Koinly recently announced a partnership with NEAR Protocol. The announcement was made on Koinly’s official X account.
The recent partnership aims to simplify the tax process for global crypto usage. Koinly’s tweet sheds some light on how it will happen:
Seamless integration: Users can get started on their crypto tax journey by simply signing up with Koinly. Once done, they can connect their NEAR wallet using the public address. No CSV import or manual data entry is required.
Automated calculations: Users no longer have to perform laborious tasks using Koinly’s cryptocurrency tax tool. The tool automatically calculates the losses, income and profits generated from NEAR transactions.
Effortless tax reporting: Users can generate an in-depth tax report using the Koinly crypto tax tool. It ensures that customers receive all the necessary documentation to file their taxes with confidence and ease.
The partnership marks a huge step in the crypto community. Koinly has one of the best crypto tax instruments on the market. Now that it has joined hands with NEAR, its market reach will increase exponentially.
NEAR is well on its way with new updates and partnerships. The protocol recently added another shard to its mainnet and plans to add another in the coming week.
As for the partnership, users can expect the parties to launch new initiatives if they succeed. Koinly can build new features tailored to NEAR-based transactions, such as gas fees or receiving rewards.
Moreover, there is a chance that Koinly may even offer direct integration with tax preparation services. Overall, the partnership represents a positive step toward making the crypto tax domain simple for the NEAR and the general crypto community.