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CoinTracker Hits 100K Users; Announces Six New Partnerships

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As per the latest reports, CoinTracker has surpassed the landmark of 100,000 users. The Cryptocurrency portfolio tracker and tax calculator have also landed by six new partnerships over the last month. Apart from the existing partnerships with Coinbase and Turbotax, CoinTracker has now collaborated with Casa, Compound, Crypto.com, ErisX, IDEX, and Lolli. 

About the Partnerships

As a part of its collaboration with Casa, CoinTracker is offering users with multi-signature facility. On the other hand, the partnership with Crypto.com is aimed to enable users to report cryptocurrency holdings. 

While ErisX users will be able to directly share CoinTracker profile to tax professionals, the tie-up will Lolli will allow users to import transaction history CSVs directly into CoinTracker.

Growth of CoinTracker Amid COVID-19 Pandemic

Chandan Lodha, co-founder of CoinTracker confirmed the news of crossing 100,000 users through a blog post yesterday. He is of the opinion that the bear market due to COVID-19 has acted as a catalyst in the recent growth of CoinTracker. Having said that Chandan seemed pretty optimistic about the future of crypto.

He commented, “What we have uniquely seen with cryptocurrency though, is a surge of retail demand for new users trying to buy the dip. Along with this surge in demand has been increased desire from cryptocurrency platforms to have a compliant tax solution for their users.”

Chandan also stressed on the fact that, despite a lot of skepticism around the credibility of cryptocurrency, the future is pretty bright. He said that crypto is gaining credibility with more number of everyday people using it in a tax-compliant manner. 

He concluded by assuring users about the ease with which they can use crypto in the very near future –  “We are also helping users sync over 175,000 connected wallets and exchanges, and over $20B in cryptocurrency transaction volume. One of the figures we are most proud of is the $600M+ that we have helped users claim in capital losses on their taxes.”

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