Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode

Cryptocurrency tax software provider Blockpit has acquired rival Accointing, thus expanding its footprint into the U.K, from blockchain analytics firm Glassnode.

The Linz, Austria-based firm did not disclose the deal amount. However, Blockpit CEO Florian Wimmer told CoinDesk in an email that it was a “multi-million dollar” acquisition.

Blockpit said it will now be able to service U.K.-based clients through leveraging “a close public-private partnership with U.K. authorities, as well as with a wide range of leading CPAs,” in an emailed announcement on Tuesday.

The acquisition comes over three years after Blockpit merged with Germany-based firm Crypto Tax.