Celsius Network, a cryptocurrency lending, and borrowing platform, has reportedly formed a new partnership with ZenLedger.io, a cryptocurrency tax analysis, and blockchain analytics startup.
The duo reported that through the partnership cryptocurrency investors filing taxes with ZenLedger have an easy and seamless access to cryptocurrency-backed loans directly from their ZenLedger account, allowing them to supposedly save even more time and avoid selling crypto when they need cash to pay their taxes or for any other purposes. The clients of Celsius Network will now have direct access to ZenLedger from the Celsius platform, which will notably help them during the tax season 2020. Speaking about the partnership, Alex Mashinsky, CEO of Celsius Network, stated:
“Partnering with ZenLedger makes Celsius Network better and our users receive vital assistance and tools for their 2019 taxes. We are thrilled to be able to add this to the broadest suite of services app for lending, and look forward to assisting ZenLedger’s clients earn more interest and borrow cash against their assets.”
Pat Larsen, CEO of ZenLedger.io, added:
“Accounting and taxes in crypto are overly complicated. Celsius offers a great service to grow your crypto holdings and an easy user experience. ZenLedger saves you time and helps you keep more cash in your investment portfolio. We’re happy to help Celsius investors to keep growing their investments with safety and security.”