Investment Builds Upon Recently Announced
Partnership between the Leading Crypto and Tax Platforms;
Reinforces Commitment to Streamlining and Simplifying Crypto Tax
Reporting for its Users
AUSTIN, Texas, Feb. 2, 2022 /PRNewswire/ - CoinLedger
(rebranding from CryptoTrader.Tax), a leading tax reporting
platform for cryptocurrency, DeFi, and NFT users, today announced a
strategic investment from Voyager Digital Ltd. ("Voyager" or the
"Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) one of the
fastest-growing, publicly-traded cryptocurrency platforms in
the United States. Today's news
comes on the heels of the recently announced partnership between
the two companies, which will bring free tax tools to Voyager
customers for the 2021 tax year.
"We are thrilled to announce Voyager Digital's investment in
CoinLedger, which only reinforces the shared vision amongst the two
companies," said David Kemmerer,
CEO, and co-founder of CoinLedger. "What's most exciting is that
our partnership with Voyager goes beyond this investment, which we
plan to use for strategic growth as we continue to scale the team,
product offerings, and more."
The interoperable nature of cryptocurrencies and digital assets,
with transfers into and out of platforms such as Voyager, can
create tax challenges for users, especially when it comes to
tracking cost basis—which is necessary for capital gains tax
reporting. CoinLedger, a leading tax-reporting platform for
cryptocurrency, DeFi, and NFT users, addresses this by integrating
directly with leading exchanges, wallets, and blockchains to allow
any cryptocurrency user to track their digital-asset transaction
history across the crypto-economy.
Voyager customers will be able to use the CoinLedger platform as
early as the upcoming 2021 tax year to import their cryptocurrency
transactions and get capital gains, losses, and income reports.
These reports can be imported into tax filing software such as
TurboTax or sent off to tax professionals to facilitate easier tax
filing.
"Voyager Digital is excited to invest in CoinLedger to help,
among other things, to bring tax filing support capablities to
Voyager customers and also support the company's leadership team
execute their long-term strategic vision," said Steve Ehrlich, CEO, and co-founder of Voyager.
"We're also eager to officially roll out our partnership, making it
much easier for our users to track and report their cryptocurrency
taxes."
About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX:
VOYG) (OTCQX: VYGVF) (FRA: UCD2) is a fast-growing, publicly-traded
cryptocurrency platform in the United
States founded in 2018 to bring choice, transparency, and
cost-efficiency to the marketplace. Voyager offers a secure way to
trade over 65 different crypto assets using its easy-to-use mobile
application, and earn rewards of up to 12 percent annually on more
than 30 cryptocurrencies. Through its subsidiary Coinify ApS,
Voyager provides crypto payment solutions for both consumers and
merchants around the globe. To learn more about the company, please
visit https://www.investvoyager.com.
About CoinLedger
CoinLedger (formerly
CryptoTrader.Tax) enables seamless portfolio tracking and tax
reporting for participants of the digital asset economy. Founded in
2017, CoinLedger was built to reduce the friction of participating
in the cryptocurrency ecosystem by making tax reporting as simple
as possible. 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. Whether you're trading cryptocurrencies, buying and
selling NFTs, or staking on DeFi protocols, CoinLedger makes
tracking your portfolio and reporting your taxes more
straightforward than ever. For more information, visit
https://cryptotrader.tax/world-meet-coinledger.
The TSX has not approved or disapproved of the information
contained herein.
SOURCE Voyager Digital, Ltd.
Press Contacts
CoinLedger
Amy
Camp
CoinLedger Communications
202-270-1783
Amy@CoinLedger.io
Voyager Digital, Ltd.
Michael
Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com
Voyager Public Relations Team
pr@investvoyager.com
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SOURCE Voyager Digital (Canada)
Ltd.
