Blockpit Makes a Power Move: Snaps Up Glassnode’s Accointing Crypto Tax Platform

"Accointing Users Can Now Seamlessly Transfer Profiles to Blockpit, Boosting Revenue and Compliance Amidst Stringent Crypto Regulations"

Blockpit, a leading provider of crypto tax compliance solutions, has announced its acquisition of Accointing, a popular crypto portfolio tracking and tax software. This move is expected to significantly boost Blockpit’s revenue as it allows Accointing users to seamlessly transition their profiles to the Blockpit platform.

The CEO of Blockpit, Florian Wimmer, highlighted the importance of this acquisition in light of forthcoming regulations in the cryptocurrency sector. Specifically, he mentioned the Common Reporting Standard for Automatic Exchange of Information (CARF) and Directive on Administrative Cooperation (DAC8), which will impose stricter reporting requirements on crypto service providers starting from 2026. These regulations aim to enhance enforcement against tax fraudsters and grant tax collectors jurisdiction over all cryptocurrency transactions within EU member states.

With these regulations on the horizon, the acquisition of Accointing will enable Blockpit to solidify its position in the crypto tax compliance market. By integrating Accointing’s portfolio tracking and tax software into their platform, Blockpit will offer a comprehensive solution for individuals and businesses to manage their crypto assets and fulfill their tax obligations.

Meanwhile, Glassnode, a prominent provider of on-chain data and analytics for cryptocurrencies, is shifting its focus from crypto tax projects to institutional investors and the burgeoning field of Decentralized Finance (DeFi). This strategic decision has prompted the sale of Accointing to Blockpit, allowing Glassnode to restructure its infrastructure and concentrate on developing digital asset intelligence solutions.

By leveraging its expertise in Bitcoin and Ethereum on-chain data, Glassnode aims to provide valuable insights and analysis to institutional investors navigating the complex world of cryptocurrencies. With the rapid growth of DeFi and the increasing interest from institutional players, Glassnode’s new solutions will help bridge the gap between traditional finance and the emerging decentralized ecosystem.

This acquisition marks a significant strategic pivot for both Blockpit and Glassnode. While Blockpit strengthens its position in the crypto tax compliance market, Glassnode aims to facilitate institutional participation in the DeFi space with its innovative solutions. These changes come at a crucial time when regulatory scrutiny is set to intensify in the cryptocurrency sector, making compliance and transparency more important than ever.

As the crypto industry continues to evolve and mature, partnerships and acquisitions like this one will play a vital role in shaping the future of the market. The integration of Accointing into Blockpit’s platform and Glassnode’s focus on institutional investors and DeFi demonstrate the adaptability and resilience of companies in the face of changing regulatory landscapes and market demands.

In conclusion, the acquisition of Accointing by Blockpit and the strategic shift by Glassnode highlight the dynamic nature of the cryptocurrency industry. These companies are positioning themselves to thrive in an environment of increased regulatory scrutiny and growing institutional interest. With their respective expertise and solutions, Blockpit and Glassnode are well-equipped to navigate the evolving crypto landscape and provide valuable services to their users and clients.

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Martin Reid

Martin Reid

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