Case Study: Koinly achieves 20% more accurate tax calculations with Rubyroid Labs

Koinly boosts tax calculation accuracy by 20% with Rubyroid Labs

Koinly, a cryptocurrency tax reporting and portfolio tracking platform, faced the challenge of rapidly scaling its application to integrate with over 800 exchanges, wallets, and blockchains. As the crypto ecosystem evolved, falling behind on these integrations posed a serious risk of customer churn and compliance issues. They engaged the vendor Rubyroid Labs to build and maintain a reliable, scalable integration system using Ruby on Rails development services.

Rubyroid Labs implemented a flexible integration model, developing both API-based pipelines and robust CSV parsers for platforms with missing or incomplete APIs. They introduced a rigorous peer review process to maintain code quality and platform stability. This work by Rubyroid Labs resulted in a 20% increase in tax calculation accuracy, improved platform stability, and a 25% reduction in user drop-off, allowing Koinly to seamlessly support dozens of new platforms.

Koinly