Continuing the festivities of Diwali and honoring the tradition of providing its customers with a smooth crypto experience, WazirX has unveiled the much-requested Profit & Loss feature.
WazirX wrote to its users in the announcement blog post, “After much conceptualization, engineering, research, and design, we are finally ready to announce the much-awaited Profit & Loss feature. We have ensured that all your recommendations and requirements have been taken into account.”
Users have been anticipating this feature launch for a long time now and had provided the company with their insights when it was introduced for beta testing. Acknowledging the feedback and recommendations, the product team of WazirX has finalized and perfected the feature for introducing it to all users.
The feature aims to enhance the trader experience and aids users in looking at the profit and loss they have earned during their crypto journey with WazirX. The feature curtails the work the users had to put in to calculate their profits/losses manually after looking at the trading report.
Users can now see their portfolios with the absolute P&L, average buy for every asset, and various other advanced models to calculate P&L. The feature has a simple but powerful UX design. Moreover, the ‘P&L View’ can also be customized according to the assets/tokens.
Commenting on these initiatives, Rajagopal Menon, VP Marketing, WazirX, said, “Profit & Loss are part and parcel of any market, and the crypto market is no stranger to it. Being a younger asset class, the market volatility in the crypto market is extremely high. To ensure that our traders have – a wider outlook while they invest in assets and also awareness about the performance of their portfolio holdings so that they can easily plan their next move in the market, we have introduced the much-anticipated P&L feature. The WazirX calculator is best in class and takes into consideration Average Buy Price (ABP), Invested value, Unrealized P&L (Profit & Loss), and Realized P&L. Apart from this; there is a separate category – Impact of events other than trades – such as coins received as referral rewards, contest winnings, crypto withdrawals, rewards, and penalties.”
WazirX is an India-based crypto exchange platform that allows users to buy, sell, and trade various crypto assets like Bitcoin, Ether, Litecoin, and more. WazirX is India’s largest crypto exchange (by volume) and has over 15 million users. WazirX is on a mission to make crypto accessible to everyone in India.Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.