Bitget and KoinX Connect to Revolutionize Cryptocurrency Tax Reporting

• Bitget’s partnership with KoinX offers automated syncing and detailed tax reports for users.
• The collaboration improves security and compliance also making it easier to manage crypto investments.

As tax season approaches, crypto investors often encounter the tricky task of minimizing their tax liabilities. To solve this, Bitget has formed a strategic unity with KoinX, a market leader in cryptocurrency tax reporting solutions. This collaboration intends to improve the user experience by combining KoinX’s broad tax reporting technology and Bitget’s strong trading platform.

Collaboration Drives Tax Reporting and Compliance

Collaboration delivers several major benefits, such as automated data synchronization, complete tax reports, and increased security. Automated syncing makes tax reporting easier by removing manual data entry and lowering the probability of errors. This functionality allows users to efficiently manage their crypto assets and provide accurate tax reports.

Punit Agarwal, KoinX’s co-founder, expressed pleasure in the relationship, emphasizing its potential to streamline tax filing and ensure compliance. “We are excited to offer users seamless access to our accurate and efficient tax solutions, making crypto tax reporting effortless and boosting user confidence,” Agarwal told reporters.

Bitget, founded in 2018, has over 25 million users in more than 100 countries and continues to innovate with features such as copy trading and a multi-chain crypto wallet. The company’s partnerships with well-known celebrities such as Lionel Messi demonstrate its commitment to encouraging cryptocurrency usage.

This partnership additionally supports Bitget’s overall regulatory efforts. Bitget has appointed Hon Ng, a former Binance executive, as Chief Legal Officer to handle worldwide compliance and expansion into new areas. In addition, beginning December 15, 2023, Bitget will require all users to submit KYC information in order to use trading services.

The integration supports over 25,000 digital assets, NFTs, and decentralized exchanges and connects to over 270 wallets and exchanges. This comprehensive support gives consumers a detailed picture of their holdings and tax responsibilities.

Through ways of this strategic partnership, Bitget, and KoinX intend to strengthen the transparency and compliance within the cryptocurrency sector, which will ultimately lead to a more efficient and simple tax filing process.