Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations Nexo, a lending platform that provides instant crypto loans,
has partnered with Koinly to simplify user’s tax reporting. Effective November 30, 2023,
the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that the partnership will streamline
the crypto tax reporting and preparation of financial statements. Further,
Koinly allows Nexo users to cater to their specific transaction histories and tax obligations through the Nexo app. Nexo clients can also access custom country-wise
tax reports for over 100 jurisdictions. “Our partnership with Koinly reflects our dedication to providing holistic financial solutions and empowering our clients to make informed financial decisions,” said
Antoni Trenchev, co-founder and Managing Partner of Nexo.
Additionally,
the company noted that the service automates accurate tax reports, simplifying tax complications and reducing human error. Nexo users can avail the service
for free up to 800 transactions annually. For users exceeding this transaction volume,
a 30% discount is offered on Koinly.
