Crypto Users Rely on Industry for Tax Help Over Governments
Crypto investors flock to the sector for tax advice, reveals latest Nexo study
In a revealing survey by digital asset wealth platform, Nexo, 60% of crypto investors in April 2025 opted for crypto industry assistance over government guidance for navigating tax obligations. The survey polled over 250 participants and exposed the confusion and frustration prevalent among crypto users regarding taxable transactions and regulatory guidance.
The results suggest that crypto users prefer self-navigation, with 56% of respondents never consulting tax specialists. The growing demand for user-friendly, automated tax tools is clear, as developers look toward intuitive interfaces to respond to this need.
According to Head of Crypto Tax Education at Koinly, Michelle Legge, users are turning away from official tax offices and seeking clarity from trusted platforms. In a co-hosted event with Nexo, Michelle discussed the survey findings and the industry's growing role in tax education.
DIY and Automated Tax Tools Gaining Popularity
Industry leaders like Nexo are prioritizing the development of automated tax tools, and partnerships with firms like Koinly serve this purpose. The platform is now offering integrated, country-specific guides and articles to empower users with the resources needed for filing with confidence.
In a bid to minimize confusion and make crypto taxes less cumbersome, Nexo has ramped up efforts for simplifying tax reporting. By reducing reliance on expensive accountants and complicated government documentation, they hope to streamline the process for all investors.
As the crypto tax landscape evolves, regulatory clarity lags behind despite growing adoption worldwide. In the face of uncertain regulations, crypto companies like Nexo are stepping in to provide guidance and fill the gap left by governments.
Industry Taking the Lead in Crypto Tax Education
Nexo believes that the role of a premier digital asset platform extends beyond trading and lending services, embracing tax infrastructure to manage crypto portfolios effectively. By offering integrated tax tools, educational content, and collaborating with compliance partners, Nexo aims to transform crypto taxes from a headache into a seamless part of the investment process.
The survey conducted by Nexo was more than just data collection; it was part of an effort to improve the user experience by adapting to their needs. As the crypto space matures, initiatives like this will set a new standard in crypto tax support.
Crypto investors are increasingly seeking trustworthy platforms to aid their decision-making process, making tax compliance less intimidating and more accessible. By doing so, they can take advantage of the full potential of their crypto portfolios without the unnecessary red tape.
Center for Clear and Robust Crypto Taxation defines the current trends in crypto tax education as centering on self-reliance, user-friendly automation, and industry-led initiatives to provide educational resources and regulatory clarity.
[1] Center for Clear and Robust Crypto Taxation, 'Trends in Crypto Tax Education: DIY Approach, Automated Tools, and Industry-Led Efforts', 2025.
- In response to the confusion and frustration among crypto users regarding taxable transactions and regulatory guidance, industry leaders like Nexo are prioritizing the development of automated tax tools, such as integrated, country-specific guides and articles.
- As the cryptocurrency landscape evolves, regulatory clarity lags behind, and in the face of uncertain regulations, crypto companies like Nexo are taking on a more significant role in providing guidance and filling the gaps left by governments in terms of crypto tax education.
- The Center for Clear and Robust Crypto Taxation defines the current trends in crypto tax education as centering on self-reliance, user-friendly automation, and industry-led initiatives that offer educational resources and advocate for regulatory clarity.
