Bitgate is a cryptocurrency exchange with 100 million users, Announced One of the fastest growing areas for Crypto and Web 3 developers, a partnership with avalanche to support community initiatives across India.
Partnership will feature at least $ 10 million in the country for the web 3 community in mini-offspring, scholarships, hackathons and workshops. Initial focus will be in Delhi and Bangalore. Delhi is the most populous city in India, and Bangalore is known as the local “Silicon Valley”.
Cryptocurrency activity in India has increased in the last two years. According to Coinswitch, a local exchange, crypto investment across the country Accelerated In 2024, with the highest concentrations in Delhi (20.1%), Bengaluru (9.6%), and Mumbai (6.5%). 18- 35-year-old youth now accounts for about 75% of the country’s crypto investors. While Bitcoin (BTC) and Ether (ETH) remained popular alternatives, Dogcoin (DOGE) attracted the most investment in 2024, including other Memcoin such as Shiba Inu (Shib) and Pepe (Pepe) was also receiving significant traction.
Connected: India has no plans to regulate the sale and purchase of Crypto
India’s technical market
The growth of India’s crypto ecosystem either re -establish the market with a wave of global exchange or actively discover a return. In February 2025, bybit registered with local authorities and restored services in the country. In the same month, the Coinbase began a discussion with regulators seeking a return to the Indian market.
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India is expected One of the first countries to finalize a bilateral trade agreement with the United States is aimed at implementing a mutual tariff by President Donald Trump. Also, the country is reportedly Wanting An agreement with the US to achieve access to some technologies and exports.
According For the Web3 Venture Capital firm Hashed Emergent, India already account for 12% web 3 developers worldwide and contributed 17% of all new developers entering Crypto Space in 2024.
Connected: Indian authorities arrested alleged Gentax founder for US extradition
