# Binance introduces Binance Tax to simplify cryptocurrency tax filing

*New platform integrates with Binance, generates tax reports in accepted format for global users*

By [α crypto](https://paragraph.com/@alphacrypto) · 2023-02-06

binance

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Binance, the leading cryptocurrency exchange by volume, has [launched](https://www.binance.com/en/blog/ecosystem/introducing-binance-tax-streamline-your-tax-season-experience-9208476713086961306) a new platform called Binance Tax.

The platform aims to provide a user-friendly solution to help cryptocurrency traders accurately calculate their capital gains and losses for tax purposes. It integrates with Binance to allow users to import their transaction history and generate tax reports. Reports are generated in a format supposedly accepted by most tax authorities and can be used to aid in tax filing.

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*Originally published on [α crypto](https://paragraph.com/@alphacrypto/binance-tax)*