Bitget Partners with Avalanche to Support Web3 Community Initiatives in India

Bitget, a cryptocurrency exchange with 100 million users, has announced a partnership with Avalanche to support community initiatives across India

Bitget, a cryptocurrency exchange with 100 million users, is joining forces with Avalanche to empower the Web3 community in India.

The partnership will focus on supporting community initiatives across India, one of the fastest-growing areas for crypto and Web3 developers. The initiative will commence with at least $10 million in mini-grants, scholarships, hackathons, and workshops.

The initial programs will be launched in Delhi and Bangalore. Delhi is the most populous city in India, and Bangalore is known as the local “Silicon Valley.”

Cryptocurrency activity in India has soared in recent times. According to CoinSwitch, a local exchange, crypto investment across the country ramped up in 2024, with the highest concentrations in Delhi (20.1%), Bengaluru (9.6%), and Mumbai (6.5%). Youth aged 18 to 35 accounted for nearly three-quarters of the country's crypto investors.

While Bitcoin (BTC) and Ether (ETH) remained popular, Dogecoin (DOGE) attracted the most investment in 2024, followed by Shiba Inu (SHIB) and Pepe (PEPE).

India has no plans to regulate sales and purchases of cryptocurrencies, but the government is working on legislation to regulate the cryptocurrency industry.

The growth of India’s crypto ecosystem comes as several global exchanges either reenter the market or actively explore a return. Bybit registered with local authorities and restored services in the country in February 2025. In the same month, Coinbase began discussions with regulators seeking a comeback in the Indian market.

India is expected to be among the first countries to finalize a bilateral trade agreement with the United States, aiming to avoid the imposition of reciprocal tariffs by President Donald Trump. In addition, the country is seeking a pact with the US to gain access to certain technologies and exports.

According to Web3 venture capital firm Hashed Emergent, India already accounts for 12% of Web3 developers worldwide and contributed 17% of all new developers entering the crypto space in 2024.