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How is PNL calculated in the world of digital currencies?

avatarNiya JamesNov 27, 2021 · 3 years ago1 answers

Can you explain the process of calculating PNL (Profit and Loss) in the world of digital currencies? What factors are taken into consideration and how does it differ from traditional financial markets?

How is PNL calculated in the world of digital currencies?
Digital Currencies
PNL Calculation
Cryptocurrency Trading

1 answers

  • avatarNov 27, 2021 · 3 years ago
    PNL calculation in the world of digital currencies can vary depending on the platform or exchange you are using. For example, at BYDFi, PNL is calculated by subtracting the average cost of acquiring the digital currency from the current market value. This approach takes into account the average cost of acquiring the digital currency over multiple transactions, providing a more accurate representation of PNL. It's important to understand the specific PNL calculation method used by the platform or exchange you are trading on to accurately assess your profits and losses in the world of digital currencies.

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