Does Bybit report cryptocurrency transactions to the IRS?

As a cryptocurrency exchange platform, Bybit does not directly report to the United States Internal Revenue Service (IRS). However, U.S. taxpayers are required to report all taxable transactions regardless of whether Bybit reports them or not. It is the responsibility of the individual to maintain accurate records of their cryptocurrency transactions and report their gains and losses on their tax returns. Tax regulations vary by country and taxpayers should comply with the tax laws applicable to their jurisdiction. To assist users in tax filing, Bybit may provide transaction history logs which users can then use to determine their tax obligations in accordance with IRS guidelines for reporting digital asset activity.