Cryptocurrency portfolio tracker and taxation reckoner CoinTracker has surpassed 100,000 users and has signed up six new partners.

The site, which is used past many traders to comply with tax reporting obligations,  appear the news in a blog post published on April 1.

In the past calendar month CoinTracker has partnered with six new organizations: Casa, Compound, Crypto.com, ErisX, IDEX, and Lolli, in addition to existing agreements with Coinbase and Turbotax.

CoinTracker and Casa have partnered to give users' access to multisignature security. The Crypto.com partnership will let users to report cryptocurrency holdings for a number of jurisdictions.

ErisX users tin can at present share their CoinTracker profile with revenue enhancement professionals without the need to ship files over email, and Lolli'south integration will enable users to import transaction history CSVs directly into CoinTracker.

Growth among the global crunch

Chandan Lodha, co-founder of CoinTracker, told Cointelegraph the company'south recent growth had come amongst the chaos and bear market acquired by the COVID-19 pandemic. Still he was upbeat about the future:

"What nosotros accept uniquely seen with cryptocurrency though, is a surge of retail need for new users trying to buy the dip. Along with this surge in demand has been increased desire from cryptocurrency platforms to take a compliant taxation solution for their users, and this is where our partners such every bit Casa, Coinbase, Compound, Crypto.com, ErisX, IDEX, Lolli, and TurboTax accept partnered with u.s. to make cryptocurrency simple."

Cryptocurrency taxes made simple

He conceded there is a lot of skepticism around the legitimacy of cryptocurrency, however he said services like CoinTracker aid the industry'southward credibility:

"Equally more users and regulators see that the vast majority of cryptocurrency use is by everyday people for completely legal transactions and people are crypto revenue enhancement-compliant, this helps increase faith and legitimacy of the cryptocurrency industry as a whole."

IRS delaying tax payments

Earlier this month Cointelegraph reported that the U.S. Department of the Treasury, has allowed individuals and non-corporate entities to defer their revenue enhancement payments for three months without any punishment or interest attached.