The goal of the partnership is to help investors and traders with accurate tax return preparation
Voyager Digital Canada, a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, announced that it has partnered with Silver Cost Basis (“Silver”), a leading provider of regulatory cost basis processing solutions, to deliver year-end cryptocurrency gain/loss statements to its customers. The partnership enhances Voyager’s already outstanding client experience by providing investors and traders with gain/loss information for use in preparing accurate tax returns.
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“Silver’s cryptocurrency cost basis processing solution further extends our user experience by providing real-time gain/loss analysis and fully compliant investor tax information that otherwise, may or may not have been realized,” explains Steve Ehrlich, CEO and co-founder of Voyager Digital. “Our integration with Silver helps Voyager to continue to deliver on our goal to offer a fully transparent crypto trading platform that puts the customer first.”
For more than a decade, Silver has been recognized for its industry-leading regulatory securities cost basis processing solutions. Building on its proven track record of compliance and innovation, Silver has emerged as the leader in the cryptocurrency cost basis space. Silver Cost Basis applies regulatory treatment for cryptocurrency activity under established taxation rules and guidance, including Notice 2014-21 and the more recent Revenue Ruling 2019-24 and updated FAQs. The Company previously announced that it had partnered with Voyager to provide cryptocurrency cost basis tax analysis and processing for Voyager customers.
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