CRYPTOCURRENCY AND WEB3 TAX SOFTWARE PROVIDER, COINLEDGER, RAISES $6 MILLION IN FUNDING

AUSTIN, Texas, Feb. 2, 2022 /PRNewswire/ -- (rebranding from CryptoTrader.Tax), a leading tax-reporting platform geared toward assisting cryptocurrency, DeFi, NFT, and Web3 users with simple tax reporting solutions, announced today that it secured $6 Million in its latest financing round. This funding comes from a growing list of strategic corporate and high-profile individual investors, including CMT Digital, , , , (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), Adam White (Co-Founder of Bakkt), and Mike Dudas (Founder of The Block). "As the cryptocurrency industry has evolved, the lack of simple, user-friendly crypto tax and accounting software, specifically for DeFi users, has become more than problematic," said David Kemmerer, CEO, and Co-Founder of CoinLedger. The interoperable nature of cryptocurrencies and digital assets, with transactions scattered across multiple wallets, exchanges, and protocols, makes it extremely difficult for crypto investors to keep track of their holdings and accurately prepare and pay their taxes. By directly integrating with major exchanges, wallets, blockchains, and NFT platforms, CoinLedger provides a unified dashboard for users to track and monitor their cryptocurrency activity.