• 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 mentioned beginning at the moment, customers throughout these chains at the moment are outfitted 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 the usage of cryptocurrency with peace of thoughts. CoinTracker added that the assist would shield customers throughout these three chains from manually monitoring advanced transactions throughout these blockchains.

The assist for these three blockchains comes because of their huge 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 your complete Layer-2 ecosystem. 

Moreover, Cosmos has change into one of many main chains inside the blockchain ecosystem and homes a number of 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, mentioned;

“At CoinTracker, we’re laser-focused on constructing merchandise so customers can observe all crypto exercise shortly with ease, whatever the platform or token. We’re thrilled to widen our integration breadth even additional and particularly deepen our product deal with the sovereign future — constructing strong 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 Automated Sync: robotically sync transactions on Arbitrum, together with new transactions as they happen.

• Optimism Automated Sync:  robotically sync person transactions on Optimism, together with new transactions as they happen.

• Cosmos Automated Sync: import person exercise from the Cosmos Hub and robotically tag any ATOM staking rewards.

The Cosmos and Optimism cash have been performing properly over the past 24 hours. At press time, the value 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 up to now at the moment.

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