Coinledger partners with Base to offer automatic tax

CoinLedger, a leading crypto tax-reporting platform, has announced its integration with Coinbase's Base blockchain just one week after the mainnet launch. Geared towards reducing the complexity associated with on-chain tax reporting, CoinLedger's Base integration equips users of the new blockchain to seamlessly calculate gains, losses, and income associated with transactions happening on Base.

"We're extremely excited to be supporting the rollout of Base with CoinLedger's tax reporting engine," said David Kemmerer, CEO and Co-Founder of CoinLedger. "We believe that the majority of crypto transactions will move on-chain in the years ahead, and we've positioned our product offerings to be the best-in-class for these use cases."

The interoperable nature of cryptocurrencies and digital assets, with transfers into and out of different blockchain ecosystems, can create tax challenges for users, especially when it comes to tracking cost basis—which is necessary for capital gains tax reporting. CoinLedger addresses this by integrating with hundreds of leading exchanges, wallets, and blockchains to allow any cryptocurrency user to track their digital-asset transaction history across the crypto-economy.

Users of Base can test CoinLedger's newly launched integration completely for free.