CryptoTax
Overview
CryptoTax(now Blockpit) is a cloud-based solution for managing and reporting crypto transactions. It is designed as a user-friendly web app for European and international markets.
Client
CryptoTax, acquired by Blockpit, is committed to decentralization and blockchain innovation. It offers advanced tax reporting solutions for private and institutional investors.
Problem
The client required a scalable web-based solution to calculate and report cryptocurrency taxes. The platform needed to support a wide range of crypto operations while integrating with multiple exchanges and wallets.
Solution
Our team developed CryptoTax's core taxation engine, covering various use cases like trades, deposits, withdrawals, staking, lending, ICOs, and hard forks. The backend handles complex workflows for tax report calculations and is deeply integrated with exchanges and wallets like Binance, Bitfinex, Coinbase, Poloniex, and Kraken. The web application was built with React and Redux, providing a responsive design and excellent user experience, allowing users to manage their tax reports efficiently.
Impact
The CryptoTax web app has made tax reporting for cryptocurrency users significantly easier and more accessible. Its responsive design and seamless integration with major exchanges have improved the user experience, enabling efficient tax management. The platform’s success led to its acquisition by Blockpit, further enhancing its capabilities and reach in the crypto tax space.
