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What's New - January 2025

Happy New Year to all Cryptio users! 

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Check out all the new enhancements in Cryptio

🚀 Major Updates

  • Native Staking Module (Enterprise Only): Streamline staking operations with precision tracking, automated accounting, and compliance-ready reporting (currently available for Ethereum). Key features include:
    • Pricing methods: Choose between accrued prices (default) or Fair Market Value at withdrawal for staking rewards.
    • Auto-labeling: Automatically classify transactions for seamless reporting:
      • “Staking Deposit”: Transfers to the beacon chain.
      • “Principal Staking Withdrawal”: Returns of the initial deposit.
      • “Staking Rewards”: Earnings generated from staking.
    • Split rewards and principal withdrawals: Combined staking withdrawals are automatically separated into principal and reward movements.
    • Non-Taxable Events (NTE): Staking deposits and principal withdrawals are now automatically treated as non-taxable events.
    • Proof of completeness: Identify and verify all deposit and withdrawal addresses, flagging missing ones to ensure accurate reconciliation.

💫 Improved Features

  • Dynamic wallet clustering - An automated and scalable way to group wallets:
    • Cluster Automation on naming convention (automatically group wallets containing specific values in their names) and wallet type (automatically group wallets by type (e.g., Fireblocks)).
      • Scalability - Unlimited Wallets: Add as many wallets as needed to a single cluster for unparalleled flexibility. 🎉
  • AutoRec multi-asset reconciliation (Enterprise Only): Reconcile multiple assets across on-chain data, custody solutions, and liquidity providers simultaneously. Ideal for customers managing diverse stablecoins or similar assets across different platforms or blockchains.
  • ‘Mapped Account’ data on Labels page: A new “Mapped Account” column has been added to the Labels page table. Easily identify label-to-account mappings for streamlined management.
  • Enhanced internal transfer detection (Search Service Enabled Workspaces Only): Improved flexibility for detecting and managing potential Internal Transfers (IT). New thresholds and an upgraded interface simplify reviewing and building ITs.
  • Customizable Support button: Users can hide the Support button as needed. The button reappears upon page reload or by clicking a small green circle.

This update enhances your Cryptio experience, making it more efficient and user-friendly. Stay tuned for more improvements and features!