US Patent:
20210056549, Feb 25, 2021
Inventors:
- New York NY, US
Alexander Zakharov - Croton on Hudson NY, US
International Classification:
G06Q 20/40
G06Q 20/38
G06Q 40/04
Abstract:
Systems and methods for gain and loss computation for cryptocurrency transactions. An example method comprises: identifying a plurality of cryptocurrency trading transactions associated with an accounting perimeter of a plurality of accounting perimeters associated with one or more cryptocurrency trading accounts, wherein each cryptocurrency trading transaction of the plurality of cryptocurrency trading transactions is represented by one of: a cryptocurrency acquisition transaction or a cryptocurrency disposal transaction; for a given transaction perimeter, assigning each cryptocurrency trading transaction associated with the transaction perimeter to a transaction bucket of the sequence of transaction buckets associated with the transaction perimeter, wherein the transaction bucket is identified by a start time and an end time, and wherein the transaction bucket is selected based on a timestamp of the cryptocurrency trading transaction, such that the timestamp falls between the start time and the end time; for a given transaction bucket, matching each cryptocurrency disposal transaction associated with the given transaction bucket to one or more cryptocurrency acquisition transactions associated with the given transaction bucket; determining, for each of the matched transactions, a corresponding fiat currency transaction amount; and computing, using the fiat currency transaction amounts, one of: a gain associated with the cryptocurrency disposal transaction or a loss associated with the cryptocurrency disposal transaction.
