Bitget, a cryptocurrency exchange with 100 million users, has partnered with Avalanche to enhance community initiatives in India, recognized as a rapidly growing hub for crypto and Web3 developers. The collaboration is set to allocate at least $10 million toward mini-grants, scholarships, hackathons, and workshops, with initial focus on Delhi and Bangalore. Crypto activity in India has surged over the last two years, with youth aged 18-35 constituting nearly 75% of investors. Popular choices among investors include Bitcoin and Dogecoin, which attracted significant investment in 2024. India's crypto ecosystem is experiencing substantial growth as global exchanges reenter the market, with firms like Bybit and Coinbase exploring opportunities in the region. Moreover, India ranks highly in the global Web3 landscape, accounting for 12% of developers and contributing significantly to new entrants in the crypto space.

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