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We are excited to announce that Kryptos, a portfolio tracking and crypto tax software is now available for Arbitrum – One and Nova. As the app goes live on the network, it's set to transform how users currently deal with Arbitrum taxes and boost further crypto adoption.
Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum.
Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 65%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
An AnyTrust solution, Arbitrum Nova is a Ethereum Layer-2 scaling solution ideal for gaming, metaverse and socialfi projects, enabling instant confirmation and <$0.01 transactions with minimal trust assumptions. Since August 2022, Arbitrum Nova has been the home for Reddit community token holders from r/Cryptocurrency and r/FortniteBR.
And now with Kryptos, managing your taxable digital assets across these 400+ DeFi and NFT projects live on Arbitrum has never been easier.
There were up to 83.4 million registered blockchain wallets in 2022 with more than 247,968 transactions every day. With so many crypto transactions happening around the world, taxes still remain a grey area.
Kryptos’s fast, simple, and reliable crypto tax solution to overcome this hurdle. The app empowers crypto users with the necessary tools to easily manage their assets and sort all the legal compliances.
The crypto tax software serves crypto investors, enterprises, and public institutions with a wide range of integrations – supporting more than 2000+ DeFi protocols, 50+ Blockchains, 100+ wallets & exchanges, and even NFTs & DeFi protocols.
So whether one is staking or lending, or if the portfolio includes NFTs or DeFi – the platform allows users to manage all transactions in one place and calculates crypto taxes automatically in minutes.
“We are so excited to announce our integration with Arbitrum, a powerful layer 2 scaling solution for Ethereum. By integrating our crypto tax software with Arbitrum's wallet, we are enabling crypto users to simplify taxes and leverage tax benefits to enjoy a maximum of their Arbitrum assets. This integration also reflects our commitment to providing up-to-date and reliable tax support for our users." — Sukesh Kumar Tedla, Founder & CEO of Kryptos.
Packed with multiple features like auto-detection of transactions and tax-loss harvesting, the crypto tax software optimizes tax savings and ensures users never pay extra.
Apart from the massive integration support of 1000+ DeFi protocols and over 50+ blockchains, Kryptos allows users to auto-import wallet transactions through Direct API or CSV files.
Features like intelligent detection and categorizing of the transactions provide accurate analysis of these transactions, simplifying portfolio management. Users also get dedicated DeFi and NFT dashboards.
The app comes with inbuilt mechanisms that not just calculate tax liability but also recognize tax-saving events. This helps users save maximum taxes which otherwise may be missed out.
Once the wallets are auto-imported, users can access their portfolio and applicable taxes right from their dashboard. The app also allows users to download crypto tax reports that comply with their local country laws.
Crypto taxes are complicated, but not anymore. The Arbitrum integration is live on the Kryptos application and can be easily completed in just a few steps. For further details, refer to our guide here.
If you would like to calculate your crypto taxes, Sign Up on Kryptos now and avoid last-minute tax surprises.
Arbitrum Nova Integration Guide
Crypto Tax Guides For Different Countries
All content on Kryptos serves general informational purposes only. It's not intended to replace any professional advice from licensed accountants, attorneys, or certified financial and tax professionals. The information is completed to the best of our knowledge and we at Kryptos do not claim either correctness or accuracy of the same. Before taking any tax position / stance, you should always consider seeking independent legal, financial, taxation or other advice from the professionals. Kryptos is not liable for any loss caused from the use of, or by placing reliance on, the information on this website. Kryptos disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Thank you for being part of our community, and we're excited to continue guiding you on your crypto journey!
| Country | Issue | Kryptos Use Case |
|---|---|---|
| India | Cryptocurrency transactions are taxed as capital gains, with evolving legislation creating uncertainty. | Kryptos.io streamlines the process by automatically tracking transactions and computing capital gains, adjusting to new regulations for precise reporting. |
| Brazil | Cryptocurrencies are subject to capital gains tax and must be reported, posing challenges with complex requirements. | Kryptos.io simplifies compliance by offering real-time transaction tracking and detailed tax calculations, making it easier to meet Brazil’s tax obligations. |
| Nigeria | Regulatory framework for cryptocurrencies is evolving, with uncertainty around taxation and restrictions from the Central Bank. | Kryptos.io provides an adaptable solution by maintaining detailed records and generating flexible reports, helping users stay compliant despite regulatory changes. |
| USA | Cryptocurrency transactions are subject to capital gains tax, with detailed IRS reporting requirements. | Kryptos.io enhances compliance by automating the tracking of transactions and generating comprehensive tax reports, facilitating adherence to IRS requirements. |
| UK | Cryptocurrencies are taxed under both capital gains tax and income tax, requiring careful tracking and reporting. | Kryptos.io aids UK users by monitoring both capital gains and income from crypto transactions, ensuring accurate and straightforward tax reporting. |
| Australia | Cryptocurrencies are subject to capital gains tax, and users must report their gains and losses to the ATO. | Kryptos.io assists Australian users by providing seamless transaction tracking and precise capital gains calculations, ensuring efficient compliance with ATO reporting requirements. |
| Germany | Cryptocurrencies are taxed as private assets with gains subject to tax if held for less than a year. | Kryptos.io supports German users by tracking holding periods and computing taxes on cryptocurrency transactions, ensuring adherence to German tax regulations. |
| Japan | Cryptocurrency gains are treated as miscellaneous income and are subject to high tax rates. | Kryptos.io helps Japanese users by offering a detailed tracking system and calculating taxes on miscellaneous income, efficiently managing high tax obligations. |
| Scenario | Description | Kryptos Features that can be of aid |
|---|---|---|
| Multiple Exchanges and Wallets | Consolidating records from various exchanges and wallets to maintain a comprehensive overview of crypto activities. | Seamless integration with numerous exchanges and wallets, automatic import, and consolidation of records. |
| International Transactions | Managing records for cross-border transactions, including currency conversions and compliance with international tax laws. | Support for multiple currencies, efficient management of cross-border activities, accurate currency conversion for reporting. |
| Complex Transactions | Handling trades, swaps, staking, lending, and other sophisticated crypto activities. | Advanced tracking, reporting, and documentation for various transaction types. Kryptos' DeFi and NFT modules offer specialized tools for managing decentralized finance and NFT activities, ensuring precise records and comprehensive oversight. |
As Web3 evolves, managing a diverse portfolio has become complex. Kryptos simplifies this with advanced tools for real-time tracking, NFT management, and DeFi analytics. Discover how Kryptos turns challenges into strategic advantages for modern investors.
Struggling with crypto tax in Australia? Kryptos.io simplifies the process, ensuring accurate and compliant filings with the ATO. Track transactions and value assets effortlessly—make tax season stress-free.
Mastering Crypto Taxation: Navigate the Complex World of Digital Assets with Kryptos, the Ultimate Solution for Accurate, Efficient, and Future-Proof Tax Reporting.
We are excited to announce that Kryptos, a portfolio tracking and crypto tax software is now available for Arbitrum – One and Nova. As the app goes live on the network, it's set to transform how users currently deal with Arbitrum taxes and boost further crypto adoption.
Arbitrum One is a leading Ethereum Layer-2 scaling solution developed by Offchain Labs. An Optimistic Rollup, Arbitrum One provides ultra-fast, low-cost transactions with security derived from Ethereum.
Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 65%+ TVL in the L2 segment. 400+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.
An AnyTrust solution, Arbitrum Nova is a Ethereum Layer-2 scaling solution ideal for gaming, metaverse and socialfi projects, enabling instant confirmation and <$0.01 transactions with minimal trust assumptions. Since August 2022, Arbitrum Nova has been the home for Reddit community token holders from r/Cryptocurrency and r/FortniteBR.
And now with Kryptos, managing your taxable digital assets across these 400+ DeFi and NFT projects live on Arbitrum has never been easier.
There were up to 83.4 million registered blockchain wallets in 2022 with more than 247,968 transactions every day. With so many crypto transactions happening around the world, taxes still remain a grey area.
Kryptos’s fast, simple, and reliable crypto tax solution to overcome this hurdle. The app empowers crypto users with the necessary tools to easily manage their assets and sort all the legal compliances.
The crypto tax software serves crypto investors, enterprises, and public institutions with a wide range of integrations – supporting more than 2000+ DeFi protocols, 50+ Blockchains, 100+ wallets & exchanges, and even NFTs & DeFi protocols.
So whether one is staking or lending, or if the portfolio includes NFTs or DeFi – the platform allows users to manage all transactions in one place and calculates crypto taxes automatically in minutes.
“We are so excited to announce our integration with Arbitrum, a powerful layer 2 scaling solution for Ethereum. By integrating our crypto tax software with Arbitrum's wallet, we are enabling crypto users to simplify taxes and leverage tax benefits to enjoy a maximum of their Arbitrum assets. This integration also reflects our commitment to providing up-to-date and reliable tax support for our users." — Sukesh Kumar Tedla, Founder & CEO of Kryptos.
Packed with multiple features like auto-detection of transactions and tax-loss harvesting, the crypto tax software optimizes tax savings and ensures users never pay extra.
Apart from the massive integration support of 1000+ DeFi protocols and over 50+ blockchains, Kryptos allows users to auto-import wallet transactions through Direct API or CSV files.
Features like intelligent detection and categorizing of the transactions provide accurate analysis of these transactions, simplifying portfolio management. Users also get dedicated DeFi and NFT dashboards.
The app comes with inbuilt mechanisms that not just calculate tax liability but also recognize tax-saving events. This helps users save maximum taxes which otherwise may be missed out.
Once the wallets are auto-imported, users can access their portfolio and applicable taxes right from their dashboard. The app also allows users to download crypto tax reports that comply with their local country laws.
Crypto taxes are complicated, but not anymore. The Arbitrum integration is live on the Kryptos application and can be easily completed in just a few steps. For further details, refer to our guide here.
If you would like to calculate your crypto taxes, Sign Up on Kryptos now and avoid last-minute tax surprises.
Arbitrum Nova Integration Guide
Crypto Tax Guides For Different Countries
All content on Kryptos serves general informational purposes only. It's not intended to replace any professional advice from licensed accountants, attorneys, or certified financial and tax professionals. The information is completed to the best of our knowledge and we at Kryptos do not claim either correctness or accuracy of the same. Before taking any tax position / stance, you should always consider seeking independent legal, financial, taxation or other advice from the professionals. Kryptos is not liable for any loss caused from the use of, or by placing reliance on, the information on this website. Kryptos disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Thank you for being part of our community, and we're excited to continue guiding you on your crypto journey!
As Web3 evolves, managing a diverse portfolio has become complex. Kryptos simplifies this with advanced tools for real-time tracking, NFT management, and DeFi analytics. Discover how Kryptos turns challenges into strategic advantages for modern investors.
Struggling with crypto tax in Australia? Kryptos.io simplifies the process, ensuring accurate and compliant filings with the ATO. Track transactions and value assets effortlessly—make tax season stress-free.
Mastering Crypto Taxation: Navigate the Complex World of Digital Assets with Kryptos, the Ultimate Solution for Accurate, Efficient, and Future-Proof Tax Reporting.
