With the final day to finalize taxes for last year in the US is around the corner, crypto-related businesses are having troubles with their digital assets declaration process, and how to not get entangled with the IRS, even for the ones declaring traditional income. 

Therefore, Blockfolio and Token Tax have reportedly partnered up and integrate their techs, as an attempt to simplify this task. 

The freshly announced integration will enroll TokenTax’s tech, which reportedly add numerous analysing features for crypto transactions-related data to crypto investors’ toolkits, along with helping with issuing suitable tax forms. Blockfolio will serve as a mobile digital coins portfolio. 

The end product from the integration of these two will provide clients with crypto tracking via Blockfolio, TokenTax registration, as well as the instant transactions import feature. 

“One of the biggest time sinks for users is how they get their transactions into the Token Tax system. Given how many people already track their transactions in Blockfolio, an integration just made perfect sense.” okenTax co-founder Alex Miles shared regarding the development. 

“We’re thrilled that through this integration and partnership, the already massively time saving TokenTax experience becomes even easier for our users.” Edward Moncada, head of Blockfolio, noted. 

Current Blockfolio customers, who have finished inputting their transaction details, will be free from filling the tax forms.