Why taxbit Is Trending Today?

TaxBit, a leading cryptocurrency tax software provider, has raised $100 million in a Series A funding round led by Tiger Global. The company aims to use the funds to expand its team and further develop its tax calculation and reporting tools for cryptocurrency investors and businesses. TaxBit has seen significant growth in recent years, with its user base increasing by 500% in 2021 alone. The company's co-founder and CEO, Austin Woodward, stated that the new funding will enable TaxBit to continue innovating and helping its users navigate the complex world of cryptocurrency taxation.

Bybit, a leading cryptocurrency exchange, has partnered with Taxbit, a tax calculation and reporting platform, to streamline global crypto tax compliance for its users. This collaboration aims to simplify the process of calculating and reporting taxes on cryptocurrency transactions for both global and EU users. Bybit and Taxbit have joined forces to ensure seamless financial compliance, making it easier for users to navigate the complex world of crypto taxes.