This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out. Cryptocom new coins Get daily crypto updates with our free newsletter: news, episodes, market updates, recommended reads, and memes. Upgrade to Premium for exclusive interviews, a subscriber-only chat group, and show transcripts.
U.S. households’ involvement in crypto-assets (hereafter, crypto) rose sharply during the COVID-19 pandemic alongside a substantial increase in the overall personal savings rate. Five years ago, only a tiny fraction of individuals held crypto. As of mid-2022, almost 15 percent of individuals had conducted transfers into crypto accounts, according to our data. The trend has potential implications for the health of household balance sheets, given market volatility and uncertainty of how use of crypto-assets may evolve. Customer Support With goals to activate more new users and retain users with the right platform features, Crypto.com needed more visibility around its users’ behavior across the customer lifecycle. Where were customers getting stuck in the onboarding flow? What features were most used in the platform? Crypto.com lacked the data infrastructure necessary to collect, unify, and take action on this customer data. The company also needed to conduct this data capture in a way that was compliant by privacy standards and regulations. Having a customer data platform would help Crypto.com build more compliant, personalized lifecycle campaigns to grow its user base and encourage current users to engage more broadly with the platform.