Leading crypto market intelligence provider Glassnode has acquired crypto portfolio tracking tax platform Accointing.Com to enable users to track their portfolios in one place.

Glassnode is an on-chain and market data intelligence provider that provides traders and investors with a suite of advanced on-chain market intelligence and metrics, as well as crypto-financial data, delivered through actionable graphs.

According to the announcement, in the coming months, Glassnode will integrate with Accointing.com, combining the two into a single platform.

Once the integration is done, Glassnode users can take advantage of Accointing.com services, including viewing their portfolio assets on wallets and exchanges.

Users will also be able to make use of Accointing.com’s automated crypto tax compliance and reporting features. Additionally, until the integration is resolved, users will only be able to access both platforms using the same login.

Speaking of Glassnode, the data provider has so far been providing accurate analysis of the crypto market in general. In July, the data provider showed that the top cryptocurrency in the market has persisted in two major capitulation events so far in 2022.

The market insight provider explained: “2022 has seen Bitcoin trade two huge capitulation events, both with the largest BTC transfer volume at a loss since 2011. When LUNA crashed, the total transfer volume at loss was 538k BTC. This was followed by 480k BTC as the market traded below the 2017 ATH.”

Furthermore, Glassnode also explained in the same month that for a bear market to reach a final bottom, the part of the coins that remain at a loss must be transferred mainly to those that are less price sensitive and with the most conviction.

The data provider added that one of the significant impacts of a prolonged bear market involves the redistribution of wealth among the remaining stakeholders.

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