Lykke and CryptoTaxCalculator Integration: Crypto taxes at a discounted rate

Zug, Switzerland. – June 13th, 2022. Lykke, a Swiss-based commission-free cryptocurrency exchange and CryptoTaxCalculator, a tool to help identify, track and organize all your crypto activity across hundreds of exchanges and blockchains with ease, announce their partnership and the integration of the two platforms. The integration will allow cryptocurrency traders to generate a tax report by using CryptoTaxCalculator for their transactions on the Lykke Wallet cryptocurrency exchange. This partnership makes the life of Lykke users again easier.  Lykke users will receive a special discount for CryptoTaxCalculator. To apply the discount, the user will add the code during checkout and receives 30% off in the first year with CryptoTaxCalculator. This offer is only valid for a limited time. The plan allows Lykke users to sort out their crypto taxes without using Excel. To connect their Lykke account to the CryptoTaxCalculator the user needs to register. Additional instructions are available here. “We are delighted to announce the partnership with CryptoTaxCalculator and offer our users to benefit from the intuitive interface and the visually configurable tax reports of the CryptoTaxCalculator. As the crypto tax regulation evolves, our active users need to comply with the tax laws. The integration of the CryptoTaxCalculator with the zero-fee cryptocurrency exchange Lykke aims to address exactly this.” - Richard Olsen,CEO and founder of Lykke. “At CryptoTaxCalculator, we’re working on making crypto users’ lives easier, no matter where they are in the world - which is why this partnership with Lykke made perfect sense. We’re excited to work together to make crypto tax compliance more accessible for their multitude of users.” - Shane Brunette, CEO and co-founder of CryptoTaxCalculator. About Lykke Lykke is an umbrella term for a group of entities that offer blockchain-powered solutions on a B2B and a B2P level. Lykke runs a proprietary cryptocurrency trading platform Lykke Wallet exchange. Lykke Wallet is a commission-free exchange which offers zero trading fees both to retail and high-frequency, or algorithmic, traders. Lykke has been on the market since 2015, and it has gained a reputation as a fully-functional, transparent and reliable cryptocurrency trading platform with highly cost-effective trading conditions. Lykke not only offers cryptocurrency trading without fees but also maintains low buy-sell spreads on all crypto and fiat trading pairs. There are some 20 selected cryptocurrencies, and the list is growing. To start trading, download the app or get registered on our website! About CryptoTaxCalculator CryptoTaxCalculator is building the platform to make understanding your tax obligations simple and straightforward. Their tools help identify, track and organize all your crypto activity across hundreds of exchanges and blockchains with ease and accuracy.

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Lykke Wallet Lists AVAX for Trading Without Fees

Zug, Switzerland, June 2022 Lykke Corp, a financial service and product provider based in Switzerland, announces the listing of Avalanche (AVAX) at its proprietary commission-free cryptocurrency exchange Lykke Wallet. Avalanche is a blockchain platform that is like Ethereum in that it supports smart contracts to run decentralized applications. However, it produces faster transaction speeds and higher scalability than Ethereum, leading crypto enthusiasts to call it an Ethereum killer. “Ethereum Killer” is a term used to refer to blockchains that tackle one or more of Ethereum’s limitations. You can now deposit, trade, and withdraw AVAX with zero fees on the Lykke exchange using the following trading pairs: AVAX/BTC AVAX/CHF AVAX/EUR AVAX/GBP AVAX/USD AVAX/USDC AVAX/USDT About Avalanche Avalanche deals with two main problems, interoperability and transaction speed. In tackling interoperability, Avalanche uses subnets, which are custom-created blockchains that operate with the primary network’s security. Avalanche also deals with Ethereum’s slow transaction speed with a superior consensus mechanism. It uses the Proof of Stake (PoS) consensus mechanism, where users stake some of their tokens so that the network can verify transactions and keep the blockchain secure. As a result, the Avalanche blockchain can process over 4,500 transactions per second (tps), way more than Ethereum’s 15 tps.     About AVAX, the native token of Avalanche AVAX is the native token of the Avalanche blockchain. You can use AVAX as a currency within the protocol to pay for fees or receive incentives.  You can also stake AVAX to validate the blockchain. When you stake, you can choose to be a validator or a delegator. Both validators and delegators receive rewards for ensuring the protocol’s safety by staking. AVAX has enjoyed massive growth as a cryptocurrency, especially in 2021, when it grew by over 3,300%, from $3.15 on New Year’s day to $109.38 on the last day of the year. So if you had invested $1,000 into AVAX at the beginning of the year, your investment would have been worth about $34,000 at the end of the year.  At the time of writing, AVAX is the 15th most valuable cryptocurrency in the worth, with its price hovering around $22. The price drop is due to the crypto market crash of May 2022 caused by the collapse of the Terra ecosystem.  AVAX is limited in supply, with the maximum supply capped at 700 million tokens. At the time of writing, over 40 million AVAX tokens have been mined, giving the cryptocurrency a total market cap of about $6 billion.    Despite the bear market, AVAX has the fourth-most total value locked (TVL) at $4.04 billion, just behind Ethereum, Binance Smart Chain, and TRON, proving that the protocol is fundamentally strong. Also, Avalanche has partnered with big financial names like Mastercard and Deloitte for blockchain technology development schemes. How to trade AVAX with zero fees You can trade AVAX with no fees on the Lykke exchange.  All you have to do is register and get verified at Lykke Wallet through an easy and fast KYC procedure. After this, you can deposit your funds by bank transfer using the fiat gateway. Crypto deposits in your account on Lykke are also free. After you have credited your wallet with your deposits, you can exchange them to AVAX with zero trading fees.     About Lykke Lykke is a Swiss-based and UK-registered crypto trading platform that uses complex trading algorithms to provide zero fees for crypto traders who wish to buy, store, and trade their cryptocurrencies.  With Lykke, you are guaranteed a safe trading environment, as the platform is AML and KYC compliant and has a robust exchange architecture. To open an account, please register here.

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Lykke Wallet Lists Dogecoin for Trading Without Fees

Zug, Switzerland. – October 6th, 2021. Lykke Corp, a financial service and product provider based in Switzerland announces the listing of Dogecoin (DOGE) at its proprietary commission-free cryptocurrency exchange Lykke Wallet. Dogecoin is a cryptocurrency project that grew out of a meme and has become so popular as to occupy the 10th place in the CMC rating (at the time of writing). Dogecoin deposits, withdrawals and trading were enabled yesterday, October 5th, 2021. Dogecoin was originally launched as a joke, ironically highlighting the volatility of the cryptocurrency market. Its protocol is based on Luckycoin and Litecoin and its mining consumes relatively little energy. Dogecoin is meant as a means of payment and it is often used as a cryptocurrency for tipping meme creators in the social media. It does not support smart contracts and is inflationary in nature. The inflation rate is stable and fixed. By drawing on humor and irony, Dogecoin managed to grow in price by thousands of percentage points since its inception in 2013, and to build a substantial community of users. Now Doge traders and investors can buy Dogecoin with zero commission and trade it without trading fees at Lykke Wallet. These trading conditions are specifically favorable for day traders as they can leverage the Lykke zero fee policy in high-frequency trading. Trading pairs: DOGE / BTC DOGE / CHF DOGE / ETH DOGE / EUR DOGE / GBP DOGE / USD How to trade Doge without fees: Users have first to get verified at Lykke Wallet through a simple and fast KYC procedure. Then by using the fiat gateway, they can deposit their funds by bank transfer (with 0 fees, we cover the banking fees for our clients! This is a very special and limited in time offer). Crypto deposits are free. After the funds have been credited to your Lykke account, you can exchange them to Dogecoin without trading fees. About Lykke  Lykke is a Swiss-based investment and financial product provider leveraging the power of the blockchain. Lykke runs a proprietary exchange — Lykke Wallet — where clients can buy, sell and store selected cryptocurrencies without trading fees and with low spreads. Our sophisticated trading algorithms allow us to maintain the overall transaction costs very low for the users. While the regulatory compliance and a robust exchange architecture create a safe trading environment.

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Lykke Lists a New VLD/USDT Pair

Zug, Switzerland. – April 28th, 2022. Lykke, a no-fee crypto exchange based in the UK, and Vetri, a foundation for data ownership, announce the launch of a new VLD/USDT pair for trading with zero fees on Lykke crypto exchange. The new pair has replaced the originally listed VLD/BTC and VLD/ETH ones. “You are just a number to us” says the website of Vetri, a platform that brings together data owners and data buyers. Users can share their data in a completely anonymized form with marketers, researchers, and other data consumers. The system is powered by the VLD token that allows users to monetize their data. “The Vetri  team are our friends; we have been working with them for many years. Our collaboration is a success story: Vetri has a rapidly expanding loyal community thanks to the cost benefits of its offering where the trade for free policy of the Lykke exchange is instrumental,” said Richard Olsen, the founder and CEO of Lykke. “We are happy to continue our long-lasting partnership with Lykke. As we grow our business and therefore organic demand for our VLD token, we are finally well positioned to bring organic demand generated from our VETRI app to the exchange. We have grown to 30k monthly unique active users in the USA and are starting our European journey now. In the past years, we have been busy building a compelling product. With this, we can now come back to our token, the heart of our ecosystem, and finally start marketing it,” said Jonathan Llamas, Vetri’s Member of the Board of Directors.   About Vetri VETRI allows you to securely store and control your data. On top of it, the platform has built a marketplace (the VETRI app) which enables its users to monetise their data and opinions, being able to exchange specific data points to data consumers or answer surveys, exchanging their opinions’ for the platform’s native crypto, which can be redeemed for cash equivalent (Paypal or gift cards). The foundation was built in 2018 and has been growing ever since. The roadmap features an expansion of marketing partnerships and staking/yield farming of the VLD token. About Lykke Lykke is a Swiss-based group of fintech companies developing and implementing blockchain-based solutions and products. One of its key offerings is the no-fee crypto exchange Lykke where users can trade cryptocurrencies totally for free. The exchange has been on the market since 2015 and offers more than 20 selected cryptocurrencies. Other features include 24/7 support, robust API for high-frequency trading and free deposits by SWIFT and by SEPA. To start trading, please register here.

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Lykke Increases its Fiat Deposit Limit to 50000 EUR

Zug, Switzerland. – April 20th, 2022. Lykke zero fee crypto exchange based in the UK announces that fiat deposit limits at its venue have been increased for low-risk countries. Trading, especially cryptocurrency, is a risky activity, which is why regulators impose measures to protect traders and investors. Lykke has always highlighted its commitment to high-security standards and the AML and KYC regulations. Among these measures are fiat deposit limits that allow exchanges to better comply with the AML best practices. At the same time, deposit limits are a hurdle for professional traders and investors who operate with significant amounts of funds. With the view of finding a balance between the regulatory best practices and users’ interests, Lykke is increasing fiat deposit limits for low-risk countries to an equivalent of 50’000 EUR per 30 calendar days.  This amount you can deposit with your regular KYC status. In case you desire to exceed this limit, please contact our support team to submit proof of funds. At the same time, in case you are located in a jurisdiction that belongs to a different risk category, you still can have a higher deposit limit, but, similarly, we will require a document proving the legal origins of your funds. For a full list of Countries Risk Ratings, please check this page.  About Lykke exchange Lykke is a no-fee cryptocurrency exchange that stands out from its mainstream competition thanks to its fee policy. We do not charge any taker or maker fees, fiat deposit or withdrawal fees. Crypto deposits are also free of charge, while crypto withdrawal fee amounts depend on each asset. Lykke has been on the market since 2015 and has gained a reputation for being a transparent and API-trading-friendly crypto exchange with no hidden fees, robust architecture and human support.

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Lykke and Merkle Science Announce their Cooperation

Zug, Switzerland. – April 13th, 2022. Lykke Corp, a financial service and product provider based in Switzerland, announces its cooperation with Merkle Science, a Predictive Crypto Risk & Intelligence Platform. The companies join their forces to enhance the security level on the Lykke zero fee crypto exchange. Merkle Science provides next generation crypto threat detection, risk management and compliance for businesses, banks and government agencies. The company was founded in 2018 and is based in Singapore. Since its inception, the company has been steadily growing in the space of blockchain analytics and crypto compliance. Merkle Science’s flagship product, Compass, is a next generation transaction monitoring and wallet screening solution which will be used by Lykke. Some of the company’s other salient solutions include: > Transaction screening and wallet monitoring > Crypto crime investigation > Enhanced due diligence and entity reporting > Crypto compliance and investigation training Lykke is committed to creating a safe and secure trading environment by complying with the KYC and AML regulations. We not only implement the industry’s best practices, but also continuously improve our exchange infrastructure to monitor and avoid any kinds of risks. By implementing Merkle Science’s Compass solution, we enhance our system with a powerful AI-driven transaction screening tool. This is another milestone in our process towards a more optimized infrastructure and a more scalable underlying architecture. “By cooperating with Merkle Science we enhance our compliance standards in the view of our commitment to getting regulatory approvals. Creating a safe trading environment for our customers is one of our priorities and AI powered tools are a great step forward in this direction” - said Richard Olsen, the CEO and founder of Lykke. “Our partnership with Lykke is founded on a shared vision - that the gap between traditional finance and blockchain can be bridged by creating the infrastructure to support crypto’s safe and healthy growth. We are proud to provide the technology to support their commitment to regulatory compliance and consumer protection.” - said Mriganka Pattnaik, CEO and founder of Merkle Science About Lykke Lykke Corp is a Swiss based fintech company that operates on a B2B and a B2C level. The company offers blockchain products and services that aim at democratization of finance. The main product offering of the group is the Lykke crypto exchange based in the UK. The platform offers unique trading conditions, such as zero fiat deposit and withdrawal fees and zero trading fees for all assets. The absence of taker and maker fees makes the venue particularly attractive for API and institutional investors and traders. The company was founded in 2015 and since then has gained a reputation as a transparent business and a safe trading platform.

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