CoinTracker, a provider of crypto tax compliance and accounting technology for enterprises and investors, has launched its Broker Tax Compliance Suite, a crypto-native tax reporting solution purpose built to meet the needs of crypto brokers and exchanges under new reporting regulations.
At time of launch, CoinTracker said its new suite of tools has been selected by crypto exchange Coinbase to provide crypto tax compliance infrastructure, including automated Form 1099-DA reporting under new IRS regulations affecting brokers and embedded consumer tax reporting for its user base.
Designed for the complexities of crypto markets, the tax reporting technology suite enables crypto brokers and exchanges to comply with new IRS Section 6045 regulations with accuracy and ease while delivering a seamless user experience to customers, the San Francisco-based company said in an Oct. 29 media release.
The suite of tools equips digital asset brokers and exchanges to meet new regulations that went into effect on Jan. 1, 2025, which require brokers to report certain crypto transactions to the IRS in 2026 using Form 1099-DA. The technology suite enables brokers to meet all information reporting obligations by providing automated 1099-DA reporting covering all IRS and state requirements.
The suite of tools also includes a consumer tax center, enabling brokers and exchanges to offer embedded tax reporting functionality to their end users, helping to increase user loyalty and trust.
“By implementing CoinTracker’s embedded tax technology, brokers can empower their crypto trader user base to meet their own personal tax reporting requirements and file personal returns accurately,” the company said. “The tool enables brokers to automatically fill critical gaps that end users will face when filing their crypto taxes, including accurate cost-basis reporting, which presents a complex data challenge.”
“The top concern for crypto brokers and exchanges today is how to stay compliant and deliver peace of mind to users in a rapidly evolving regulatory landscape. Compliance isn’t just about ticking boxes, it’s about building trust through transparency, accuracy, and user experience. That’s exactly what CoinTracker’s Broker Tax Compliance Suite was built to deliver,” added Jon Lerner, CEO and co-founder of CoinTracker. “With our technology, brokers can turn compliance into a competitive advantage by simplifying complex reporting and elevating user trust. They can also solve the problem of working out the cost basis on transfers—an issue that we know is currently top of mind for institutions and crypto traders alike.”
More information about CoinTracker can be found here.
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