CoinLedger, a global leading crypto tax-reporting platform, has announced its latest partnership with MetaMask, the leading Web3 self-custody wallet provider. As a result of this partnership, users of MetaMask Portfolio now have the ability to sync their MetaMask transaction history with CoinLedger to enable automatic tax reporting.
“We are extremely excited to be bringing CoinLedger’s advanced tax reporting capabilities to the MetaMask customer base,” said David Kemmerer, CEO and Co-Founder of CoinLedger. “By reducing the friction associated with calculating and reporting taxes, we’re making the cryptocurrency ecosystem more accessible to everyone.”
“Integrating top-rated providers to streamline tax reporting is an added benefit for MetaMask users, in a way that’s secure, convenient, and easy to use.” added Kai Huang, Sr Product Manager at Consensys.
The interoperable nature of cryptocurrencies and digital assets, with transfers into and out of different blockchain ecosystems, can create challenges for users, especially when it comes to tracking gains and losses—which is necessary for tax reporting. CoinLedger addresses this by integrating with hundreds of leading exchanges, wallets, and blockchains to allow any cryptocurrency user to track their digital-asset transaction history across the crypto-economy.
MetaMask Portfolio allows users to track their crypto holdings within a single dashboard. By integrating with CoinLedger, users can now sync their transaction history with CoinLedger’s tax reporting software in a single click. This integration automates the cumbersome process of calculating capital gains, losses, and income associated with a user’s cryptocurrency activity from their MetaMask wallet.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!
