WazirX’s trade vol­ume over the last 24 hours stood at US$2.32 mil­lion, down 31.2%, accord­ing to data from cryp­to index track­er Nomics.com.
  • Trade vol­umes of CoinD­CX, anoth­er major Indi­an cryp­to exchange, stood at US$1.43 mil­lion at the same time, down 47.1% in the last 24 hours. 
  • See relat­ed arti­cle: India cryp­to traders try to dodge fall­out from WazirX woes, spat with Binance

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