In this post, we discuss how Taxbit partnered with Amazon Web Services (AWS) to streamline their crypto tax analytics solution using Amazon S3 Tables, achieving 82% cost savings and five times faster processing times.
Taxbit is a leading tax compliance suite serving cryptocurrency exchanges, digital platforms, and government agencies, generating more than 100 million forms for users and reconciling more than 500 billion digital asset transactions. The suite powers a complex environment that handles real-time pricing data from 29 cryptocurrency exchanges covering over 10,000 digital assets.
Recently, Taxbit experienced challenges with their pricing data infrastructure. As data volumes continued to expand, infrastructure costs rose sharply, putting pressure on operational budgets. At the same time, the system struggled to efficiently ingest the growing number of pricing data points, creating persistent bottlenecks in their data pipeline. These technical…