- BingX teams up with Blockpit to streamline global crypto tax reporting for users.
- Users get 15% off Blockpit licenses, enhancing tax management and financial strategies.
- Partnership boosts BingX’s commitment to compliance and user empowerment with advanced tax tools.
BingX has teamed up with Blockpit, a leading provider of crypto tax solutions based in Europe. This alliance is set to commence on August 8, 2024 aiming to streamline global tax reporting for BingX users by integrating Blockpit’s advanced tax reporting tools into the BingX platform.
The collaboration between BingX and Blockpit is set to offer BingX users a unique solution for managing their crypto-asset tax responsibility. By utilizing Blockpit’s expertise, BingX aims to provide its users with legal security and compliance, ensuring adherence to the dynamic regulatory environment of various jurisdictions.
This cooperation promises to simplify the tax filing process, offering features such as automated tax report generation and optimization strategies, including tax loss harvesting.
With the integration of Blockpit’s tools, BingX users will benefit from enhanced capabilities in managing their crypto portfolios. The tools will allow efficient tax reporting and enable users to optimize their financial strategies by highlighting potential tax savings and providing insights into their asset’s performance and holding periods.
Moreover, BingX announced that it is offering its users a 15% discount on their first purchase of a Blockpit license, making it more accessible for users to manage their investments wisely.
Vivien Lin, Chief Product Officer at BingX, expressed enthusiasm about the partnership, stating that it underscores BingX’s commitment to compliance and user empowerment.
Lin noted that:
“This strategic alliance with Blockpit will equip our users with essential tools for smart financial management, directly integrated into our platform.”
She emphasized the importance of this integration in enhancing the user experience and building trust by providing transparent and compliant trading operations
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