CoinLedger, a popular tax reporting platform for cryptocurrency, DeFi, and NFT users, announced today its official integration with the Polygon blockchain (MATIC). This integration announcement was made shortly after the tax software boasted about its 300k users.
CoinLedger Announces Integration With Polygon Blockchain
“We are thrilled to expand our tax reporting and accounting capabilities to the Polygon ecosystem. The transaction volume and the sheer number of applications being built on top of Polygon are 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,” said David Kemmerer, Co-Founder, and CEO of CoinLedger.
This integration between CoinLedger and Polygon blockchain was announced today, July 18th. The integration appears to bring many benefits for both parties, mainly for the users of the Polygon blockchain.
Benefits Of The Integration With Polygon Blockchain
The integration comes with benefits such as Polygon blockchain users who interact with the network through dApps (decentralized applications) and wallets can now import their transaction history or records directly to CoinLedger to computerize all of their capital gains, losses, and income tax reporting.
Not only that, with the compatible nature of cryptocurrencies and digital assets, transfers across multiple different blockchains like Polygon could be a pain in the neck for some, especially when it comes to tax reporting.
CoinLedger, which is a leading cryptocurrency tax reporting platform, takes this pain away by incorporating directly with other top exchanges, wallets, and blockchains so as to allow any cryptocurrency user to track their digital-asset transaction history or record across the whole crypto-economy.
CoinLedger allows users to automatically import and account for all of their transaction records with just a click by simply allowing users to copy or paste their public Polygon wallet address to CoinLedger.
With that, users can create total capital gains, losses, and income tax reports from their historical transactions.
About CoinLedger
Founded in 2018, and built to reduce the resistance to participating in the cryptocurrency ecosystem by making tax reporting immensely possible and easy. CoinLedger is a cryptocurrency tax reporting platform that enables smooth tax reporting for members of the digital asset economy.
CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity by directly integrating with major exchanges, wallets, blockchains, and NFT platforms.
CoinLedger can trail users’ portfolios and report their taxes easily, whether their trading cryptocurrencies, buying and selling NFTs, or staking or earning interests on DeFi protocols.
Uses Of CoinLedger
CoinLedger can be used to import crypto transactions from whatever wallet or exchange a user uses. CoinLedger can be used to export historical transaction data or records. The tax reporting platform integrates directly with a user crypto or DeFi platform to make it easy to import their historical transactions.
CoinLedger can also be used to export transaction files with ease. Users can download their completed tax forms to file themselves, send them to their accountant, or import them into their preferred filing software.
