CoinLedger announces Polygon integration

CoinLedger, one of the largest tax reporting platforms for NFT, DeFi, and cryptocurrency users, has been officially integrated with the Polygon blockchain. press release..

Users who now operate Polygon through wallets and dApps can automate income tax, capital gains, and loss reporting.

Direct integration with major exchanges, wallets and blockchains

CoinLedger was founded in 2018 with the goal of limiting friction when participating in the crypto ecosystem by simplifying tax reporting as much as possible. At the time of writing, there were 300,000 users.

With multi-chain transfers, tax reporting can be a nightmare due to the interoperability of digital assets and cryptocurrencies.

CoinLedger solves this problem by integrating directly with major chains, wallets and exchanges, allowing all cryptocurrency users to track the transaction history of their digital assets across the crypto ecosystem.

David Kemmerer, Co-founder and CEO of CoinLedger, said:

We are pleased to extend our accounting and tax reporting capabilities to the Polygon ecosystem. The myriad of apps built on Polygon and their transaction volume are staggering. We are excited to unleash more innovation within the ecosystem by providing seamless tax reporting to everyone.

Automatic transaction import

Users can simply copy and paste the Polygon wallet address into CoinLedger to import all historical transactions and explain them automatically. They can generate a complete income tax report and reports on capital gains and losses from it.