• does coinbase track gains and losses

    【Time:2024-10-01 12:52:12】
    Coinbase is a digital currency exchange platform that tracks profits and losses. Its goal is to make it easier for individuals to buy and sell cryptocurrencies without any middlemen. Coinbase tracks profits and losses by using automated algorithms to determine whether a user has made a profit or lost money. It does this by comparing the price of the cryptocurrency to the price it was bought at. If the price of the cryptocurrency increased, the user made a profit. If the price of the cryptocurrency decreased, the user lost money. This is done to ensure that the user always has a fair opportunity to buy and sell cryptocurrencies.

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