Koinly

The platform automates cryptocurrency tax reporting by ingesting transaction data from 900-plus integrations (centralized exchanges, DeFi protocols, NFT marketplaces, and blockchain wallets connected via public address) and producing jurisdiction-specific tax reports. For Australian users, Koinly generates ATO-compliant output covering capital gains and losses, mining income, staking rewards, airdrops, and DeFi activity. The platform claims to be the only crypto tax software whose FIFO calculation methodology and resulting tax reports have been independently verified by a Big Four Australian accounting firm, a credential it uses to attract both retail filers and professional accountants.

Australian exchange coverage includes Coinspot, Swyftx, CoinJar, Independent Reserve, and BTC Markets; BTC Markets extends a 25% discount on Koinly subscriptions to its customers through a referral arrangement. DeFi handling encompasses staking on Solana, lending on Curve, and liquidity provisioning on Polygon, among other protocols. Bitcoin and cryptocurrency mining income is tracked as a discrete income category within Koinly's crypto income report, separating mining proceeds from staking, airdrops, forks, and lending for direct transfer into a tax return.

Pricing starts at no cost for portfolio tracking and a tax summary supporting up to 10,000 imported transactions; paid plans begin at approximately $49 per tax year for 100 taxable transactions and scale to $179 at higher transaction volumes. The platform supports FIFO, LIFO, highest cost, and average cost basis accounting methods and generates output formatted for ATO myTax, H&R Block, and Etax filing workflows. In the United States, it produces IRS Form 8949 and Schedule D exports; UK users receive HMRC-compliant capital gains summaries.

KuCoin Labs holds a disclosed investor position in Koinly. The company employs approximately 41 people and maintains offices across the UK, US, Sweden, and Germany. CEO Robin Singh, a fintech engineer by background, co-founded the company and has led it since launch. Koinly has additionally partnered with The Giving Block to support tax-efficient cryptocurrency charitable donations.

The ATO's 2024 enforcement push, in which regulators requested personal and transaction data for approximately 1.2 million Australian crypto investors directly from exchanges, has intensified demand for audit-ready reporting tools. Koinly's Big Four-verified FIFO methodology and compatibility with Australia's 31 October filing deadline position the platform as one of the more credentialed financial-services tools in the Australian crypto tax segment.