what's Koinly?
Koinly is a cryptocurrency tax software platform designed to simplify the process of calculating and reporting taxes on crypto transactions. It automatically imports data from over 800 exchanges, wallets, and blockchains, including major ones like Coinbase, Binance, Ethereum, and Solana. The software tracks buys, sells, trades, staking rewards, airdrops, and NFT activities, computing capital gains, losses, and income in compliance with tax regulations across more than 20 countries, generating ready-to-file reports like IRS Form 8949 and Schedule D. Users connect their accounts via API or CSV uploads, and Koinly handles transaction matching, cost basis calculations using methods like FIFO or LIFO, and error detection for duplicates or missing data. It also offers portfolio tracking and NFT tax tools, making it suitable for both individual investors and high-volume traders. While a free tier allows previewing tax summaries, paid plans unlock full reports and advanced features, positioning Koinly as an essential tool for crypto tax compliance without requiring manual spreadsheets.
Koinly reported a potential email leak via Mixpanel, assuring crypto data remained secure.
Links
x.com/koinlyofficialDisclosed a potential email address leak due to a third-party service provider (Mixpanel) breach, while confirming that wallet, transaction, tax, and portfolio data were not shared with the affected third party.
Collaborates with Nansen to provide perks for Nansen Points holders, announces joint event on December 5th covering DeFi tax tooling and product updates.
Competitor Awaken launches migration tool enabling users to switch from Koinly and other tax platforms with a few clicks, actively promoted as game-changing feature by longtime Awaken user.
Longtime user reports platform fails to register Gnosis Chain USDC and wstETH tokens, switches to competitor Awaken for crypto tax services.
Competitive threat emerges as Awaken positions itself as superior alternative in crypto tax software space.
Controls 44.4% market share in crypto tax software space, leading nearest competitor by 27.2 percentage points.
Emerges as leading crypto tax solution by targeting advanced users with multiple wallets and high transaction volumes.