About Cointracker:

CoinTracker is a leading platform for tracking taxable crypto transactions. It integrates with exchanges, wallets, and major blockchains to automate the process of compiling and producing tax reports.

The Problem:

With blockchains becoming cheaper, there’s been a major uptick in spam transactions. Crypto users don’t want the headache of scrolling through thousands of transactions just to find the legitimate ones. Nor do they want to be charged for these unwanted transactions as part of their CoinTracker bill.

While Cointracker’s engineering team evaluated many possible solutions and providers, no single solution could cover 100% of the spam token surface area with enough precision to encompass all the chains and tokens CoinTracker supports. That’s because it’s hard to both flag all the spam and avoid too many false positives, the latter of which could result in lost revenue for CoinTracker and tax implications for the user.

Goal:

CoinTracker needed to solve the endless problem of spam tokens once and for all, with minimal engineering effort—and all in time for a quickly approaching tax season.

Solution:

CoinTracker swiftly integrated Blockaid’s comprehensive APIs, allowing the CoinTracker software to distinguish between spam and legitimate tokens across every supported chain and token type with immense precision. CoinTracker’s new automatic spam detection feature hides spam and flags suspicious tokens so users have a clear and clean view of their transactions.

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Results:

CoinTracker now filters out over 1.5 million spam tokens across Ethereum, Solana, and other ecosystems; that list grows daily because Blockaid continuously scans every new and existing token across all chains in real-time to ensure applications remain secure.

CoinTracker’s engineers are satisfied with how little time this solution took to implement and the low lift required to maintain it. And in the last week alone, customers have reported a vast improvement to the CoinTracker interface—just in time for tax season.

To see how blockaid can solve your spam problems once and for all. [$data-tf-popup=QQvQhi7s][.open-modal] Reach out for a demo. [.open-modal][$data-tf-popup]