Taxes on Ember

Investing in crypto on Ember is more tax-efficient than simply buying/trading individual coins on Coinbase, FTX or Uniswap. Ember is built on top of Set Protocol.

Taxes vary greatly by jurisdiction. For any financial, tax, or legal matters, we recommend consulting your own professionals. While we cannot provide you with specific tax guidance, users should be aware that any exchange of crypto (e.g. ETH to WBTC) may be a taxable transaction in their jurisdiction. In certain jurisdictions, users may be able to recognize short or long term capital gains or losses when selling Sets they’ve acquired rather than after each rebalance. Because of the variety of outcomes based on jurisdictions, we are unable to provide a definitive answer to the tax treatment of TokenSets.