Seychelles-based crypto exchange Bitget has integrated KoinX to provide traders and investors with the ability to report taxes on cryptocurrencies.

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.

Easier tax calculation through automation

The integration offers automatic sync, comprehensive tax reporting, enhanced security, and a user-friendly interface. Key features include automatic sync, which makes it easy 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.

Commenting on this development, KoinX representatives said they are delighted to announce their partnership with Bitget, which provides 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.

In a response, Bitget representatives said they aim to ensure regulatory compliance globally and are actively working with regulators in respective countries to strengthen their compliance structure. At Bitget, they believe in equipping their community with the tools they need to succeed in the ever-evolving crypto landscape. By leveraging Bitget’s TAX API, Bitget users can save time, improve accuracy, and comply with evolving tax regulations.