Bitget, Avalanche form crypto partnership in India
Summary
Bitget has partnered with Avalanche to invest at least $10 million in community initiatives in India, focusing on mini-grants, scholarships, hackathons, and workshops for the Web3 community, particularly in Delhi and Bangalore. Cryptocurrency activity in India has surged, with significant investment growth noted in 2024, especially among youth aged 18-35, who represent nearly 75% of crypto investors. Delhi, Bengaluru, and Mumbai are the top cities for crypto investment. Dogecoin has attracted the most investment in 2024, alongside Bitcoin and Ether. The Indian crypto ecosystem is expanding as global exchanges like Bybit and Coinbase reenter the market. India contributes 12% of Web3 developers globally and 17% of new developers in 2024.
