Kryptos has announced a strategic partnership with Bitstamp to improve accessibility and compliance in Web3 finance.

Date – 07-Aug-2024

Kryptos has announced a strategic partnership with Bitstamp to boost accessibility and compliance in Web3 finance.

Kryptos, a leading platform in Web3 finance, is excited to announce a strategic partnership with Bitstamp, the world’s longest-running cryptocurrency exchange. This collaboration introduces a one-click connectivity feature that allows users to seamlessly link their Bitstamp accounts with the Kryptos platform, opening up new financial opportunities within the Web3 ecosystem.

The partnership will enable users to manage their digital assets and access a range of advanced financial tools on Kryptos, combining the strengths of both platforms to enhance user experience and financial management. Bitstamp users will also receive exclusive discounts on Kryptos’s services, including premium features and analytics tools, further refining their investment and trading strategies.

A key aspect of this partnership is its focus on improving compliance with crypto tax obligations amid increasing regulatory scrutiny. The integration provides users with tools to generate accurate tax reports and adhere to local regulations seamlessly. Users can also perform comprehensive portfolio analysis, real-time tracking, and receive personalized financial insights, simplifying the complexities of cryptocurrency investment and management.

Mr. Sukesh Tedla, CEO of Kryptos, remarked, “This partnership with Bitstamp is a major milestone for Kryptos as we continue to expand our ecosystem and collaborate with leading platforms in the crypto space. By integrating Bitstamp’s robust trading infrastructure with our advanced Web3 financial tools, we are setting a new standard for accessibility and compliance in the digital asset industry.”

JB Graftieaux, CEO of Bitstamp, added, “We are thrilled to partner with Kryptos, providing our customers with access to a broader range of sophisticated financial and analytics tools. The synergy between Kryptos’ platform and our secure, reliable infrastructure will offer users a seamless way to manage their assets and meet compliance requirements more efficiently.”

Kryptos is at the forefront of Web3 finance, developing a standardized financial data protocol layer that connects diverse blockchain platforms. As the leading Open Banking standard for Web3, Kryptos enables developers, businesses, and end-users to share and utilize data effortlessly. Supporting over 5,000 platforms, including major CEXs, DeFi protocols, and blockchain networks, Kryptos enhances interoperability, compliance, and accessibility in Web3 with its APIs and products, such as real-time financial analytics, compliance-ready tax reporting, and personalized portfolio management.

Bitstamp, the world’s longest-standing cryptocurrency exchange, has been providing secure and transparent access to crypto since 2011. With a strong track record and mature approach, Bitstamp serves over five million individuals and is a trusted partner for institutional clients in the crypto markets. Recognized for its security and compliance, Bitstamp holds more than 50 licenses and registrations with financial regulators worldwide and is the only crypto exchange to receive seven consecutive AA ratings on CC Data’s Exchange Benchmark report.