The post Majority Of Crypto Investors Turn To Industry For Tax Guidance, New Nexo Survey Finds appeared on BitcoinEthereumNews.com.

A recent survey by Nexo, which is a leading digital asset wealth platform, reveals that more than 60% of crypto investors rely on the crypto industry and not governments. They rely on help to navigate tax obligations. The survey with responses from over 250 participants in April 2025, tells a picture of how crypto users approach the aspects of investing that is the taxes. The results highlighted a sense of confusion and frustration. Nearly half of respondents, you can say 45% of them, admitted that they often struggle to determine which transactions are counted taxable. Meanwhile, 50% of them said that their country’s tax guidance is too hard to even understand. The message is clear that when it comes to crypto taxes, users are choosing the platforms whom they trust and not the official tax offices. “Users are turning to the industry for tax help, not governments. That puts the onus on us to show up with clarity,” said Michelle Legge, Head of Crypto Tax Education at Koinly, during an X Space co-hosted with Nexo. Michelle discussed the survey findings and the industry’s evolving role in tax education. So, one of the most revealing findings was the tendency toward self-navigation. Even with the tax complexity, 56% of respondents said that they never consult a tax specialist. This shows a growing demand for easy-to-use, automated tax tools that integrate easily with crypto platforms. Even users who feel confident in their ability to report taxes still hit a wall when it comes to understanding taxable events. That’s why Nexo is doubling down on automated tools and intuitive interfaces, especially through their partnership with Koinly. In response, Nexo has ramped up efforts to simplify tax reporting with a curated educational hub. Developed in collaboration with Koinly, the platform includes country-specific guides and articles…

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Filed under: News - @ May 15, 2025 8:25 pm