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CoinTracker (YC W18) raises $100M to scale cryptocurrency tax compliance

16 pointsby chanfest22over 3 years ago

4 comments

akharrisover 3 years ago
Congrats to Jon and Chandan on the milestone. Pretty rare to see a company go from seed to unicorn in a single round! Anything particular you learned during that jump?<p>Excited to see how you and the team continue to build.
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magicjoshover 3 years ago
I recently realized what a big opportunity this is. Thousands of different cryptocurrencies. Staking, lending, and who knows what. Layers of wallets. And every person needs to do those taxes.<p>This company could be bigger than the entire tax prep industry combined. They could be the white label IRS for Switzerland or any country that ends up taking crypto taxes seriously.<p>Unfortunately they also are heavily disincentivized to lobby for bitcoin being a currency&#x2F;not taxed, as they have a lot to lose there.
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bradgesslerover 3 years ago
I hope when they’re huge in 5-10 years, they don’t go down the path of Intuit and lobby federal officials to continue taxing crypto the way it’s currently taxed as an asset.
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bitxbitxbitcoinover 3 years ago
Hope they increase the free tier! Would help them onboard more new customers.
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