Bitget Partners with KoinX to Streamline Cryptocurrency Taxation Process

Bitget partners with KoinX for streamlined crypto tax reporting for users

NEW DELHI, Aug. 23, 2024 (GLOBE NEWSWIRE) —

Bitget
, a leading cryptocurrency exchange worldwide, is proud to declare a strategic alliance with

KoinX
, a frontrunner in crypto tax report generation services. The venture is aimed at enhancing the crypto trading and investment process by merging the sophisticated tax reporting system of KoinX with Bitget’s solid trading infrastructure.

Bitget’s joint effort with KoinX will streamline the intricate task of tax reporting, aiding users in efficiently handling their cryptocurrency investments. Thanks to shared technological strengths, users will be able to tap into features engineered to ease operations and comply with local tax regulations.

This synergistic partnership touts perks such as effortless data sync, exhaustive tax documentation, reinforced security, and an intuitive interface. A prime highlight is the automated data sync feature that allows for effortless synchronization of trade data from Bitget to KoinX, nullifying manual data entry and vastly mitigating error chances. In addition, users benefit from the capacity to craft detailed tax documents, ensuring a less daunting and more organized tax filing period for crypto participants.

According to Punit Agarwal, founder at KoinX, “We are elated to unveil our pivotal partnership with Bitget, bringing to users the seamless integration of KoinX’s precise and efficient crypto tax reporting tools. This amalgamation is a testimony to our dedication to ease and compliance in the tax reporting journey, guaranteeing an unparalleled user experience. Teaming up with Bitget underscores our resolve to make crypto tax reporting a hassle-free affair for global users, allowing them to meet compliance with confidence.”

“Bitget is consistently leading the charge in adhering to regulatory compliance worldwide, and we are proactively engaging with regulatory authorities in various nations to fortify our compliance framework. We are committed to equipping our community with the requisite tools for success within the dynamic realm of crypto trading,” remarked Bernard Tsen, Sr. Vice President at Bitget.

Bitget clients can streamline their workload, enhance data precision, and uphold compliance with shifting tax norms by leveraging the platform’s TAX API. This alliance reiterates our dedication to innovation and customer satisfaction, revolutionizing the manner in which users engage in trade, oversee, and disclose their cryptocurrency holdings. Bitget’s incorporation of KoinX’s inventive tax reporting services not only streamlines trading activities but also provides users with autonomy over their fiscal duties.

Bitget recently enlisted Hon Ng, a former executive at Binance, as its new Chief Legal Officer (CLO) to bolster its regulatory compliance and broaden global outreach. Ng’s focus will include managing worldwide regulatory compliance, liaising with regulators, and furthering Bitget’s pursuits to acquire licenses across emerging markets.

Starting December 15, 2023, Bitget mandated all participants to complete their KYC procedures to harness the full suite of the platform’s cryptocurrency trading functionalities.

About Bitget

Founded in 2018, Bitget ranks as a premier cryptocurrency exchange and Web3 entity, serving a clientele of over 25 million in excess of 100 countries and territories. Bitget is devoted to empowering smarter trades with its trailblazing copy trading service and other innovative solutions. Originally recognized as BitKeep, Bitget Wallet is a global multi-chain cryptocurrency wallet offering a complete suite of Web3 services, featuring wallet utilities, swap mechanisms, an NFT marketplace, a dApp browsing capability, and more. Bitget propels a pro-crypto stance through strategic partnerships, including its association with the iconic Argentine footballer Lionel Messi and Turkish national athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team).