Home Editor's Pick CoinLedger and MetaMask Join Forces to Simplify Crypto Tax Reporting

CoinLedger and MetaMask Join Forces to Simplify Crypto Tax Reporting

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CoinLedger, a leading cryptocurrency tax software platform, has announced a partnership with MetaMask, the prominent Web3 self-custody wallet provider.

TLDR

CoinLedger has partnered with MetaMask to simplify tax reporting for MetaMask Portfolio users.
The integration allows users to sync their MetaMask transaction history with CoinLedger for automatic tax reporting.
CoinLedger integrates with hundreds of exchanges, wallets, and blockchains to track digital-asset transactions across the crypto-economy.
MetaMask is a leading self-custody web3 platform developed by Consensys, used for NFTs, DAOs, games, and DeFi protocols.
CoinLedger aims to reduce the friction of participating in the cryptocurrency ecosystem by simplifying tax reporting.

This collaboration will enable users of MetaMask Portfolio to seamlessly sync their transaction history with CoinLedger, facilitating automatic tax reporting.

The integration addresses the challenges faced by cryptocurrency users in tracking gains and losses across various blockchain ecosystems, which is crucial for accurate tax reporting.

By connecting with hundreds of leading exchanges, wallets, and blockchains, CoinLedger allows users to monitor their digital-asset transactions across the entire crypto-economy.

MetaMask Portfolio, a feature that enables users to track their crypto holdings within a single dashboard, will now offer the option to sync transaction history with CoinLedger’s tax reporting software with a single click.

This integration automates the complex process of calculating capital gains, losses, and income associated with a user’s cryptocurrency activity from their MetaMask wallet.

David Kemmerer, CEO and Co-Founder of CoinLedger, expressed enthusiasm about bringing the company’s advanced tax reporting capabilities to MetaMask’s customer base, stating that reducing the friction associated with calculating and reporting taxes will make the cryptocurrency ecosystem more accessible to everyone.

Kai Huang, Sr Product Manager at Consensys, added that integrating top-rated providers to streamline tax reporting is an added benefit for MetaMask users, offering a secure, convenient, and easy-to-use solution.

MetaMask, developed by Consensys, is a widely adopted self-custody web3 platform trusted by a global user base for minting and collecting NFTs, joining DAOs, playing games, and participating in DeFi protocols.

Consensys, a leading blockchain and web3 software company, has been at the forefront of innovation in the web3 ecosystem since 2014, offering a suite of products that make web3 universally easy to use and develop on.

CoinLedger, founded in 2018, aims to reduce the friction of participating in the cryptocurrency ecosystem by simplifying tax reporting, providing a unified dashboard for users to track and monitor their cryptocurrency activity across various platforms, including trading, NFTs, and DeFi protocols.

The post CoinLedger and MetaMask Join Forces to Simplify Crypto Tax Reporting appeared first on Blockonomi.

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