CoinStats enhances portfolio management with precise profit & loss calculation

CoinStats, the trusted crypto portfolio tracker for over 1 million users worldwide, has announced a significant update to its platform, aimed at delivering the most accurate profit and loss (P/L) analysis in the crypto industry. This new feature is part of CoinStats’ ongoing mission to provide users with top-tier tools for managing their cryptocurrency investments.

Advanced Portfolio P/L Calculation

The latest update introduces advanced metrics to help users better understand their portfolio performance. The new P/L calculation allows users to view their total portfolio P/L through several detailed metrics:

• Total Cost: The total amount spent on acquiring an asset.
• Unrealized P/L: The profit or loss on assets not yet sold.
• Realized P/L: The profit or loss on assets that have been sold.
• All P/L: The sum of Unrealized and Realized P/L.

These metrics provide a comprehensive view of a portfolio’s performance, helping investors make more informed decisions.

Detailed Asset P/L and Transaction Insights

In addition to portfolio-wide P/L, CoinStats has enhanced the granularity of its asset-specific P/L insights. Users can now see the precise profit or loss for each asset directly from the ‘Holdings’ tab of any coin. This update also includes detailed transaction-based P/L insights available when filtering by single coins in the ‘History’ tab.

Inclusion of DeFi Holdings

Responding to user requests, CoinStats now allows users to include their DeFi holdings in the total portfolio balance. This feature ensures that all assets, including those in DeFi protocols, are accounted for in the portfolio’s overall performance metrics.

User-Driven Enhancements

CoinStats emphasizes user feedback in its development process. The introduction of detailed P/L metrics and DeFi holdings integration are direct responses to user needs. CoinStats continues to evolve, providing features that align with the dynamic demands of the crypto market.

Flexibility and Sharing

For users who wish to share their success, CoinStats now offers an easy way to share P/L metrics. A simple click on any P/L figure in the ‘Holdings’ tab generates a shareable banner, perfect for social media sharing.

Conclusion

These updates solidify CoinStats’ position as a leader in crypto portfolio management. By offering detailed and accurate P/L calculations, CoinStats helps users navigate their crypto investments with greater precision and confidence. As the crypto market continues to grow, CoinStats remains committed to providing tools that empower users to manage their portfolios effectively.

For more details on the latest features and to start tracking your crypto portfolio with precision, visit CoinStats’ official blog or follow them on Twitter.

Disclaimer: This is a paid post and should not be treated as news/advice.