AI Indexes
Finance AI Index
October 2026 Edition · The permanent record of this edition. The unqualified address always carries the latest edition.
Index › Accounting and close › Crypto accounting › Enterprise › October 2026 Edition

Crypto accounting for enterprise buyers

Asked as “crypto accounting platform”, and as “digital asset subledger”, on behalf of an enterprise B2B company. 49 first choices recorded across the direct, paraphrase, budget and scale prompts, fourteen models each. Added to the October 2026 Edition on October 4, 2026; its answers are read by the distilled judge (ai-indexes-judge-qwen3-14b-run3), not the claude-opus-5 judge of the earlier categories: how the two compare.
Standing · first-choice share
57%
Clear leader
57Bitwave14Cryptio06Breezing22others

57% of first choices, clear leader.

By buyer segment

The same question asked on behalf of a different buyer. Each standing is computed within its segment; they sit side by side and are never added together.

The standing

Share is the count of first choices across the direct, paraphrase, budget and scale prompts, over all fourteen models, for an enterprise B2B company. Ordered by share.
ProductFirst-choice shareNegative rateLabelsQuadrant
01Bitwave57%5%66endorsed leader
02Cryptio14%8%49accepted challenger
03TRES Finance4%10%41accepted challenger
04Cryptoworth4%11%28accepted challenger
05SoftLedger4%20%20accepted challenger
06TaxBit2%12%26accepted challenger
07CoinTracker2%50%12criticized challenger
Show the four products at 0%, ordered by negative rate
11Koinly0%83%12criticized challenger
10CoinLedger0%75%12criticized challenger
09Ledgible0%18%11accepted challenger
08Lukka0%7%14accepted challenger
Bars are the share of first choices, 0 to 100Every product with at least 10 labels here. Every product name links to its product page.
All twenty-eight head-to-head pages: the top eight products, each against each

One product takes 57% of first choices here, so the chart would put ten markers in one corner and one at the far edge. The two measurements it plots are columns in the standing above: share, and the negative label rate. Three products carry a negative rate above 25% in this category.

What they warned about

Six of fourteen models held their first choice under the paraphrase. Claude Haiku 4.5, GPT-5.4 mini, Gemini 3.5 Flash, Mistral Small, Kimi K2, MiniMax M2.5, GPT-6 Luna and Muse Glimmer 30B changed. A high negative share on a product with few labels is a warning. A low share on a product with many labels is salience, not sentiment.
CoinLedger
75%
9 of 12 labels negative · 8 of 14 models · 9 hard negative
“Platforms designed primarily for individual investors should be avoided for enterprise use: - **Coinledger**: While rated as a top tool for CPAs, it's classified as investor tax software rather than business general-ledger accounting” GLM 4.7 FlashX, negative prompt
Koinly
83%
10 of 12 labels negative · 8 of 14 models · 8 hard negative
“avoid/stay away from consumer-focused tax calculators and portfolio trackers ... the consumer examples most commonly cited in the market are CoinTracker, Koinly” Muse Glimmer 30B, negative prompt
CoinTracker
50%
6 of 12 labels negative · 6 of 14 models · 4 hard negative
“avoid/stay away from consumer-focused tax calculators and portfolio trackers ... the consumer examples most commonly cited in the market are CoinTracker” Muse Glimmer 30B, negative prompt
ZenLedger
100%
6 of 6 labels negative · 5 of 14 models · 5 hard negative
“Avoid as the enterprise system of record - Individual tax-preparation tools such as Koinly, CoinLedger, ZenLedger, and CoinTracker.” GPT-6 Luna, negative prompt

What they cite

Citations exist only for the models that return a source list: fourteen of the fourteen in this edition, and all six flagship models on the expanded tier.

Sites the answers cite

78 of 84 answers in this category came back with a source list, from 14 of 14 models: citations where the model returns them, or the search results it consulted. 1036 links across 183 sites, every framing counted. Ranked by the number of answers carrying the site or page. None of the 252 answers across every segment cited this index's own page for the category.

vendor site · Spark50 answers · 53 citations · 11 models
vendor site · Bitwave49 answers · 113 citations · 14 models
vendor site · TRES42 answers · 78 citations · 13 models
vendor site · CoinLedger34 answers · 34 citations · 14 models
32 answers · 35 citations · 10 models
vendor site · Breezing29 answers · 51 citations · 11 models
29 answers · 29 citations · 10 models
vendor site · Cryptoworth26 answers · 36 citations · 12 models
21 answers · 24 citations · 9 models
vendor site · Node4019 answers · 22 citations · 9 models
18 answers · 36 citations · 8 models
vendor site · Sourceforge18 answers · 20 citations · 10 models

Pages the answers cite

The ten pages named in the most answers, by full address. A page here is one the models returned with a recommendation, not one the index endorses.

Search against answers

Each company's standing in the answers beside its site's footprint in Google search, one row a site: the products the models named on it with their shares, and the share they add up to; monthly searches on Google, and DataForSEO's estimate of AI search demand (modeled from search signals, directional, not a count of queries to any assistant), for the most-searched of the company's and its products' names (the name is in each row's hover text); estimated monthly organic visits to the site; and its best position in Google's top ten for “best crypto accounting platform”, “crypto accounting platform”, “crypto accounting platforms”. US estimates from DataForSEO and Google's Ads Transparency Center. A small company's site, or a mid-sized company's site for its flagship, is marked company; a product on a large parent's site (Google, Microsoft) has no site figures. A column with no figures for this category is left out, and an empty cell means none were seen, not none exist. Two measurements side by side: neither is read as the cause of the other.
Company and productsShareOwn site citedName searches, GoogleAI search demand, est.Organic visitsPaid search a month, est.Google ads, last 30 daysBest Google position
Bitwave bitwave.io57%158590692961
Cryptio cryptio.co14%136201,000118762
Breezing breezing.io6%67673,00063,2512824
TRES Finance tres.finance4%902604200177
Cryptoworth cryptoworth.com4%9232011,33506
SoftLedger softledger.com4%6221001,87201
TaxBit taxbit.com2%411,300174,748$527
Node40 node40.com2%12700235
Fireblocks fireblocks.com2%635,4005569,31718
Oracle Fusion oracle.com
Oracle Fusion Cloud Financials 2%
2%37,410,638 company$247101

Google's top ten for the three searches hold 17 sites; 6 of them are among the sites the models cited here (bitwave.io, breezing.io, coinledger.io, cryptoworth.com, node40.com, tres.finance). The first result for “best crypto accounting platform” is linkedin.com.

How they answered

Six framings of the same buying question, each sent to every model in a fresh session with search on. One row per model, so a row shows whether it held its answer under rewording, what it named when cost was the constraint, and what it argued against. Computed from the raw judge labels.
ShowHide
ModelDirect“What is the best crypto accounting platform for an enterprise B2B company?”Paraphrase“Which digital asset subledger would you recommend to a large B2B company with thousands of employees?”Comparative“What are the top enterprise-grade crypto accounting platforms and how do they differ?”Budget-constrained“What is the best crypto accounting platform for a large company that needs predictable total cost across thousands of users?”Scale-constrained“We are a 5,000 person company with SSO, SOC 2 and procurement review requirements evaluating a crypto accounting platform. What should we look at?”Negative“Which crypto accounting platforms should a large enterprise avoid or be cautious about?”
Claude Haiku 4.5Bitwave, Cryptio
One alternativeSoftLedger
BitwaveChanged
Three alternativesCryptoworth, NetSuite, TRES Finance
Bitwave
Two alternativesCryptio, TRES Finance
Breezing
Two alternativesCryptoworth, SoftLedger
against: Bitwave
no first choiceagainst: Integral, QuickBooks Online, Sage Intacct, SoftLedger, Xero
GPT-5.4 miniFireblocks, TRES Finance
One alternativeLedgible
Oracle Fusion Cloud FinancialsChanged
One alternativeFireblocks
Bitwave, Cryptio
Four alternativesCrypto Backoffice, Ledgible, TRES Finance, TaxBit
Cryptoworth
One alternativeBitwave
against: CoinLedger
no first choicenothing named
Gemini 3.5 FlashBitwave
Three alternativesCryptio, SoftLedger, TRES Finance
CryptioChanged
Two alternativesBitwave, TRES Finance
Bitwave
Four alternativesCryptio, Integral, TRES Finance, TaxBit
SoftLedger
Three alternativesBitwave, Breezing, Cryptio
no first choiceagainst: CoinLedger, CoinTracker, Consola Finance, Koinly, NetSuite, QuickBooks Online, TurboTax Crypto, Xero, ZenLedger
Perplexity SonarBitwave
Two alternativesCryptio, TaxBit
BitwaveHeld
One alternativeCryptoworth
Bitwave
Five alternativesCryptio, Cryptoworth, Integral, Lukka, Node40
Cryptio
One alternativeBitwave
no first choicenothing named
Grok 4.1 FastBitwave
Five alternativesCryptaCount, Cryptio, Node40, SoftLedger, TRES Finance
BitwaveHeld
Two alternativesCryptio, TaxBit
Bitwave, Cryptio
Five alternativesLedgible, Lukka, Node40, TRES Finance, TaxBit
against: CoinLedger, Koinly
Bitwave
Two alternativesCryptio, TRES Finance
against: Breezing, CoinTracker, Koinly, Ledgible, ZenLedger
Bitwave
Two alternativesCryptio, TRES Finance
against: Accointing, Blockpit, CoinLedger, CoinTracking, Koinly, QuickBooks, Xero, ZenLedger
Mistral SmallBitwave
Two alternativesCryptaCount, TRES Finance
Bitwave, CryptoworthChangedTRES Finance
Two alternativesBitwave, Cryptio
Bitwaveagainst: Cryptio, TRES Financeno first choiceagainst: ZenLedger
DeepSeek V4 FlashBitwave
Two alternativesCryptio, Cryptoworth
BitwaveHeld
Four alternativesCryptoworth, Lukka, TRES Finance, TaxBit
TRES Finance
Four alternativesBitwave, Cryptio, Lukka, TaxBit
SoftLedger
Two alternativesBitwave, Cryptio
against: Breezing, TRES Finance
no first choiceagainst: CoinLedger, CoinTracker, CoinTracking, Koinly
Llama 4 MaverickBitwave
Two alternativesCryptaCount, TRES Finance
BitwaveHeldBitwaveBitwave
Two alternativesCryptaCount, Cryptoworth
no first choicenothing named
Qwen 3.7 FlashBitwave
One alternativeNode40
BitwaveHeld
One alternativeTaxBit
CoinTracker, TaxBit
Three alternativesAxbx, CoinTracking.info, TokenFi
TaxBit
Three alternativesBlockchain.com Institutional, CryptoLedger, Cryptowise
against: CoinTracking, Koinly
no first choicenothing named
Kimi K2Cryptio
Two alternativesBitwave, TRES Finance
BitwaveChanged
One alternativeTRES Finance
against: CoinTracker, Cryptio
TRES Finance
Five alternativesBitwave, Cryptio, Integral, Lukka, TaxBit
Breezing
One alternativeSoftLedger
against: Bitwave, Cryptio, Cryptoworth, TRES Finance
Bitwave
Two alternativesCryptio, TRES Finance
against: Bench, CoinLedger, CoinTracking, Consola Finance, CryptoTrader.Tax, Koinly, TaxBit, TokenTax, Waltio
GLM 4.7 FlashXBitwave
Four alternativesCoinTracker, Cryptio, Cryptoworth, TRES Finance
BitwaveHeld
One alternativeCryptoworth
Bitwave
Four alternativesCryptio, Integral, Lukka, TRES Finance
no first choiceno first choiceagainst: CoinLedger, CoinTracking.info, Koinly, NetSuite, QuickBooks, Xero
MiniMax M2.5Bitwave, TRES Finance
One alternativeNode40
BitwaveChanged
Two alternativesCryptio, Cryptoworth
Bitwave
Three alternativesCryptoworth, Node40, TRES Finance
Breezing
Two alternativesBitwave, Cryptio
against: Cryptoworth, Ledgible, SoftLedger
no first choicenothing named
GPT-6 LunaBitwave
Two alternativesCryptio, TaxBit
CryptioChanged
One alternativeBitwave
no first choiceagainst: TRES FinanceCryptio
One alternativeCrypto Backoffice
against: SoftLedger
no first choiceagainst: Bitwave, CoinLedger, CoinTracker, Cryptio, Cryptoworth, Koinly, Lukka, SoftLedger, TaxBit, ZenLedger
Muse Glimmer 30BBitwave, Cryptio
One alternativeTRES Finance
BitwaveChanged
Two alternativesCryptio, Cryptoworth
Bitwave
Five alternativesCryptaCount, Cryptio, Cryptoworth, TRES Finance, TaxBit
CoinTracker
Four alternativesBitwave, Cryptio, Ledgible Enterprise Accounting, TRES Finance
Node40
Two alternativesBitwave, TaxBit
against: Accointing, Blockpit, CoinLedger, CoinTracker, CoinTracking, CryptoTaxCalculator, Koinly, Summ, TaxBit, ZenLedger
Bold is the first choiceAlternatives are counted; the count opens them.What the answer argued against

The record

One row per call: the version string exactly as returned, whether the model searched, sources cited, and latency. Full answer text is in the free responses file. Download the record
Eighty-four rows: every prompt, every model, every answer.
PromptModelVersion stringTime (UTC)SearchedSourcesLatency
Direct recommendationClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:28yes98 s
Direct recommendationGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 22:18yes25 s
Direct recommendationGemini 3.5 Flashgemini-3.5-flash2026-10-04 22:57yes1423 s
Direct recommendationPerplexity Sonarsonar2026-10-04 23:08yes153 s
Direct recommendationGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 22:59yes199 s
Direct recommendationMistral Smallmistral/mistral-small via mistral2026-10-04 22:58yes53 s
Direct recommendationDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 23:09yes2033 s
Direct recommendationLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 22:44yes52 s
Direct recommendationQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 22:19yes1762 s
Direct recommendationKimi K2moonshotai/kimi-k2 via novita2026-10-04 23:01yes1243 s
Direct recommendationGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 23:04yes2027 s
Direct recommendationMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 22:12yes714 s
Direct recommendationGPT-6 Lunagpt-6-luna2026-10-04 22:14yes314 s
Direct recommendationMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 22:17yes1521 s
ParaphraseClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:41yes159 s
ParaphraseGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 22:50yes26 s
ParaphraseGemini 3.5 Flashgemini-3.5-flash2026-10-04 22:33yes1019 s
ParaphrasePerplexity Sonarsonar2026-10-04 23:12yes203 s
ParaphraseGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 23:04yes217 s
ParaphraseMistral Smallmistral/mistral-small via mistral2026-10-04 22:35yes53 s
ParaphraseDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 22:41yes2323 s
ParaphraseLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 22:46yes53 s
ParaphraseQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 22:40yes526 s
ParaphraseKimi K2moonshotai/kimi-k2 via novita2026-10-04 22:41yes1317 s
ParaphraseGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 22:33yes1321 s
ParaphraseMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 23:22yes1032 s
ParaphraseGPT-6 Lunagpt-6-luna2026-10-04 22:45yes213 s
ParaphraseMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 23:11yes1321 s
ComparativeClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:33yes99 s
ComparativeGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 23:13yes78 s
ComparativeGemini 3.5 Flashgemini-3.5-flash2026-10-04 22:52yes2028 s
ComparativePerplexity Sonarsonar2026-10-04 22:12yes194 s
ComparativeGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 22:51yes1811 s
ComparativeMistral Smallmistral/mistral-small via mistral2026-10-04 22:34yes97 s
ComparativeDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 23:25yes2275 s
ComparativeLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 22:58yes53 s
ComparativeQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 22:41no028 s
ComparativeKimi K2moonshotai/kimi-k2 via novita2026-10-04 22:35yes2131 s
ComparativeGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 22:30yes2374 s
ComparativeMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 22:49yes1019 s
ComparativeGPT-6 Lunagpt-6-luna2026-10-04 23:02yes726 s
ComparativeMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 22:52yes1431 s
Budget constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:53yes149 s
Budget constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 23:18yes46 s
Budget constrainedGemini 3.5 Flashgemini-3.5-flash2026-10-04 23:11yes1630 s
Budget constrainedPerplexity Sonarsonar2026-10-04 22:24yes173 s
Budget constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 23:12yes1910 s
Budget constrainedMistral Smallmistral/mistral-small via mistral2026-10-04 22:23yes54 s
Budget constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 22:13yes2229 s
Budget constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 23:18yes52 s
Budget constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 22:48no026 s
Budget constrainedKimi K2moonshotai/kimi-k2 via novita2026-10-04 22:49yes1722 s
Budget constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 23:16yes1990 s
Budget constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 22:16yes1838 s
Budget constrainedGPT-6 Lunagpt-6-luna2026-10-04 23:13yes328 s
Budget constrainedMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 22:53yes1924 s
Scale constrainedClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:27no011 s
Scale constrainedGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 22:34yes312 s
Scale constrainedGemini 3.5 Flashgemini-3.5-flash2026-10-04 22:42yes1130 s
Scale constrainedPerplexity Sonarsonar2026-10-04 22:49yes156 s
Scale constrainedGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 22:43yes189 s
Scale constrainedMistral Smallmistral/mistral-small via mistral2026-10-04 23:16no07 s
Scale constrainedDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 22:57yes2041 s
Scale constrainedLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 22:13yes54 s
Scale constrainedQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 23:01yes530 s
Scale constrainedKimi K2moonshotai/kimi-k2 via novita2026-10-04 22:48yes2338 s
Scale constrainedGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 23:00yes22163 s
Scale constrainedMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 22:53no011 s
Scale constrainedGPT-6 Lunagpt-6-luna2026-10-04 22:12yes428 s
Scale constrainedMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 22:33yes1322 s
Negative framingClaude Haiku 4.5claude-haiku-4-5-202510012026-10-04 22:32yes2815 s
Negative framingGPT-5.4 minigpt-5.4-mini-2026-03-172026-10-04 22:33yes26 s
Negative framingGemini 3.5 Flashgemini-3.5-flash2026-10-04 22:49yes2635 s
Negative framingPerplexity Sonarsonar2026-10-04 23:17yes204 s
Negative framingGrok 4.1 Fastspacexai/grok-4.1-fast-non-reasoning via vertex2026-10-04 22:51yes1710 s
Negative framingMistral Smallmistral/mistral-small via mistral2026-10-04 23:24yes169 s
Negative framingDeepSeek V4 Flashdeepseek/deepseek-v4-flash via deepinfra2026-10-04 22:35yes2444 s
Negative framingLlama 4 Maverickmeta/llama-4-maverick via bedrock2026-10-04 22:11yes52 s
Negative framingQwen 3.7 Flashalibaba/qwen3.7-flash via alibaba2026-10-04 23:23yes1037 s
Negative framingKimi K2moonshotai/kimi-k2 via novita2026-10-04 23:01yes2226 s
Negative framingGLM 4.7 FlashXzai/glm-4.7-flashx via zai2026-10-04 22:45yes2248 s
Negative framingMiniMax M2.5minimax/minimax-m2.5 via minimax2026-10-04 22:56no07 s
Negative framingGPT-6 Lunagpt-6-luna2026-10-04 22:37yes430 s
Negative framingMuse Glimmer 30Bmeta/muse-glimmer-30b via togetherai2026-10-04 22:25yes1930 s

Normalization in this category

Every judgment call made between the raw labels and the numbers above, listed so it is visible and reversible.

ShowHide
Category-scoped readings
TRES read as TRES Finance
Unresolved, counted raw
Axbx
Blockchain.com Institutional
CryptoLedger
Ledgible Enterprise Accounting
Ledgible Tax Pro by Verady
TokenFi
Wag3s
Discontinued, still offered
No shut-down product was recommended here.
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