CoinTracker expands its crypto tax solution to Arbitrum, Optimism, and Cosmos

2023-2-17 19:03

CoinTracker’s cryptocurrency tax solution is now available on the Arbitrum, Optimism, and Cosmos blockchains.

The support is designed to streamline the digital asset tax filing process.

The solution will make it easier to sync transactions across these blockchains. 

CoinTracker’s solution is now available on three blockchains

CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, announced on Thursday, February 16th, that it had added support for Arbitrum, Optimism, and Cosmos. 

In a press release shared with Coinjournal, CoinTracker said starting today, users across these chains are now equipped with its seamless crypto tax filing and portfolio tracking solution.

The company added that the support is designed to streamline the digital asset tax filing process and enable the use of cryptocurrency with peace of mind. CoinTracker added that the support would protect users across these three chains from manually monitoring complex transactions across these blockchains.

The support for these three blockchains comes thanks to their massive record over the past few months. According to CoinTracker, Arbitrum and Optimism now combine to process more transaction volume than Ethereum, with their combined total value locked (TVL) representing almost 80% of the entire Layer-2 ecosystem. 

Furthermore, Cosmos has become one of the leading chains within the blockchain ecosystem and houses some of the most popular decentralised exchanges, including Osmosis. 

CoinTracker seeks to help users calculate crypto taxes

While commenting on this latest cryptocurrency news, Vera Tzekovenia, COO at CoinTracker, said;

“At CoinTracker, we’re laser-focused on building products so users can track all crypto activity quickly with ease, regardless of the platform or token. We’re thrilled to widen our integration breadth even further and specifically deepen our product focus on the sovereign future — building robust chain integrations so that users can explore these crypto innovations with peace of mind.”

The CoinTracker solution will provide support to the three blockchains in the following ways;

Arbitrum Automatic Sync: automatically sync transactions on Arbitrum, including new transactions as they occur.

Optimism Automatic Sync:  automatically sync user transactions on Optimism, including new transactions as they occur.

Cosmos Automatic Sync: import user activity from the Cosmos Hub and automatically tag any ATOM staking rewards.

The Cosmos and Optimism coins have been performing well over the last 24 hours. At press time, the price of Cosmos stands at $13.86, up by more than 2% in the last 24 hours. Meanwhile, Optimism has added more than 13% to its value so far today.

CoinTracker is a leading crypto portfolio tracking and tax compliance solution provider for consumers. The company leverages the best technology and partnerships to deliver the highest level of accuracy, simplicity and value year-round. 

The post CoinTracker expands its crypto tax solution to Arbitrum, Optimism, and Cosmos appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cosmos (ATOM) на Currencies.ru

$ 8.3403 (+0.18%)
Объем 24H $209.37m
Изменеия 24h: -2.55 %, 7d: -1.96 %
Cегодня L: $8.2476 - H: $8.385
Капитализация $3.26b Rank 32
Цена в час новости $ 13.84 (-39.74%)

tax solution cointracker blockchains cosmos arbitrum optimism

Источник: coinjournal.net

tax solution → Результатов: 48


Cryptocurrency Sought of as a Solution to Issues Surrounding Cannabis Tax Payments

Around this time of the year, many tax deadlines for many states and countries around the world seem to be fast approaching. Because this is going on in many places, people are naturally thinking about tax and whether cryptocurrency has any effects on the calculation and collection of tax. In some places, cryptocurrency investments became […]

2019-3-8 02:57


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Фото:

EY Buys Cryptocurrency Accounting Technology as Institutional Investors Prepare to Enter Market

Global professional services group Ernst & Young (EY) has announced on July 19, 2018, its acquisition of Andy Crypto-Asset Accounting and Tax (CAAT), a cryptocurrency accounting and regulatory compliance technology solution from Elevated Consciousness, a San Francisco startup that specializes in developing crypto asset solutions.

2018-7-25 01:00


Фото:

On Radical Markets

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets, which could be best described as an interesting new way of looking at the subject that is sometimes called “political economy” - tackling the big questions of how markets and politics and society intersect.

2018-7-21 04:03


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Cosmos proposal to cap ATOM inflation rate at 10% passed

The Cosmos Hub community has approved a proposal capping ATOM’s maximum inflation rate at 10% Per the proposal, validators can still break even or turn profits at 10% inflation Reducing inflation rate will help Cosmos’ security and growth potential.

Wormhole launches a Cosmos appchain called Gateway

Gateway is a Cosmos-powered appchain. It is designed to allow for access to unified liquidity in the Cosmos ecosystem. Decentralized messaging protocol Wormhole has released its application-specific blockchain dubbed Wormhole Gateway.

Binance Labs, CoinFund lead $10M round for Cosmos network Neutron

Binance Labs and CoinFund led several venture firms in raising a $10 million round for Neutron. Neutron is a Cosmos-based smart contracts platform that launched its mainnet in May. The platform will use the funds to further its development and adoption across the ecosystem.