On Monday, February sixth, Binance announced the launch of Binance Tax. Binance has unveiled a brand new advanced tax software to help users track their tax obligations based on their jurisdiction. This crypto tax calculator generates an estimate of a trader’s tax obligations based on their activities and relying on their jurisdiction. Binance, the world’s largest cryptocurrency exchange, has launched a brand new tax software providing crypto buyers info on the taxes associated with their trading activities in preparation for the incoming tax season. With Binance Tax, crypto investors not want to worry about spending time to compute their transactions, features, and losses throughout the year, as the tool automatically computes. The launch of Binance Tax is in response to the rising demand from clients to have a simple-to-use software to know their tax liability on the platform. Select ‘Realized Capital Gains,’ ‘Income Gains,’ or ‘Transactions,’ and the tool will generate a downloadable tax report exhibiting a breakdown of your gains and losses.