Crypto Exchange Bitget and Avalanche are working together to promote the adoption of digital asset trading and blockchain technology in India.
Bitget announced on April 28th that it had participated in a strategic collaboration with Avalanche (Avax). This move follows a variety of efforts by both avalanches and bitgets in their quest to expand access and adoption of crypto.
Devika Mittal, Regional Director of AVA Labs, commented:
“Our goal at the event is to provide space for any Web3 enthusiast to connect and build, whether in Delhi, Varanasi or elsewhere.”
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Avalanche collaboration with Indian government agencies, including programmes focused on welfare projects and mini-grants, stands out in this alliance. The growth of robust ecosystems in the network suggests a strong possibility of expansion, with several decentralized applications being launched.
Meanwhile, Bitget has deployed initiatives such as BlockChain4Youth and pledged $10 million to support scholarships, workshops and hackathons over five years. Exchange’s BlockChain4Her initiative targets women-led Web3 projects both in India and around the world.
Avalanche and Bitget believe their partnership is essential to expanding Web3 adoption and plan to work together until 2025.
said jyotsna hridyani, head of Bitget in South Asia:
“To fully lock the possibilities of blockchain in India’s digital future, empowering users with the right knowledge is essential. At Bitget, we are committed to filling this gap through community programs, university partnerships and accessible learning tools.”
India is one of the world’s largest crypto destinations, with its large population providing a large market for Web3 applications.
Bitget announced in July 2024 that it is working on full regulatory approval in India.
Recently, Crypto Exchange, founded in 2018, has revealed that it has secured a regulatory nod as a digital asset service provider in El Salvador.
Exchange’s first quarter Transparency Report for the first quarter shows Bitget saw a 159% surge in spot trading volume, reaching $2.08 trillion during the quarter. Exchange’s Native Token BitGet Token (BGB) is one of the 50 market capitalizations.
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