.png)
Back to Case Studies Taxbit & Ripio: Data-Powered, Audit-Ready Crypto Accounting
50% Reduction in month-end close time
Billions In total transaction flows processed
99% audit-readiness with SOC-compliant reporting
Unifying Crypto Accounting for Latin America’s Leading Exchange
Ripio, one of the largest crypto exchanges in Latin America, offers wallets, trading services, and payment infrastructure. As OTC trading volume doubled and regional regulations tightened, Ripio needed a robust accounting solution to streamline financial reporting, improve data, and simplify audits.
“Before Taxbit, preparing data for our month-end close took weeks of coordination. Now, even as our transaction volume doubled in a year, Taxbit cut our close time in half. The platform’s filtering by transaction hash is invaluable for audit-readiness, delivering data you can trust”
Francisco De La Torre, Accounting & Tax Coordinate
Ripio
THE PROBLEM
Ripio’s internal accounting processes faced mounting complexity as the platform grew:
- Reconciling on-chain balances with internal ledgers was increasingly time-consuming
- Accurate price tracking across multiple exchanges and aggregators required manual cross-checks
- Classifying a wide variety of transaction types under tight deadlines led to inconsistencies
- Preparing for audits and meeting evolving Latin American regulatory requirements demanded granular, drill-down data
- Scaling internal tools to handle growing volumes risked manual errors and delayed closes
THE SOLUTION
By adopting Taxbit, Ripio centralized blockchain data, exchange APIs, and custody reports into a single, automated platform. Automated cost-basis tracking, rule-based categorization, and built-in roll-forward reports replaced weeks of manual exports. Real-time, hash-level filtering and SOC-grade compliance features ensure audit-ready data on demand.
THE RESULTS
Since implementation, Ripio has:
Halved its month-end close time, even as transaction volumes doubled
Streamlined data preparation and classification, reducing manual effort by over 50%
Delivered transparent, drill-down reports that satisfy auditors and regulators instantly
Built confidence with partners through SOC 1 & 2 compliant reporting out of the box
As Ripio expands Taxbit across additional business lines, wallets, trading, and B2B payments – it continues to focus on innovation rather than manual reconciliation.
