Volume on altcoin exchanges
Here is how each of them works:. Some platforms like Binance , Coinbase , and Kraken , for example, provide such a service. IRS Notice defines cryptocurrencies as property, which means that everything you buy with digital coins will be taxed as a short- or long-term capital gain, depending on the holding period. The potential of your idea aside, this may be due to pure market mechanics. However, many cryptocurrency trading platforms fall in the second category.
