Algorithmic Ratings & Investment Analysis
©ARIA 2025
by aria-crypto.com
April 29, 2025 at 19:29
Avalanche and Bitget Unite to Fuel India's Growing Crypto Ecosystem
Bitget, a leading cryptocurrency exchange with a user base of 100 million, has partnered with Avalanche to bolster Web3 initiatives in India.
The collaboration aims to allocate at least $10 million in mini-grants, scholarships, hackathons, and workshops, primarily focusing on Delhi and Bangalore.
As India's crypto market expands, youth aged 18 to 35 represent a significant 75% of all crypto investors in the nation.
According to CoinSwitch, Delhi, Bengaluru, and Mumbai are emerging as the top cities for crypto investment in India.
Interestingly, while Bitcoin and Ether are enduring favorites, Dogecoin has captured the highest investment in 2024, signaling a shift in investor preferences.
This surge in crypto activity coincides with global exchanges reentering the Indian market, with firms like Bybit and Coinbase eyeing a comeback.
India's crypto ecosystem is vital, contributing 12% of the global Web3 developer population, as reported by Hashed Emergent.
Moreover, the country aims to finalize a bilateral trade agreement with the United States, while actively seeking technological partnerships.
The initiatives from Bitget and Avalanche reflect a growing commitment to nurturing India's rapidly evolving cryptocurrency landscape.
As the market matures, collaborations like this promise to foster innovation and development within the Web3 community in India.
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