Crypto Gets a Boost in India With New Bitget-Avalanche Partnership

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 Crypto Boom Attracts Renewed Interest From Global Exchanges

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.