img project
img project
img project
img project

Overview

CryptoTax(now Blockpit) is a cloud-based solution for managing and reporting crypto transactions. It is designed as a user-friendly web app for European and international markets.

Client

CryptoTax, acquired by Blockpit, is committed to decentralization and blockchain innovation. It offers advanced tax reporting solutions for private and institutional investors.

Problem

The client required a scalable web-based solution to calculate and report cryptocurrency taxes. The platform needed to support a wide range of crypto operations while integrating with multiple exchanges and wallets.

https://cdn.sanity.io/images/s7ja2j9v/production/9026e4bfd1568eff7abc15990d5c3bf580c6496c-2000x1000.jpg
https://cdn.sanity.io/images/s7ja2j9v/production/ae3665fcf3b66fc3ecdf94017a5af201ab41bd23-2000x1000.jpg

Solution

Our team developed CryptoTax's core taxation engine, covering various use cases like trades, deposits, withdrawals, staking, lending, ICOs, and hard forks. The backend handles complex workflows for tax report calculations and is deeply integrated with exchanges and wallets like Binance, Bitfinex, Coinbase, Poloniex, and Kraken. The web application was built with React and Redux, providing a responsive design and excellent user experience, allowing users to manage their tax reports efficiently.

Impact

The CryptoTax web app has made tax reporting for cryptocurrency users significantly easier and more accessible. Its responsive design and seamless integration with major exchanges have improved the user experience, enabling efficient tax management. The platform’s success led to its acquisition by Blockpit, further enhancing its capabilities and reach in the crypto tax space.

Client's review

In a few weeks, CML Team could understand all the complex business logic behind our product and rewrite crucial backend parts in a proper solid way. They implemented missing functionality and polished the product to a production-ready shape. We have worked with them for over four years and are pretty happy with the agility, quality of the services, and insights they provide.
Klaus Himmer
Klaus Himmer
CEO & Co-Founder, 21 Consulting GmbH 🇩🇪

The system also supports market notifications, a media manager, and a customized design interface while allowing different user roles and configurations.

Together, we’ve developed and refined the platform to meet top functionality, security, and safety standards.

We developed a platform that aggregates data from leading crypto exchanges, streamlining crypto transaction management and tax report generation based on users' locations.

The system also supports market notifications, a media manager, and a customized design interface while allowing different user roles and configurations.

Together, we’ve developed and refined the platform to meet top functionality, security, and safety standards.

live-chat