Bitget, the cryptocurrency exchange platform based in Seychelles, formed a strategic alliance with Avalanche, a decentralized blockchain open source platform, to skip the basic adoption of basic web3 in India.
Bitget announced this new development on April 28, 2025, following various initiatives of both companies to expand Crypto and its use cases. The avalanches previously collaborated with Indian government agencies, including projects that involve welfare and mini-inlaid programs. In addition, Avalanche has launched several decentralized applications and has a growing ecosystem that can be used to expand the adoption of web3s in India.
Bitget is not new for these initiatives, since in the past the company has launched Blockchain4youth, an initiative that has promised $ 10 million in scholarships, workshops and hackathons for a period of five years.
Currently, Bitget is under discussion with India Financial Intelligence Unit (FIU) to ensure its recording to operate in the country. In the meantime, Avalanche is helping state governments in India to further integrate the blockchain into their processes moving on to public registers to Blockchain networks.
The future of Web3 is without borders – and Bitgets who collaborates with Avalanche to strengthen the India’s web3 ecosystem proves it.
India hosts the next billions of users and anyone who builds here builds the future. pic.twitter.com/qegwwwwffx9– Victor Chiedu (@kikomuv) April 28, 2025
Bitget’s chief of Southern Asia, Jyotsna Hridyani, said: “Eliminating users with the right knowledge is essential to unlock the full potential of the blockchain in the digital future of India”.
Echoing the sentiment, Devika Mittal, the regional head of Ava Labs, said: “Our goal with the events is to provide a space to any web3 enthusiast – both in Delhi and Varanasi or anywhere else – to connect and build”.
Both companies see India as an important destination to expand and rely on their web3 competence and plan to collaborate until 2025.
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Logistics of the Bitget -avalanche partnership
Through their collaboration, both companies aim to implement a series of awareness and educational seminars during 2025, marked as “Hodl in” tour. These efforts are designed to train and educate the Indian public with essential knowledge about the safety of cryptocurrencies and the potential of blockchain technology.
In addition, the tours will act as a launching pad for the Indian startups web3 and will offer them a platform to present their innovations together with the options to further explore the financing opportunities.
Two successful community meetings have already held in Delhi and Bengaluru as the initial phase of this range of action. Bitgets and Avalanche are confident that with the right support, Indian technological talents can guide the development of web3 applications.
Delhi showed up and how! So far the largest web3 meeting I have been to Delhi. Absolutely electrified by the energy of the crowd – Web3 Delhi here we arrive https://t.co/qjkzo9f8ly pic.twitter.com/amzjlzwvf8
– Devika Mittal
(@Mittaldevika) April 22, 2025
India is on the way to become the world leader for web3 developers. According to the projections of the Hashed Emergent’s web3 landscape report report, the country can potentially exceed the United States by 2028.
The report highlighted a growth of 28% in the web3 developer community in India in 2024, with over 4.7 million developers who contributed to platforms such as Github.
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Web3 gaming and loyalty programs earn land in India
The main companies in India are increasingly using web3 technology to improve customer involvement. Riliance Jio, for example, with Polygon Labs, has released its plans for a loyalty program based on the blockchain which is aimed at over 450 million users to allow digital transactions without continuity, rewarding mechanisms and efficient data management.
Likewise, Flipkart, one of the largest e-commerce platforms in India, blocked over 3.6 million blockchain portfolios. Despite a rapid adoption by companies, regulatory uncertainty continues to represent a problem.
The authorities in India maintain a clear distinction between blockchain technology and cryptocurrency, encouraging blockchain innovation, while imposing a close supervision of digital resources.
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Keyway keyway
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Bitgets and avalanche launch web3 education initiatives based on India
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Bitget is under discussion with the Fiu of India to guarantee its registration to operate in the country
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Flipkart, an Indian e-commerce platform, has over 3.6 million blockchain wallets.
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