WazirX enables profit and loss features for its users
A cryptocurrency exchange platform based in India, WazirX, allows users to buy, sell, and trade various cryptocurrencies including Bitcoin, Ether, Litecoin, and more.
According to WazirX’s announcement blog, “After much conceptualization, engineering, research, and design, we are finally ready to reveal the much-awaited Profit & Loss feature. All your recommendations and requirements have been taken into consideration.”
As part of the feature, users can view the profit and loss they have earned during their crypto journey with WazirX. As a result of the feature, users no longer have to manually calculate their profits/losses after reviewing the trading report. Users can now see their portfolios with the absolute profit and loss, average purchase for each asset, and other advanced models to calculate profit and loss. The feature has a simple but powerful UX design.
Users have been anticipating this feature launch for a long time now and provided the company with their insights when it was introduced for beta testing. And now, the product team of WazirX has finalised and perfected the feature for introducing it to all users.
Rajagopal Menon, VP Marketing, WazirX, said, “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 the best in class and takes into consideration Average Buy Price (ABP), Invested value, and Unrealized P&L (Profit & Loss). 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.”