Bybit partners with CTC to streamline crypto tax compliance

Bybit, the second-largest cryptocurrency exchange globally by trading volume, has partnered with Crypto Tax Calculator (CTC) to enhance tax compliance for its users. This collaboration marks CTC as the fourth authorized tax integration on Bybit, joining Koinly, Cryptact, and KoinX. The integration allows users to generate tax reports directly through CTC’s platform, which is fully compatible with Bybit’s API. By leveraging wallet metadata, the system streamlines reporting for crypto transactions, including decentralized finance (DeFi) and non-fungible token (NFT) activities. The partnership aims to simplify compliance as global tax regulations for cryptocurrencies become increasingly complex [1][2].

CTC’s platform supports over 3,500 crypto platforms and complies with tax rules in more than 100 jurisdictions. Users can import Bybit data via API or CSV files, catering to diverse user preferences. New CTC subscribers who sign up through Bybit receive a 30% discount on their first-year subscription, making tax reporting more accessible. The tool generates CPA-reviewed, audit-ready reports, addressing the challenges of cross-border reporting and reducing administrative burdens for traders [3][4].

The partnership reflects growing demand for infrastructure to navigate crypto taxation. As governments intensify scrutiny, platforms like Bybit must adapt to retain users. By integrating CTC, Bybit reinforces its focus on user experience and global accessibility, ensuring traders in various markets can meet compliance requirements efficiently. The collaboration also aligns with Bybit’s broader strategy to innovate in services, offering tools tailored to both retail and institutional clients [5][6].

From an industry perspective, this partnership highlights the maturation of crypto tax solutions. CTC’s ability to automate data aggregation and calculate liabilities minimizes errors and audit risks, which are critical concerns for traders. Analysts note that such integrations are vital for exchanges to remain competitive in a regulated environment, where ease of compliance can distinguish platforms. By simplifying tax processes, Bybit and CTC may encourage broader adoption of cryptocurrency, particularly among investors prioritizing regulatory clarity [7][8].

The integration underscores the necessity of bridging user needs with regulatory frameworks. As jurisdictions adopt diverse approaches to crypto asset classification, platforms like CTC and Bybit play a pivotal role in standardizing reporting. This collaboration not only addresses current compliance challenges but also anticipates future regulatory shifts, positioning Bybit as a leader in fostering trust and accessibility in the crypto ecosystem [9].

Sources:

[1] [Bybit Partners with Crypto Tax Calculator to Simplify Crypto Tax Compliance for Users](https://www.prnewswire.com/news-releases/bybit-partners-with-crypto-tax-calculator-to-simplify-crypto-tax-compliance-for-users-302513852.html)

[2] [Bybit Collaborates with Crypto Tax Calculator to Enhance User Experience](https://investorshangout.com/bybit-collaborates-with-crypto-tax-calculator-to-enhance-user-experience-339212-/)

[3] [Media Releases - AAP News](https://aapnews.aap.com.au/media-releases)

[4] [Bybit Partners with Crypto Tax Calculator to Simplify Crypto Tax Compliance for Users](https://www.prnewswire.com/apac/news-releases/bybits-1m-ethichub-investment-shifts-100-tons-of-latam-coffee-to-higher-value-markets-302513865.html)

[5] [StreetInsider.com - Press Releases](https://www.streetinsider.com/Press+Releases?before_id=25096708)

[6] [Unlocking Trading Flexibility: The Power of Octa Broker’s Swap-Free Accounts](https://laotiantimes.com/2025/07/25/unlocking-trading-flexibility-the-power-of-octa-brokers-swap-free-accounts/)

[7] [World Shares Retreat After Alphabet and AI Stocks Nudge Wall Street](https://www.wfmz.com/business/world-shares-retreat-after-alphabet-and-ai-stocks-nudge-wall-street-to-more-records/article_f1ecdb51-3fe4-5910-9dad-947a20918698.html)

[8] [Bybit Partners with Crypto Tax Calculator to Simplify Crypto Tax Compliance for Users](https://www.usebitcoin.com/guides/how-crypto-payments-reduce-processing-fees-for-businesses/)