Koinly has announced a collaboration with NEAR Protocol, shared via Koinly's official X account. The goal of this recent partnership is to streamline the tax process for global cryptocurrency users. According to Koinly's tweet:

1. Streamlined Integration: Users can initiate their crypto tax journey by signing up with Koinly and connecting their NEAR wallet using the public address, eliminating the need for CSV imports or manual data entry.

2. Automated Calculations: Koinly's cryptocurrency tax tool automatically computes losses, income, and gains generated from NEAR transactions, sparing users from tedious manual tasks.

3. Effortless Tax Reporting: With Koinly's crypto tax tool, users can effortlessly generate detailed tax reports, ensuring they have all necessary documentation for filing taxes confidently and smoothly.

This partnership signifies a significant advancement in the crypto community, as Koinly is renowned for its top-notch crypto tax tools. By teaming up with NEAR, Koinly's market reach is set to expand significantly.

NEAR Protocol has been making strides with new updates and partnerships, including the recent addition of another shard to its mainnet, with plans for another shard in the near future.

Moving forward, users can anticipate new initiatives from both parties if this partnership proves successful. Koinly may develop new features tailored to NEAR-based transactions, such as gas fees or rewards. Additionally, there is potential for Koinly to offer direct integration with tax-filing authorities. Overall, this collaboration represents a positive step toward simplifying the crypto tax landscape for the NEAR community and the broader crypto community alike.