CoinTracker Announced the Launch of Its Broker Tax Compliance Suite, a Solution Designed to Help Brokers and Exchanges Comply With New IRS Regulations. At Launch, Coinbase Was the First Exchange to Use This Technology.
The suite is tailored to the specific challenges of the crypto market and addresses the requirements of IRS section 6045, established on January 1, 2025, which requires brokers to report certain transactions using 1099-DA forms starting in 2026. CoinTracker streamlines this process with automated reports that meet federal and state requirements.
In addition, the solution includes a tax center for consumers, allowing platforms to integrate tax filing tools directly into their services, strengthening user trust and loyalty.
“The main challenge for brokers today is staying compliant while providing peace of mind to their clients. Our technology turns compliance into a competitive advantage,” said Jon Lerner, CEO and co-founder of CoinTracker.
With this suite, CoinTracker expands its Enterprise line, which includes accounting solutions built on the same infrastructure that has processed billions of transactions since 2017. The company aims to establish itself as a technology leader in crypto tax compliance, helping institutions adapt to an increasingly demanding regulatory environment.
