Bitget and Avalanche Join Forces to Fuel India’s Web3 Growth

Bitget and Avalanche Join Forces to Fuel India’s Web3 Growth

$10M investment targets youth, developers, and innovation hubs in Delhi and Bangalore

Two Giants, One Mission: Drive Crypto Innovation in India

In a strategic move that could redefine the future of blockchain in India, crypto exchange Bitget — boasting a global user base of 100 million — has partnered with Avalanche, a leading blockchain platform. The goal: supercharge India’s Web3 developer ecosystem through funding, education, and infrastructure.

The duo plans to distribute at least $10 million across a variety of initiatives, including mini-grants, scholarships, hackathons, and technical workshops. This push will begin in Delhi, the country’s most populous city, and Bangalore, widely known as India’s Silicon Valley.

“India has one of the fastest-growing Web3 communities in the world — and global players are taking note,” said a source familiar with the initiative.

Crypto’s Surge in India: Youth Take the Lead

Despite regulatory friction and harsh tax laws, India’s appetite for crypto has only grown more intense. According to data from local exchange CoinSwitch, crypto adoption surged in 2024, with:

• Delhi accounting for 20.1% of national activity,

• Bengaluru at 9.6%, and

• Mumbai contributing 6.5%.

Perhaps even more striking is the age breakdown: nearly 75% of Indian crypto investors are aged 18 to 35, underscoring a youth-driven wave of digital asset enthusiasm.

While traditional giants like Bitcoin (BTC) and Ether (ETH) remain top picks, 2024 saw Dogecoin (DOGE) lead in popularity, followed closely by Shiba Inu (SHIB) and Pepe (PEPE).

A Bigger Picture: India’s Growing Influence in Web3

The Bitget-Avalanche partnership arrives at a time when major international exchanges are warming back up to the Indian market. In early 2025:

• Bybit resumed operations after registering with local authorities.

• Coinbase began talks with Indian regulators to chart a return.

India’s broader ambitions are also expanding. The country is pursuing a trade pact with the U.S. that could unlock access to advanced technologies and reduce barriers for cross-border tech flows.

And the numbers back India’s rise. According to Web3 VC firm Hashed Emergent:

• India now represents 12% of all Web3 developers globally.

• The country also contributed 17% of new developers entering crypto in 2024 alone.

“This is no longer just an emerging market. India is now a global force in blockchain talent.”