Bitget, a global crypto exchange with over 100 million users, has joined forces with Avalanche to fuel India’s rapidly growing Web3 ecosystem.
The partnership will invest at least $10 million into grassroots initiatives—ranging from mini-grants and scholarships to hackathons and developer workshops—aimed at empowering the country’s next generation of blockchain talent.
Early efforts will concentrate on Delhi, India’s most populous city, and Bengaluru, the nation’s tech capital.
India’s crypto momentum continues to climb, with 2024 seeing a notable surge in investment activity.
According to data from local exchange CoinSwitch, Delhi leads with 20.1% of national investment, followed by Bengaluru at 9.6% and Mumbai at 6.5%.
Young investors dominate the market, with 75% aged between 18 and 35.
While Bitcoin and Ether remain top holdings, memecoins—especially Dogecoin, Shiba Inu, and Pepe—captured outsized interest in the past year.
India’s expanding crypto ecosystem is unfolding alongside a fresh wave of global exchanges re-entering or eyeing a return to the market.
In February 2025, Bybit reestablished operations after registering with local authorities, while Coinbase entered talks with regulators to pave its way back.
Meanwhile, India is on track to become one of the first nations to finalise a bilateral trade agreement with the United States, seeking to avert potential tariffs under President Donald Trump’s administration and secure greater access to strategic technologies and exports.
The country’s growing influence is already evident: according to Web3 venture firm Hashed Emergent, India accounts for 12% of the world’s Web3 developers and contributed 17% of all new entrants into the crypto space in 2024.
Trudeau seeks to raise capital gains tax, with the Canada Revenue Agency aiming to collect $40 million in unreported cryptocurrency taxes.
WeiliangPresident Biden's efforts to safeguard national security through executive action against MineOne garnered praise amidst criticism from the crypto industry over regulatory clashes. As the November elections approach, his stance on both issues will play a pivotal role in shaping his electoral prospects and broader policy trajectory.
AnaisJiashi Fund's CEO reveals that mainland Chinese investors may be able to trade Bitcoin spot ETFs within two years. U.S. media highlights that Bitcoin has moved to the forefront of the American political agenda.
AlexAlexey Pertsev, the creator of Tornado Cash, has been convicted of laundering $1.2B and sentenced to 64 months in jail, signalling potentially far-reaching consequences for developers working on open-source code projects.
CatherineBitcoin receives a significant positive boost as Vanguard plans to appoint former BlackRock executive Salim Ramji as its new CEO, who holds a friendly stance towards cryptocurrencies.
WeiliangMemecoins, like GME and others, ride on hype and social media buzz, skyrocketing in value but often lacking real-world use, leading to scams and massive losses for investors. While some see memecoins as a gateway to crypto, others warn of manipulation and regulatory challenges, urging for balanced regulation to protect investors.
AnaisChengdu police have cracked a major underground money exchange operation using USDT as a medium, involving an amount up to 13.8 billion yuan.
AlexThe emergence of crypto has brought about significant changes across multiple industries, including gambling. But with perks like anonymity, faster transactions, and the likes, will crypto trading become a gambling addiction instead?
KikyoThe Apple Vision Pro, amidst initial excitement, faces declining sales and user interest due to high pricing and usability issues, while Meta's strategic collaborations with Lufthansa and Tencent signal its aggressive push into VR markets.
WeatherlyBitget aims to mirror major exchanges by initiating an on-chain ecosystem with a $10M fund, boosting its Web3 presence and native token utility.
Miyuki
