Cryptocurrency Tax Software Provider, Coinledger, Announces Integration With Polygon Blockchain

Popular cryptocurrency tax software, boasting over 300,000 users, now supports seamless tax reporting for users of the Polygon (MATIC) blockchain.

CoinLedger, a leading tax reporting platform for cryptocurrency, DeFi, and NFT users, announced its official integration with the Polygon blockchain (MATIC). Users who interact with Polygon via decentralized applications and wallets can now import their transaction history directly to CoinLedger to automate all of their capital gains, losses, and income tax reporting.

Latest Fintech News: Paystand Launches the World’s First AR-Centric Dynamic Discounting Application, Powered by Blockchain Smart Contracts

“We are thrilled to expand our tax reporting and accounting capabilities to the Polygon ecosystem,” said David Kemmerer, Co-Founder and CEO of CoinLedger. “The transaction volume and sheer number of applications being built on top of Polygon is astounding. We couldn’t be more excited about helping to unlock even more innovation within the ecosystem by reducing the friction associated with transacting on Polygon—through seamless tax reporting for all.”

Latest Fintech News: Blackhawk Network Retail Partners Alongside Independent Software Vendors

The interoperable nature of cryptocurrencies and digital assets, with transfers across different blockchains like Polygon, can create tax reporting nightmares for individuals. CoinLedger solves this problem by integrating directly with leading exchanges, wallets, and blockchains to allow any cryptocurrency user to track their digital-asset transaction history across the entire crypto-economy.

By simply copy/pasting their public Polygon wallet address to CoinLedger, users can now automatically import and account for all of their historical transactions with the click of a button. From here, they can generate complete capital gains, losses, and income tax reports from their transaction history.

Latest Fintech News: Vroom Announces Pricing of UACC Auto Loan Securitization

[To share your insights with us, please write to sghosh@martechseries.com]