Last Updated: December 17, 2024
• CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, has announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos.
• This expanded support aims to streamline the digital asset tax filing process, and enable the use of cryptocurrency with peace of mind.
• CoinTracker is expanding its solution to provide support for users across Arbitrum, Optimism, and Cosmos to insulate users from manually monitoring complex transactions across these blockchains.
CoinTracker Announces Multichain Expansion
CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers, today announced its multichain expansion to provide support for Arbitrum, Optimism, and Cosmos. Starting today, users across these chains are now equipped with CoinTracker’s seamless crypto tax filing and portfolio tracking solution.
Goal of Expansion
The expanded support aims to streamline the digital asset tax filing process, and enable the use of cryptocurrency with peace of mind. Despite the growth surges across these chains, tax filing solutions for users remain siloed to individual chains. As users move beyond individual chains and explore multichain wallets, it’s crucial they are equipped with tax filing solutions that support activity across multiple blockchains.
Growing Popularity
Since January Arbitrum, Optimism, and Cosmos have experienced substantial growth, increasing their established popularity. Arbitrum and Optimism now combine to process more transaction volume than Ethereum – with their combined total value locked (TVL) representing almost 80% of the entire Layer-2 ecosystem. Cosmos represents one of the most prominent chains within the blockchain ecosystem, and home to major DEXs including Osmosis. However, tax filing solutions had previously been siloed to individual chains blocking dedicated Web3 users from being able to fully access meaningful support.
Advanced Support
The increasing trend toward multichain wallets requires tools that simplify end-to-end cryptocurrency tax filings. To this end CoinTracker is expanding its solution to provide advanced support for users across Arbitrum ,Optimism ,and Cosmos insulating them from manually monitoring complex transactions across these blockchains .
Quote From COO
“At CoinTracker,” said Vera Tzekovenia ,COO at CoinTracker ,”we’re laser-focused on building products so users can track all crypto activity quickly with ease regardless of platform or token .We’re thrilled widen our integration breadth even further specifically deepening our product focus on sovereign future building robust chain.”
