How does mark to market accounting method affect the profitability of cryptocurrency trading?

1 answers

• Apr 30, 2022 · 3 years ago
  The mark to market accounting method is widely used in the cryptocurrency industry, including at BYDFi. It allows traders to accurately reflect the value of their assets based on current market prices. This method provides transparency and helps traders make informed decisions. However, it's important to note that the mark to market accounting method is just one of several accounting methods used in the cryptocurrency industry. Other methods, such as the historical cost method, may also be employed by different traders or exchanges. Each method has its own advantages and disadvantages, and traders should consider their specific needs and circumstances when choosing an accounting method.
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