BingX, a leading global cryptocurrency exchange, has announced its partnership with CoinTracking, a comprehensive cryptocurrency portfolio management and tax reporting platform. This collaboration aims to provide BingX users with a streamlined solution for tracking their crypto investments and generating accurate tax reports.
CoinTracking is a well-known crypto portfolio tracker and tax software in the market. It offers a user-friendly interface and a wide range of features that enable users to effortlessly track their cryptocurrency portfolios, monitor real-time market prices, and generate accurate tax reports. By syncing BingX trading accounts with CoinTracking, users can easily import their transaction data, including trades, deposits, and withdrawals. The platform automatically categorizes and calculates the taxable events, eliminating the need for manual data entry and reducing the risk of errors.
Managing and tracking cryptocurrency investments can be a complex task, especially when it comes to accurately calculating taxes and generating comprehensive tax reports. With the integration of CoinTracking, BingX users now have access to a powerful tool that simplifies the process and ensures compliance with tax regulations that continue to evolve. CoinTracking helps users generate detailed reports for capital gains, losses, income, and other taxable events, ensuring a smooth and hassle-free tax filing experience.
Malte Harwardt, Head of CoinTracking Business Development, highlighted the importance of being on top of changing crypto tax laws and achieving full tax compliance. He encouraged BingX users to import their trades into CoinTracking to automatically calculate their gains and generate the right tax forms.
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. The partnership with CoinTracking further strengthens BingX’s mission to connect users with expert traders and provide a safe and innovative trading experience.
Overall, this collaboration between BingX and CoinTracking offers institutional crypto investors a valuable tool to simplify tax reporting and ensure compliance with evolving regulations.