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.
Built to load every transaction in real time.
"Before Taxbit, we couldn’t find a provider with an API that would allow us to load all of PayPal’s transactions in real-time. Uploading and reconciling huge files at the end of the year was not an option."
Ignacio De Loizaga · Director of Market Development, Blockchain, Crypto & Digital Currencies, PayPal
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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.
