Popular crypto exchange Bitget has announced a new partnership with KoinX, an Indian-based cryptocurrency tax and accounting solutions provider and crypto portfolio manager. The collaboration aims to add a new dimension to the trading platform's features and functionalities.
In a joyous post on X, Punit Agarwal, Founder and CEO at KoinX, announced, "KoinX has come a long way, but we've got miles ahead! We are excited to announce that KoinX is now global! We've teamed up with Bitget, one of the top exchanges in the world, to simplify tax reporting for all their users. This is just the beginning of making crypto compliance seamless for 20+ countries now," said Agarwal.
KoinX Partners with Bitget to Enhance Overall Trading Experience
The partnership will grant Bitget's crypto investors access to KoinX's advanced integral services, including tax reporting, crypto assets, and portfolio management. Moreover, such streamlined service features will result in a better user interface experience and simplified transactions.
In addition, it will facilitate compliance with tax regulatory policies by utilizing KoinX's expert services. Meanwhile, synchronization in real-time between the two platforms allows a crypto investor to trade seamlessly. At the same time, reports would automatically generate and effortlessly document, awaiting the tax season.
With the above features, mechanical data entry to generate tax reports has become obsolete. Also, such real-time syncing will reduce the chances of transaction data input errors down to zero. Indeed, both platforms collaborating is evolutionary in tax reporting for crypto traders.
Bitget Remains Committed to Attaining Users’ Satisfaction
For context, this partnership highlights the exchange's priority to satisfy and empower its customers, embrace innovations, and adhere to regulatory guidelines in the presently unstable worldwide regulatory framework. Such compliance is necessary to avoid accruing fines for defaulting and eventual ousting of the exchange from a region.
Thus, each Bitget user will comply with each new policy issued by regional regulators by leveraging KoinX's software and services. Such modifications to enhance traders' experience on the platform have earned the exchange substantial growth in users globally and increased dominance in the crypto industry.