Cryptoworth Newsletter | October 2023
Cryptoworth
Automatically sync crypto data to your general ledger. Amplify web3 data audit-readiness for your organization.
Welcome to the Cryptoworth Newsletter. In this kickstart for Q3 edition, we bring you the latest updates and key insights from the world of crypto accounting and finance. Dive into the evolving landscape of web3 finance, discover game-changing partnerships, and gain valuable insights from industry experts.
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This quarter has been packed with exciting developments, and we're here to provide you with a concise summary.
News:
The 2023 Crypto Accounting Back-Office Landscape.
A few weeks ago, we unveiled the Crypto Accounting Back-Office Landscape , shedding light on the dynamic and rapidly growing world of web3 finance solutions. It's a peek into the dynamic world of web3 finance solutions, even during bear market conditions. From accounting firms to DeFi trackers, we're making web3 finance more accessible. As we look back on this exciting journey, we invite you to revisit the Crypto Accounting Back-Office Landscape. It's a reminder that this space is not just growing but evolving, and it's open for all to explore
inabit and Cryptoworth Partner to Enhance Digital Asset Management Efficiency
This strategic partnership is set to simplify digital asset management while saving valuable time and costs for finance teams. It will deliver comprehensive financial coverage for businesses with crypto assets, including Treasury, crypto-to-fiat, reporting, and accounting, all in one.
Cryptoworth x Zebec: Streaming Crypto Payments easily into your Balance Sheet
This partnership promises streamlined digital asset management with real-time, cost-effective financial transactions. Payment streaming further enhances this partnership, allowing for continuous and real-time financial transactions.
Latest Webinar
“5 learnings from building Polygon's accounting from scratch”
Michael Cieri, accounting manager at Polygon, shared his invaluable insights and experiences in the world of accounting and cryptocurrency. He addressed challenges in combining traditional and crypto accounting, emphasizing accurate financial statements and meaningful data presentation. He also stressed the importance of efficiency through solutions that handle both crypto and fiat currencies and automating bill application processes.
Watch the full episode here
领英推荐
Product News & Updates:
Xero App Store listing
The Cryptoworth + Xero connection offers a two-way sync, ensuring that users can effortlessly synchronize their cryptocurrency and digital asset data with Xero’s robust accounting platform. Synchronizing to Xero through Cryptoworth is exceptionally simple, thanks to its customizability, user-friendly interface, and intuitive design. The process allows users to seamlessly connect and map their financial data points.
Reconciling fiat transactions
Cryptoworth's virtual journal allows you to have all your book entries without needing a main ledger to record them. Now, it can support fiat currencies, enabling users to track them alongside the crypto asset transactions. This ensures that all financial activities are recorded and organized in one place for ease of accounting and reconciliation.
CoinMarketCap Addition to Fair Market Values Provider
We have added CoinMarketCap, the largest list of cryptocurrencies, as a source for obtaining Fair Market Value (FMV). Now, users have more flexibility to obtain FMV, when choosing between CryptoCompare, CoinGecko, CoinMarketCap, or a Hybrid mix.
The Most Comprehensive Integrations
We provide the largest and most comprehensive support for the ever-expanding list of blockchain networks, exchanges, and data sources. We’ve continued expanding this last month, reaching an impressive list of 145 blockchain networks, 800+ DeFi protocols, 75 centralized exchanges, making us your one-stop destination for all your blockchain needs.
Wrap Up?
We extend our heartfelt thanks to inabit , Zebec Network , Xero , CoinMarketCap , Telos , ORE Network , BEQUANT , Fireblocks , MEXC , GMX, Stargate, Michael Cieri , and all the other companies who have contributed to this issue. Your support is integral to the success of our newsletter.
For any inquiries or to stay updated, feel free to reach out to our team .
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As we approach the end of the year, stay tuned for our upcoming year-end special edition. We have more exciting developments and partnerships in store to wrap up 2023 on a high note.?