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Kryptos has partnered with RocketX exchange, one of the best crypto aggregator platforms. This partnership is to boost the utility of our platform meteorically, offering RocketX users access to tax assistance and instant tax reports, ensuring a one-size-fits-all solution for crypto traders and investors.

Here’s everything you need to know about this collaboration and the inherent benefits that come with it. Our goal here is to address all your reservations and answer any queries you might have about this collaboration. 

What exactly is the RocketX Exchange?

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RocketX is the most advanced hybrid CEX & DEX aggregator that makes it easy to compare prices across 250+ exchanges to help traders with the best prices with every Swap while enjoying 100% ownership of their digital assets.

For dapps & institutions, the platform acts as a middleware by simplifying access to global crypto liquidity via a single API for in-app crypto swaps with best prices and 1-click cross-chain capabilities.

RocketX intends to enhance interoperability between blockchains and drive mass adoption of crypto by simplifying access to all leading blockchains via a single UI and API.

Moreover, it also offers advanced features like 1-click cross-chain swaps between all leading blockchains, decentralized access to deep liquidity on leading CEXs like OKX, Kucoin, Huobi, MEXC, Gate etc. to get users the best rates with the lowest slippage & gas fee.

Users can also swap between wallets with just one click and switch to multiple chains all from within the app or the website.

Here’s why RocketX is preferred over the other centralized or decentralized exchanges.

• Better Price Discovery- Since RocketX is an aggregator platform, it can help traders discover the best prices across all exchanges.
• More Efficient- You can track multiple tokens across different exchanges all at once using RocketX.
• Enhanced Security- RocketX offers 2FA and secure storage to ensure the highest standards of security for its users
• Self-custody: RocketX is the only platform that allows users to trade across both CEX & DEX and still enjoy 100% ownership of their digital assets. 
• ‍Better Decision-Making- With access to more data points and a refined data set, users can make better decisions.
• More Convenient- With access to a centralized dashboard harbouring 12,000+ tokens and advanced features like a customizable dashboard, RocketX offers more convenience.

Explaining the Synergy: Kryptos x RocketX

During the initial discussions around this collaboration, we couldn't help but notice some striking similarities between our brands, while RocketX aggregates token statistics across all exchanges, Kryptos is a transaction list aggregator fetching transactions from across the sea of digital wallets and crypto exchanges to create legally compliant tax reports securely and effortlessly.

And the similarities didn’t end with the operational structure, our vision, goals, and priorities naturally align with each other. That’s one of the biggest reasons why we decided to go ahead with this collaboration, the synergies were evident.

The partnership defines a clear goal, to make crypto investments, portfolio management and taxation convenient for our users, and with our coordinated efforts we will make sure the crypto space will thrive on the concocted utility.

After full integration, RocketX users can easily access their portfolios, categorized historical transactions, profit & loss summaries, and tax reports compliant with their local jurisdiction, while this will make things convenient for investors and traders, it will also assist us in creating more accurate analyses for our customers. 

By making it more convenient and accessible for users to invest and manage their crypto portfolios, our shared cooperation will increase the adoption.

Read Also: Declare Your Cryptocurrency to the CRA: Step-by-Step Guide for Canadians

Where can you find the RocketX exchange on our website?

Kryptos users can access RocketX from our app. 

• If you use the Kryptos app, you can find RocketX on the top navigation bar of the app.

Here’s what the founders have to say about this collaboration - 

“We're thrilled to announce our partnership with the RocketX team. This aligns with our commitment to making DeFi taxes simple and effortless. Our aim with this collaboration is to create a platform that simplifies crypto taxation and investments for everyone. Together, we will be working towards building a brighter future for Web3.”

- Sukesh Tedla, Founder Kryptos

“We’re delighted to collaborate with Kryptos that is addressing one of the burning problems for crypto traders; to be able to easily do tax reporting for their trades across different platforms.

At the same time we are thrilled to be the one-stop solution for their users for crypto trading. This partnership takes us 1 step closer to drive mass adoption of crypto globally.”

- Davinder Singh, Co-founder RocketX

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All content on Kryptos serves general informational purposes only. It's not intended to replace any professional advice from licensed accountants, attorneys, or certified financial and tax professionals. The information is completed to the best of our knowledge and we at Kryptos do not claim either correctness or accuracy of the same. Before taking any tax position / stance, you should always consider seeking independent legal, financial, taxation or other advice from the professionals. Kryptos is not liable for any loss caused from the use of, or by placing reliance on, the information on this website. Kryptos disclaims any responsibility for the accuracy or adequacy of any positions taken by you in your tax returns. Thank you for being part of our community, and we're excited to continue guiding you on your crypto journey!