CoinTracker expands its crypto tax answer to Arbirtrum, Optimism, and Cosmos

• CoinTracker’s cryptocurrency tax answer is now obtainable on the Arbitrum, Optimism, and Cosmos blockchains.

• The assist is designed to streamline the digital asset tax submitting course of.

• The answer will make it simpler to sync transactions throughout these blockchains. 

CoinTracker’s answer is now obtainable on three blockchains

CoinTracker, the market chief in cryptocurrency tax and portfolio monitoring for customers, introduced on Thursday, February sixteenth, that it had added assist for Arbitrum, Optimism, and Cosmos. 

In a press launch shared with Coinjournal, CoinTracker stated beginning as we speak, customers throughout these chains are actually geared up with its seamless crypto tax submitting and portfolio monitoring answer.

The corporate added that the assist is designed to streamline the digital asset tax submitting course of and allow using cryptocurrency with peace of thoughts. CoinTracker added that the assist would defend customers throughout these three chains from manually monitoring complicated transactions throughout these blockchains.

The assist for these three blockchains comes because of their large document over the previous few months. In accordance with CoinTracker, Arbitrum and Optimism now mix to course of extra transaction quantity than Ethereum, with their mixed complete worth locked (TVL) representing virtually 80% of the complete Layer-2 ecosystem. 

Moreover, Cosmos has develop into one of many main chains throughout the blockchain ecosystem and homes among the hottest decentralised exchanges, together with Osmosis. 

CoinTracker seeks to assist customers calculate crypto taxes

Whereas commenting on this newest cryptocurrency information, Vera Tzekovenia, COO at CoinTracker, stated;

“At CoinTracker, we’re laser-focused on constructing merchandise so customers can observe all crypto exercise rapidly with ease, whatever the platform or token. We’re thrilled to widen our integration breadth even additional and particularly deepen our product give attention to the sovereign future — constructing sturdy chain integrations in order that customers can discover these crypto improvements with peace of thoughts.”

The CoinTracker answer will present assist to the three blockchains within the following methods;

• Arbitrum Computerized Sync: mechanically sync transactions on Arbitrum, together with new transactions as they happen.

• Optimism Computerized Sync:  mechanically sync consumer transactions on Optimism, together with new transactions as they happen.

• Cosmos Computerized Sync: import consumer exercise from the Cosmos Hub and mechanically tag any ATOM staking rewards.

The Cosmos and Optimism cash have been performing properly during the last 24 hours. At press time, the worth of Cosmos stands at $13.86, up by greater than 2% within the final 24 hours. In the meantime, Optimism has added greater than 13% to its worth to this point as we speak.

CoinTracker is a number one crypto portfolio monitoring and tax compliance answer supplier for customers. The corporate leverages the most effective know-how and partnerships to ship the best degree of accuracy, simplicity and worth year-round.