Bybit has enhanced its tax reporting tools by announcing a new partnership with Crypto Tax Calculator, aimed at easing tax compliance for users across the globe.
Partnership and Tax Reporting Tools
Bybit has announced a strategic partnership with Crypto Tax Calculator (CTC), making CTC the fourth official tax partner for the exchange. This collaboration aims to simplify tax compliance for millions of Bybit users.
Features and Capabilities of CTC
Through the integration with CTC, Bybit users can generate automated tax reports using the CTC platform, which connects directly to the exchange's API. The platform supports over 3,500 protocols and complies with tax laws in over 100 jurisdictions. It covers a wide range of crypto activities, including spot and derivatives trading, DeFi operations, NFT transactions, and staking.
Tax Compliance Landscape in Crypto Market
The partnership with CTC highlights one of the most pressing issues facing the crypto industry: complex tax regulations across decentralized platforms. Bybit is addressing this challenge head-on, positioning itself not just as a trading hub, but as a comprehensive ecosystem that supports users through the entire investment lifecycle.
The partnership between Bybit and Crypto Tax Calculator demonstrates the growing need for simplifying tax compliance in the crypto industry. This initiative will significantly impact users looking to reduce the burden associated with tax obligations.
