Bitget and Avalanche Team Up for Crypto Expansion in India

Bitget, a crypto trading platform boasting 100 million users, has announced a collaboration with Avalanche aimed at backing community projects throughout India, which is among the quickest-expanding regions for crypto and Web3 creators.

This collaboration aims to distribute a minimum of $10 million through small grants, scholarships, hackathons, and workshops for the Web3 community within the nation. Initially, the efforts will concentrate on Delhi and Bangalore. As the largest urban center in India, Delhi holds significant population density, whereas Bangalore has earned itself the nickname "India’s Silicon Valley."

In the last couple of years, cryptocurrency activities in India have seen significant growth. As reported by CoinSwitch, a domestic trading platform, investments in cryptocurrencies throughout the nation have increased substantially. accelerated In 2024, the highest concentrations were observed in Delhi at 20.1%, followed by Bengaluru at 9.6%, and Mumbai at 6.5%. Currently, individuals aged between 18 to 35 years make up approximately 75% of the nation’s cryptocurrency investors. Although Bitcoin remains prominent, BTC ) and Ether ( ETH ) stayed as popular options, Dogecoin ( DOGE Dogecoin attracted the most investment in 2024, with other memecoins such as Shiba Inu ( SHIB ) and Pepe ( PEPE ) also achieving considerable momentum.

Related: India does not have any intentions to regulate cryptocurrency transactions and trades.

India's tech market

India's cryptocurrency sector has expanded alongside a surge of international exchanges either rejoining the market or seriously considering a comeback. In February 2025, Bybit made this known. registered with local authorities And reinstated services nationwide. During the same period, Coinbase started negotiations with regulators. seeking a comeback in the Indian market.

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India is expected to become one of the initial nations to complete a bilateral trade deal with the United States, seeking to dodge potential reciprocal tariffs imposed by President Donald Trump. Additionally, the nation is said to be seeking an agreement with the US to obtain access to specific technologies and export opportunities.

According According to Web3 venture capital firm Hashed Emergent, India currently makes up 12% of global Web3 developers and accounted for 17% of new entrants into the cryptocurrency field in 2024.

Related: Indian officials detain suspected founder of Garantex for potential extradition to the U.S.