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Revolut revamps tax reporting for crypto customers

By Dalvinder Kular

Revolut has partnered with Koinly to make tax reporting “easier” for cryptocurrency customers.

The service from tax reporting platform Koinly provides a report that integrates crypto assets and trading activities held on other platforms.

It is available in 34 markets and can support over 170 blockchains and 1,700 tokens.

Mazen Eljundi, global business head of crypto at Revolut said that filing taxes for crypocurrency and other digital assets could be a challenge for many customers.

“We are confident that the crypto tax service offered through our partnership with Koinly will make this legally required activity easier, less stressful, and more accessible to all,” added Eljundi. “We want to be the most responsible provider of crypto services, helping our users to onboard to web 3 whilst building a safer and compliant eco-system in the crypto industry.”

Koinly customers will get a 60 per cent discount on the first report purchased for users with less than 250 transactions linked in their account. In all other cases, a 20 per cent discount will be applied.

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Revolut revamps tax reporting for crypto customers


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