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CoinTracker’s cryptocurrency tax solution is now available on the Arbitrum, Optimism, and Cosmos blockchains.
This support is designed to streamline the digital asset tax filing process.
This solution makes it easy to synchronize transactions across these blockchains.
CoinTracker, the market leader in consumer-facing cryptocurrency tax and portfolio tracking, announced Thursday, February 16, that it has added support for Arbitrum, Optimism, and Cosmos.
In a press release shared with Coinjournal, CoinTracker said that starting today, users of these chains will have a seamless crypto tax filing and portfolio tracking solution.
The company added that the support is designed to streamline the digital property tax filing process and make cryptocurrency use worry-free. CoinTracker added that this support protects users of these three chains from manually overseeing complex transactions across these blockchains.
Our support for these three blockchains is thanks to our massive track record over the past few months. According to CoinTracker, the combination of Arbitrum and Optimism allows it to handle a higher transaction volume than Ethereum, and their combined Total Value Locked (TVL) accounts for almost 80% of the total Layer 2 ecosystem. increase.
Additionally, Cosmos has become one of the leading chains within the blockchain ecosystem, housing some of the most popular decentralized exchanges, including Osmosis.
Commenting on this latest cryptocurrency news, CoinTracker COO Vera Tzekovenia said:
At CoinTracker, we focus on building our product so that users can easily and quickly track all their cryptocurrency activity, regardless of platform or token. We are thrilled to specifically deepen our focus on the products we have created, building robust on-chain integrations to allow our users to explore these crypto innovations with peace of mind.
The CoinTracker solution supports 3 blockchains in the following ways:
Arbitrum Automatic Sync: Automatically synchronize transactions with Arbitrum. This includes any new transactions that have occurred.
Optimism Automatic Sync: Automatically synchronize user transactions with Optimism. This includes any new transactions that have occurred.
Cosmos Automatic Sync: Import user activity from Cosmos Hub and automatically tag ATOM staking rewards.
Cosmos and Optimism coins have shown good performance over the last 24 hours. At the time of writing, Cosmos is priced at $13.86, up more than 2% in the last 24 hours. Optimism, on the other hand, has so far increased its value by more than 13%.
CoinTracker is a leading consumer cryptocurrency portfolio tracking and tax compliance solutions provider. The company leverages the best technology and partnerships to deliver the highest levels of precision, simplicity and value year-round.
