- Bitget’s partnership with KoinX provides users with automatic synchronization and detailed tax reports.
- The collaboration improves security and compliance and also makes it easier to manage crypto investments.
As tax season approaches, crypto investors often face the tricky task of minimizing their tax liabilities. To solve this problem, Bitget has formed a strategic unit with CoinXa market leader in cryptocurrency tax reporting solutions. This collaboration aims to improve the user experience by combining KoinX’s comprehensive tax reporting technology with Bitget’s strong trading platform.
Collaboration promotes tax reporting and compliance
Collaboration offers several important benefits, such as automated data synchronization, complete tax reporting, and increased security. Automated synchronization makes tax reporting easier by eliminating manual data entry and reducing the chance of errors. This feature allows users to Crypto assets and prepare accurate tax reports.
Punit Agarwal, co-founder of KoinX, expressed his delight at the collaboration, highlighting its potential to simplify tax filing and ensure compliance. “We are excited to provide users with seamless access to our accurate and efficient tax solutions that make crypto tax filing effortless and build user confidence,” Agarwal told reporters.
Founded in 2018, Bitget 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 promoting the use of cryptocurrencies.
This partnership further supports Bitget’s overall regulatory efforts. Bitget has appointed Hon Ng, a former Binance executive, as Chief Legal Officer to lead global regulatory compliance and expansion into new areas. In addition, starting December 15, 2023, Bitget will require all users to submit KYC information 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 overview of their holdings and tax obligations.
Through this strategic partnership, Bitget and KoinX intend to strengthen transparency and compliance in the cryptocurrency sector, which will ultimately lead to a more efficient and easier tax filing process.
