WazirX crypto exchange enables profit and loss feature for users. Details here


India-based crypto exchange platform, WazirX, which allows users to buy, sell and trade various crypto assets like Bitcoin, Ether, Litecoin, etc., has enabled profit and trade feature. loss to its users, she said in a blog post on Monday.

WazirX wrote to its users in the announcement blog post, “After much conceptualization, engineering, research and design, we are finally ready to announce the long-awaited Profit & Loss feature. We have made sure that all your recommendations and requirements have been taken into account.”

The feature aims to improve the trader’s experience and helps users review the profits and losses they have earned during their crypto journey with WazirX. “The feature reduces the work users had to do to manually calculate their profit/loss after viewing the trading report. Users can now view their portfolios with absolute P&L, average buy for each asset and various other advanced models to calculate P&L. The feature has a simple yet powerful UX design. Additionally, the “P&L view” can also be customized for assets/tokens,” the crypto exchange added.

Users have been anticipating the launch of this feature for a long time and provided the company with their information when it was introduced for beta testing. And now WazirX’s product team has finalized and perfected the feature to introduce it to all users, he added.

Rajagopal Menon, VP Marketing, WazirX, said: “To ensure that our traders have – a broader perspective when investing in assets and also insight into the performance of their portfolio holdings so that they can easily plan their next move in the market, we have introduced the highly anticipated P&L functionality. The WazirX calculator is best in class and takes into account Average Purchase Price (ABP), Invested Value and Unrealized P&L (Profit & Loss). Apart from this; there is a separate category – Impact of non-exchange events – such as coins received as referral rewards, contest winnings, crypto withdrawals, rewards and penalties.

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