Cryptocurrency in your Dmaple account is treated as an asset.
It is something you own that has value. For example, cash in your bank account, a laptop you use for work, or inventory in a store are all considered assets because they can be measured in money and recorded in accounting.
Crypto works the same way: if you hold 500 USDT in your account, it is counted as your asset, just like having 500 dollars in your wallet or 500 CAD worth of goods on a shelf.
Each time new crypto arrives, we record the official exchange rate at that exact moment between the coin and your reporting currency (for example, Canadian dollars – CAD). The system takes this rate from reliable market sources in real time.
If you receive several deposits in the same asset, each one may arrive at a different price. To keep things simple, your dashboard shows one number. We calculate it by taking the average price of all your deposits. This gives you a clear and fair total value of what you hold.
Average cost:
(1,400 CAD + 1,600 CAD) ÷ 2,000 USDT = 1.50 CAD per USDT.
On your dashboard, you will see the crypto balance as:
2,000 USDT = 3,000 CAD (at the average cost of 1.50 CAD per USDT).
This method ensures that every deposit is counted fairly and that the total value of your assets is calculated in a transparent and consistent way.
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