Kraken partners with our friends at SerenAI and their free desktop app to let users securely reconcile their Kraken 1099-DA against full trading history locally, flag tax issues, and save documentation before filing.

Kraken, the U.S.-based crypto exchange, has launched a tax-focused partnership with SerenAI, a free desktop application that helps users locally reconcile their IRS Form 1099-DA from Kraken against their complete on-exchange trading history before filing taxes. According to Kraken’s official support FAQ, the integration is designed so that all reconciliation, issue-flagging, and report generation happens on the user’s own device, with no trading data or results leaving the computer. The Kraken–SerenAI workflow lets customers import their Kraken credentials into the SerenAI desktop app (Mac, Windows, or Linux) to automatically pull their full Kraken transaction history and compare it with the information reported on their 1099-DA form. The tool then generates a plain-language report that highlights potential discrepancies, tax-relevant issues, and a Form 8949 readiness checklist that users can share with a tax preparer or CPA. Kraken positions this as a way for U.S. customers who receive a 1099-DA to understand exactly what the form contains, verify that it matches raw trade data, and preserve documentation of any mismatches or edge cases prior to filing a return. From a regulatory and compliance perspective, the partnership reflects growing scrutiny on crypto tax reporting in the U.S., especially after the IRS introduced Form 1099-DA for digital asset brokers. By encouraging users to reconcile their forms independently and locally, Kraken is addressing concerns about accuracy in broker-reported data, minimizing data-sharing with third parties, and giving customers materials they can use if questions arise with tax authorities or professional advisors. The integration with SerenAI also shows exchanges increasingly relying on specialized third-party tooling to meet complex tax-reporting expectations while emphasizing user privacy and control over transactional records.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Kraken Partners With Greensea Systems (krakenrobotics.com)
• Konecta Joins Kraken's New Global BPO Partner Program (konecta.com)
• Octopus Energy spins out AI-native utility software subsidiary Kraken (siliconangle.com)
• AI startup Sierra partners with utilities company Kraken Technologies (axios.com)
• Octopus Energy Group to spin off Kraken (kraken.tech)

Explore the topic

• Kraken
• App
• Crypto Taxes