KEY TAKEAWAYS
- Bybit partners with Crypto Tax Calculator to enhance tax compliance for its users.
- The partnership offers Bybit users a 30% discount on CTC’s tax services for the first year.
- CTC’s platform supports over 3,500 integrations and complies with tax regulations in more than 100 countries.
- This collaboration simplifies tax reporting, allowing users to focus on trading activities.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Crypto Tax Calculator (CTC), a prominent entity in crypto tax reporting. This collaboration, detailed here, positions CTC as the fourth official tax partner for Bybit users, joining Koinly, Cryptact, and KoinX. The partnership aims to provide users with seamless access to comprehensive and compliant tax reporting solutions.
Through this partnership, Bybit users will have access to CTC’s advanced tax calculation platform, which supports over 3,500 integrations and serves more than 100 jurisdictions globally. The platform is fully integrated with Bybit’s API, allowing for automated tax report generation directly from users’ Bybit wallet metadata. New CTC customers who are Bybit users will benefit from a 30% discount on their first-year subscription, facilitating easier tax compliance.
Comprehensive Tax Reporting Features
CTC’s platform is designed to manage a wide range of crypto activities, from traditional exchange trading to complex on-chain transactions, including those involving DeFi protocols and NFTs. The platform generates accountant-endorsed reports that comply with tax regulations in over 100 countries. Rated 4.8 out of 5 on Trustpilot, CTC offers several key features:
1. Multi-jurisdiction support: Tax reports compliant with regulations in over 100 countries.
2. Comprehensive integration: Support for 3,500+ platforms and protocols.
3. Advanced transaction handling: Coverage of exchange trading, DeFi, staking, NFTs, and more.
4. Professional-grade reporting: CPA-endorsed tax reports suitable for tax filing.
Streamlined Integration for Bybit Users
The integration between CTC and Bybit has been refined through collaboration with Bybit’s engineering team to ensure optimal performance and accuracy. Users can access their Bybit transaction data via API connection or CSV file upload, offering flexibility in managing their tax reporting workflow.
As cryptocurrency adoption continues to grow globally, asset holders face increasingly complex tax compliance challenges. Manual calculations can lead to costly errors and regulatory scrutiny. This partnership provides Bybit users with institutional-grade tax reporting tools, enabling them to focus on trading rather than managing spreadsheets during tax season.
To access the CTC platform on Bybit, users can log in to their Bybit account and visit the official tax partner page on Bybit.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s partnership with Crypto Tax Calculator (CTC) aims to enhance tax compliance for its users by providing seamless access to advanced tax reporting tools. This collaboration is part of a broader trend where cryptocurrency exchanges are increasingly integrating tax solutions to meet growing regulatory demands.
A recent industry report highlights the trend of increased global taxation and regulatory clarity in the cryptocurrency sector. This aligns with Bybit’s strategic move to partner with CTC, which provides users with compliant tax reporting solutions across multiple jurisdictions. The integration with CTC is a response to the intensified enforcement efforts and growing need for transparency in crypto taxation.
Insights from a Clark Hill report emphasize the necessity of updated tax frameworks and streamlined reporting tools to address the complexities of the evolving crypto ecosystem. This supports Bybit’s initiative to offer institutional-grade tax reporting tools, helping users navigate the 2025 regulatory landscape more effectively.
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