According to an official release, CoinDCX, a crypto exchange, announces its partnership and investment in KoinX, an automated crypto taxation for Indian investors. This partnership, through its investment arm, CoinDCX Ventures marks an advancement following CoinDCX’s earlier integration and exemplifies CoinDCX’s plan to facilitate a secure crypto trading experience for its users.
“We plan to focus on supporting Web3.0 startups to build and scale their companies. Our team plans to bring knowledge and experience, guiding these startups towards developing PMF and gaining access to a broader ecosystem,” Rohit Jain, managing director, CoinDCX Ventures, explained.
The collaboration is expected to involve insights into product development with a customer-centric focus. It is believed that the partnership will also align marketing efforts to enhance visibility for KoinX along with an advantage of tapping into the CoinDCX community of 1.4 Crore+ users.
“In line with CoinDCX’s plan to ensure a compliant crypto trading journey, we plan to offer a one-click solution within the app. This feature allows users to calculate and file their taxes easily,” Punit Agarwal, founder, KoinX, concluded.
