Partnership Announced: Bitget Teams Up with Avalanche to Boost Web3 Development in India
Partnering Up to Boost Web3 Adoption
Bitget and Avalanche are teaming up to bring web3 to the masses in India. The announcement was made on April 28, signifying their combined strength to propel the digital asset trading and blockchain technology movement in the country.
Bitget has declared their strategic collaboration with Avalanche, aiming to bridge the gap between theory and practice when it comes to web3 adoption. This alliance follows both parties' efforts to widen access and adoption of cryptocurrencies.
Devika Mittal, the regional head at Ava Labs, expressed their goal "to provide a space for any web3 enthusiast – whether in Delhi, Varanasi, or elsewhere – to connect and build."
Avalanche's partnership with government agencies in India, such as initiatives focused on welfare projects and mini-grants, stands out in this alliance. The network's robust ecosystem growth, with numerous decentralized applications launching, signifies a strong potential for expansion.
Bitget, on the other hand, has unveiled initiatives like Blockchain4Youth, committing $10 million over five years to support scholarships, workshops, and hackathons worldwide. They also want to empower women-led Web3 projects through the Blockchain4Her initiative, both in India and globally.
Bitget views this partnership as a significant step towards expanding Web3 adoption and plans to collaborate through 2025. Jyotsna Hridyani, head of Bitget South Asia, shared her thoughts: "Empowering users with right knowledge is crucial to unleashing the potential of blockchain in India's digital future."
India is becoming a leading destination for cryptocurrencies, with its massive population representing a large market for web3 applications. Bitget recently secured regulatory approval as a digital asset service provider in El Salvador and saw a 159% surge in spot trading volume during the first quarter of 2025, reaching an astounding $2.08 trillion. The exchange's native token, Bitget Token (BGB), ranks among the top 50 by market cap.
In July 2024, Bitget declared plans to seek full regulatory approval in India. The partnership between Bitget and Avalanche could unlock over one million new jobs by 2030 in the blockchain sector, as reported by the exchange.
This dynamic partnership between Bitget and Avalanche aims to drive grassroots blockchain adoption and empower India’s Web3 developer community through various initiatives, including educational workshops, scholarships, grants, and hackathons. The collaboration focuses particularly on young adults (18-35 years), who make up 75% of India’s crypto investors. The regional hubs of Delhi and Bangalore will be the initial focus areas for these initiatives.
This alliance comes as India's crypto investments surged in 2024, with memecoins like Dogecoin garnering attention alongside Bitcoin and Ether. The return of global platforms like Bybit and Coinbase to India signals renewed regulatory engagement in the region.
The educational opportunities, grants, and workshops will help address skill gaps in the country and foster a pipeline of developers, driving innovation in projects on Avalanche's high-speed blockchain. The focus on women-led initiatives could lead to a more diverse participation in India’s Web3 ecosystem. By empowering users and offering accessible learning tools, Bitget positions itself as a key player in India's Web3 future.
- Bitget and Avalanche, in their strategic collaboration, aim to bridge the gap between theory and practice for web3 adoption, particularly in India.
- Devika Mittal, the regional head at Ava Labs, stated a goal to provide a space for web3 enthusiasts across India to connect and build.
- Avalanche's partnership with government agencies in India, such as welfare projects and mini-grants, contributes to the alliance's aim of widening the access and adoption of cryptocurrencies.
- Bitget has initiated Blockchain4Youth, committing $10 million over five years to support scholarships, workshops, and hackathons worldwide, with a focus on empowering women-led Web3 projects.
- The partnership between Bitget and Avalanche is a significant step towards expanding web3 adoption and has plans to collaborate through 2025.
- India's digital future relies on providing users with the right knowledge to unleash the potential of blockchain technology, as pointed out by Jyotsna Hridyani, head of Bitget South Asia.
- The alliance between Bitget and Avalanche could unlock over one million new jobs by 2030 in the blockchain sector, as reported by the exchange.
- By offering educational opportunities, grants, and workshops, Bitget positions itself as a key player in India's Web3 future, focusing on addressing skill gaps and fostering a diverse participant pool in the Web3 ecosystem.
