The wild-west of the crypto industry has exploded to reach trillions of dollars of value over the previous few years, bringing in millions of hungry new investors, many seeing life-changing on paper returns. However, capturing their new-found wealth still requires dealing with the slow-moving but vital world of tax and regulatory compliance.
ZenLedger marries these opposite worlds by ingesting all the transactions from on-chain, off-chain, NFTs, decentralized exchange income, sales of NFTs, cleaning it up and then reporting it out. Notably, the startup has consistently won contracts making it the IRS' preferred provider of forensic accounting and taxation software for cryptocurrencies.
Recently the startup has refreshed much of its senior leadership due to a combination of controversy and desire for more expertise. The CEO has claimed that these changes didn’t affect investors’ attitude toward the company and ZenLedger is in a strong position to become the market leader for tax compliance in the budding industry.
Steph
Company Specialist at Welcome to the Jungle