Verady, the self-described “maker of the Ledgible cryptocurrency tax, accounting, and financial reporting platform,” has revealed a partnership with Digital Asset Research (DAR), the “leading cryptoasset data and analytics firm,” according to a press release from the group.
“DAR is the preferred source for institutional level pricing for cryptocurrency market values and will be fully available in Verady’s Ledgible platform for tax, business accounting, and financial reporting. The valuation of cryptoassets can have a significant impact on portfolio accounting and taxes,” it continues.
Speaking on the matter is the CEO of Verady, Kell Canty, who says:
“There are few standards for cryptoasset prices, so we are partnering with Digital Asset Research who clearly leads the market in assessing digital currencies and assets and offers clean prices for our Ledgible clients with institutional requirements. By offering options to our clients, we can give them more ways of finding value and accurately complete the short and long term cryptocurrency activity for the taxpayer.”
Also sharing some thoughts is Erin Friez, the COO and General Counsel at Digital Asset Research, who said:
“Our fundamental understanding of cryptoassets and history in financial markets provides institutional rigor to the cryptocurrency market. Our comprehensive vetting methodologies allow us to identify economic trading between real buyers and sellers in this market in order to accurately price these assets. Working with Verady and their Ledgible platform brings our pricing and data to customers who need a way to account for their cryptoassets.”
Remember, all trading carries risk. Past performance is no guarantee of future results.