KoinX, the leading crypto taxation platform, and CoinDCX, India’s most valued crypto investment app, have announced a strategic partnership to simplify and expedite the process of crypto tax reporting for Indian crypto investors. This partnership will allow CoinDCX traders to get their crypto tax reports in less than 3 clicks.
Why this partnership?
The partnership comes at a time when the Indian crypto industry is witnessing a surge in adoption and innovation, but also facing regulatory uncertainty and compliance challenges. According to a recent report by Chainalysis, India ranks second in the world in terms of crypto adoption, with over 100 million users and $40 billion worth of transactions in 2022. However, the Indian government is yet to clarify its stance on crypto taxation and regulation, leaving investors in a state of confusion and anxiety.
CoinDCX and KoinX aim to address this gap by providing a seamless and user-friendly solution for crypto tax reporting that is fully compliant with crypto tax laws in India. We aim to empower Indian crypto investors with the tools and knowledge they need to file their taxes accurately.
Announcing🎉
— KoinX (@KoinXOfficial) June 29, 2023
KoinX has partnered with India's leading crypto exchange @CoinDCX to revolutionize your crypto tax experience!
Now, with just one click, you can look forward to:
✅ Track Portfolio
✅ ITR Ready Crypto tax report
✅ Seamless ITR Filing#2MinsCryptoTax
1/2 pic.twitter.com/fFCFqtM5AV
What will users get from this partnership?
This partnership will benefit users in multiple ways:
One-step integration from CoinDCX
Users can easily connect their CoinDCX account to KoinX’s platform and import their transactions seamlessly without having to deal with complex crypto addresses. CoinDCX users can avail KoinX’s crypto tax reporting features at a 30% discounted rate. To avail the discounted rate use coupon code-COINDCX30.
Add other exchanges and wallets
Users can also integrate their other wallets and exchanges with KoinX’s platform and get a consolidated view of their crypto portfolio and tax liabilities.
Easy calculation of crypto tax liabilities
Users can leverage KoinX’s advanced technology and expertise to calculate their crypto tax liabilities accurately and efficiently. KoinX supports over 25,000 crypto assets, 125+ wallets and exchanges, NFTs, and DEXes. KoinX also provides transparent and comprehensive tax reports that are fully compliant with Indian tax laws.
CoinDCX is India’s most valuable and user-friendly crypto investment app that offers a range of products for every investor/traders – from beginners to experts. CoinDCX allows users to invest in Bitcoin, Ethereum, and other 200+ crypto assets with fast, easy-to-use, and secure software. CoinDCX also provides educational resources and community support to help users learn and grow in the crypto space.
KoinX is a cutting-edge crypto tax solution that automates the calculation of crypto tax liabilities for Indian investors. KoinX offers powerful tools, such as real-time market data, in-depth analysis, and comprehensive tax reports. KoinX also provides free resources and tips to help users understand and file their crypto taxes.
The partnership between CoinDCX and KoinX is expected to boost the growth and innovation of the Indian crypto ecosystem by providing a much-needed service for millions of investors. The two companies also plan to collaborate on further initiatives to educate and empower the Indian crypto community.
