CoinTracker expands crypto tax solution to Arbirtrum, Optimism and Cosmos
CoinTracker, the leading cryptocurrency tax and portfolio tracking tool, has expanded its solution to the Arbitrum, Optimism and Cosmos blockchains.
With this multi-chain support, even more crypto users can now handle the filing of digital wealth taxes seamlessly across different blockchains, the CoinTracker team said in an announcement.
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The expansion also boosts cryptocurrency adoption and usage, with users leveraging the automation to avoid the tedious aspect of manually monitoring complex transactions across multiple chains.
Already, CoinTracker exclusively offers its crypto tax and portfolio solution to many of the leading exchanges and tax platforms in the industry. These include US-based crypto exchange Coinbase, top NFT marketplace OpenSea and Intuit’s TurboTax.
Crypto tax filing across multi-chain wallets
CoinTracker’s support for Arbitrum, Cosmos and Optimism comes as the crypto community embraces the growth opportunities Web3 presents. Now, instead of facing the limitations of a filing approach, users can enjoy streamlined processes, with simplified end-to-end filing of crypto-tax – especially with the growing trend of multi-chain wallets.
Vera Tzekovenia, COO of Coinracker, commented on the extended support:
“At CoinTracker, we are laser-focused on building products so users can track all crypto activity quickly with ease, regardless of platform or token…We’re excited to further expand our integration breadth and specifically deepen our product focus on sovereign futures — building robust on-chain integrations like that users can explore these crypto innovations with peace of mind.”
Users on the three chains can now calculate their crypto taxes and easily track portfolios by automatically syncing transactions (for Arbitrum and Optimism), or import user activity and automatically mark ATOM stake rewards (for Cosmos).
Founded in 2017, CoinTracker currently helps track over $50 billion in crypto assets. The platform is backed by several top venture capital firms, including Accel, Y Combinator, General Catalyst, Initialized Capital and 776 Ventures.
