Ledgible Ranks 5-Stars for Everyone Who Needs Crypto Data Solution

Ledgible offers a 5-Star ranking for institutions, enterprises, and investors in need of a crypto data solution.

As crypto is gaining adoption and attention worldwide, there’s increased focus and scrutiny by regulators. Tax payment for crypto is mandatory in most countries, with no global regulation for cryptocurrency, leaving many investors and institutions to fend for themselves. 

Even though the crypto tax rates are different globally, most nations have imposed taxes on crypto. The trading of crypto, its use to pay for goods or services, its holding as an investment, or its usage in other ways, all have potential tax repercussions. Delays in tax payments can also lead to tax penalties, imploring everyone to get on top of their crypto tax obligations as soon as possible.

But how can you calculate your tax liabilities? If you are a day trader, an institution, a business, or a regular investor, it is very difficult to calculate your tax liability with thousands of transactions without help.

That is where Ledgible’s platform comes in to save the day. With Ledgible, the crypto tax calculation process is simplified and done automatically on the application, which can handle taxes for individuals, entire tax firms with hundreds to thousands of clients, and even at the institutional and enterprise level for businesses who deal with crypto.

What is Ledgible?

Legible was established in 2016. The platform was developed by a team of crypto and tax experts with the aim of simplifying crypto taxation. The Ledgible platform works globally for accounting, whereas its tax products focus on the US tax code, but can be adapted to serve other countries’ tax codes as needed.

Ledgible is a cryptocurrency accounting and tax solution platform established in the United States, designed by the specialists at Ledgible with professionals, businesses, and crypto investors in mind. Ledgible offers its clients an industry-leading crypto tax solution.

The platform provides two primary platforms focused on various user areas, tax, and accounting. The Ledgible crypto tax platform easily determines and calculates crypto obligations for users. It automatically gives a basic set of data such as wallet balances, capital gains, losses, and exchange orders.

Moreover, it is one of the only platforms that is SOC 1 & 2 Type 2 audited, meaning it’s one of the most secure tools on the market. To expand its tax and accounting platform with a focus on cryptocurrencies, the company just closed a $20 million Series A financing round in June 2022. 

The business will use the fundraising round to strengthen its position as a link between conve