This week, CoinScribble had the pleasure of speaking with Chandan Lodha. Chandan is the Co-Founder of CoinTracker: a portfolio & tax manager for cryptocurrency. Before that, he was a product manager at Alphabet on Project Loon, Android, and Google Search.
What got you involved in the cryptocurrency space?
It was simply too interesting to pass up. I was actually originally pretty skeptical of cryptocurrency at one point (as many are in the early days). Then in 2014 I worked on a small integration between Coinbase and Google and made a bunch of small transactions at the time. Then in 2017 I picked up my account again as the market exploded and I got pulled down the crypto rabbit hole. The more I read, the more excited I got.
Can you give us a brief explanation of CoinTracker and what prompted you to start it?
CoinTracker is a portfolio & tax manager for cryptocurrency. We started it because as hobbyist cryptocurrency investors, my co-founder (Jon) and I found ourselves unable to track our own assets. We had a bunch of coins in a bunch of wallets and no way to easily reconcile the transactions we had made. We built CoinTracker to solve that problem for ourselves.
What makes CoinTracker unique?
We solve the crypto portfolio tracking and tax problems better than anyone else. One of the keys to our success has been the focus on user experience and simplicity.
While many tools add every bell and whistle, we have focused on keeping the product easy to use.
How big is the market that CoinTracker is targeting?
Every person who owns cryptocurrency.
What recent milestone are you most proud of reaching?
We recently crossed 50,000 connected exchange accounts and 25,000 connected local wallets on CoinTracker.
What’s the most exciting part of your day?
Every day is full of excitement; hard to pick just one part!
What is your favorite way to decompress?
Playing soccer! Not only really fun and a great way to exercise, but also really relaxing.
Are there any current trends in the market that excite you?
Excited to see some of the sketchy crypto projects disappear in the market downturn and more focus on building high quality, useful products and services.
