Crypto.com, a Hong Kong-based payment and cryptocurrency platform has announced a partnership with three leading crypto tax providers CoinTracker, CryptoTrader.Tax, and Token Tax to provide seamless tax reporting services to its user.
Crypto.com announced the partnership in a blog post published on its website on Tuesday, March 24. According to Crypto.com, responding to the requests of the community and given the importance of this area, it has made a partnership with three leading crypto tax reporting services provider that include San Francisco-based CoinTracker, Kansas City-based CryptoTrader.Tax, and Token Tax.
According to the exchange, as countries around the globe are mandating tax reporting on virtual currencies, this partnership will make crypto tax reporting for a number of jurisdictions as simple as possible for its users and expands the portfolio of services offered in the Crypto.com ecosystem.
Each partner will allow Crypto.com users to import their historical crypto transactions data from Crypto.com app in a CSV form into the respective platforms. Users can then generate necessary tax reports with the click of a button.
CoinTracker allows Crypto.com users with under 200 transactions per year to get their tac report free. Users with 200+ transactions will receive 10% off any paid tax plans.
Kris Marszalek, co-founder and CEO of Crypto.com, commented:
“You can’t escape death and taxes, might as well attempt to make the latter as seamless as possible. We’re thrilled to partner with leading players in this space to simplify the reporting process for Crypto.com users.”
David Kemmerer, CEO of CryptoTrader.Tax, stated:
“We are excited to be teaming up with the Crypto.com team to bring an easy, automated cryptocurrency tax reporting experience to their users. I think this partnership demonstrates Crypto.com’s leadership in this industry. The whole team is committed to making every aspect of cryptocurrency as easy as possible for their users, taxes included.”
Chandan Lodha, COO of CoinTracker, on the partnership, said:
“We’re extremely excited to be partnering with Crypto.com, a market leading global cryptocurrency platform. By extending CoinTracker’s integrations with Crypto.com, we are one step closer to making cryptocurrency taxes and portfolio tracking simple and accessible for everyone.”
Crypto.com, founded in 2016, pioneers payments and cryptocurrency platform and seeks to accelerate the transition to cryptocurrency. As reported by Wealth Growth Insights, the company launched its cryptocurrency exchange “Crypto.com Exchange” at the end of 2019. Crypto.com mobile app enables user to buy and sell 7 fiat and 53 crypto assets.
The company also announced a strategic partnership with an innovative fintech company Oveit that will integrate Crypto.com Pay feature on its platform. The integration will allow over 3,500 offline and virtual event’s organizers can utilize Oveit’s platform to accept cryptocurrency payments from over 1.5 million event attendants via Crypto.com Pay.
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