NEW DELHI, Aug. 23, 2024 (GLOBE NEWSWIRE) — Bitgetthe world’s leading cryptocurrency trading platform, is pleased to announce a strategic partnership with CoinXa pioneer in cryptocurrency tax filing solutions. This collaboration aims to improve the experience of crypto traders and investors by integrating KoinX’s advanced tax filing software with Bitget’s robust trading platform.
The partnership between Bitget and KoinX will simplify the complexities of tax filing and make it easier for users to manage their crypto investments. Users will gain access to a range of features designed to simplify their operations and ensure compliance with regional tax laws by leveraging the combined strength of both platforms.
The key benefits of this integration include automatic sync, comprehensive tax reporting, enhanced security, and a user-friendly interface. Key features include automatic sync, which makes it easier for users to sync their Bitget trading data with KoinX. This eliminates the need for manual entry and significantly reduces the risk of errors. Additionally, users can easily generate detailed tax reports. This feature makes tax filing season less stressful and more manageable for crypto investors.
Punit Agarwal, founder of KoinX, comments on the developmentsaid: “We are very excited to announce our strategic partnership with Bitget, which will provide users with seamless access to KoinX’s accurate and efficient crypto tax reporting solutions. This integration ensures compliance and simplifies the tax reporting process, providing an exceptional user experience. Our collaboration with Bitget reflects our commitment to making crypto tax reporting effortless for users worldwide and enabling them to comply with regulations with ease and confidence.”
“Bitget is at the forefront of ensuring regulatory compliance around the world and we are actively working with regulators in respective countries to strengthen our compliance structure. At Bitget, we believe in giving our community the tools they need to succeed in the ever-evolving crypto landscape,” said Bernard Tsen, Sr. Vice President at Bitget.
By leveraging Bitget’s TAX API, Bitget users can save time, improve accuracy, and comply with evolving tax regulations. This partnership reinforces our commitment to innovation and user satisfaction and transforms the way users trade, manage, and report their crypto assets. By integrating KoinX’s innovative tax reporting solutions, Bitget not only simplifies the trading process but also enables users to take control of their financial responsibilities.
Bitget recently appointed former Binance executive Hon Ng as its new Chief Legal Officer (CLO) to bolster regulatory compliance and global expansion efforts. Ng will focus on similar responsibilities, overseeing regulatory compliance globally, leading dialogues with regulators, and leading the company’s efforts to obtain licenses for new markets.
Starting December 15, 2023, Bitget will make it mandatory for all users to submit their KYC details to access the platform’s crypto trading services.
About Bitget
Founded in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 25 million users in over 100 countries and regions, Bitget exchange is committed to helping users trade smarter with its groundbreaking copy trading feature and other trading solutions. Bitget Wallet, formerly known as BitKeep, is a top-notch multi-chain crypto wallet that offers a range of comprehensive Web3 solutions and features including wallet functionality, swap, NFT marketplace, DApp browser, and more. Bitget inspires individuals to engage with crypto by working with credible partners including legendary Argentine footballer Lionel Messi and Turkish national athletes Buse Tosun Çavuşoğlu (wrestling world champion), Samet Gümüş (boxing gold medalist) and İlkin Aydın (national volleyball team).
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