A survey conducted by U.S.-listed crypto exchange, Coinbase (COIN), and Cointracker, a crypto tax and portfolio tracking platform, has found that over half of customers don't understand the concept of taxability in relation to their digital asset holdings. The survey, conducted in 2025, found that only 49% correctly understand that crypto is taxable anytime it is sold, while nearly a quarter mistakenly believe simple transfers trigger tax events. The confusion around cost basis in the new 1099-DA forms is exacerbated by a degree of overreporting built into the new regime. Despite these issues, experts believe the move to standardized reporting of crypto taxes will help adoption in the long run.