PARIS, FR – Binance, the world’s largest cryptocurrency exchange, announced in a blog post that it has unveiled a tax reporting tool for investors. The Binance Tax tool can record and calculate up to 100,000 Binance transactions and is free to use. 

The Binance tax tool allows investors to import their trades and accurately calculate spot trades, fork rewards, and crypto donations in a tax report. The tool can scan transactions, accurately calculate gains and losses, as well as write-offs, and export a tax report to be filed.

Binance Tax is currently available only to investors in France, but the team is actively working to broaden its service to other regions. For more information on crypto tax reporting, investors can download our Crypto Tax Reporting whitepaper on our homepage.