Bitget, crystallized currency with 100 million users, Declare Partnership with Avalanche to support community initiatives throughout India, one of the fastest growing areas for encryption developers and Web3.
The partnership will witness at least $ 10 million in small scholarships, scholarships, hacking and workshops for the web3 community in the country. The initial focus will be in Delhi and Bangalore. Delhi is the most overly populated city in India, known as the local “Silicon Valley”.
The activity of the cryptocurrency has increased in India over the past two years. According to Coinswitch, there is a local exchange, an investment of encryption throughout the country acceleration In 2024, with the highest concentrations in Delhi (20.1 %), Bengaluru (9.6 %), and Mumbai (6.5 %). Young people from 18 to 35 years now represent approximately 75 % of the country’s encryption investors. While bitcoin (BTC) And the fragrance (Eth) Dugecoin (Dogecoin) remains (DodgeIt attracted most of the investment in 2024, with other mimosins like Shiba Eno (Gray(Pepe (babyAlso obtain a large preposition.
Related to: India has no plans to regulate encryption and purchasing sales
Technology market in India
The growth of the ecosystem for encryption in India coincides with a wave of global exchanges, either to re -enter the market or explore an activity. In February 2025, bybit Registered with local authorities And restore services in the country. In the same month, Coinbase started discussions with the organizers Searching for a return In the Indian market.
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India expected It is among the first countries to finish the finishing touches on a bilateral trade agreement with the United States, with the aim of avoiding imposing mutual definitions by President Donald Trump. In addition, it is said that the country Pursuit An agreement with the United States to reach some technologies and exports.
According to For Web3 Capital Hashed, India already represents 12 % of Web3 developers around the world and contributed 17 % of all new developers who enter the encryption space in 2024.
Related to: The Indian authorities arrested the alleged Garantex founder for our delivery
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