On the 7th of November, 2023, Bitget, a well-known platform for cryptocurrency derivatives and copy trading, surprised the public by revealing its plans to strategically invest in the growing landscape of Indian-based Startup.
They recently introduced project, called Blockchain for Youth (B4Y), includes a dedicated fund of $10 million. This fund is intended to foster and expedite innovation in the Indian blockchain technology sector.
Bitget’s B4Y initiative launch coincided with the upcoming BUIDL for Web3 event. This event is specifically crafted to offer startups essential resources, advanced tools, funding, and mentorship.
Bitget’s “Blockchain for Youth” Project Launched to Boost Indian-Based Startup at BUIDL for Web3 Summit
Commencing on November 6th and scheduled until December 4th, 2023, the initiative is integrated into the BUIDL for Web3 summit. This summit is a collaborative effort between Lumos Labs, BuildersTribe, and Bitget.
During this initiative, Gracy Chen, Bitget’s managing director, highlighted the allure of the Indian blockchain market. Interestingly, she pointed out that India’s advancements in blockchain and cryptocurrency have firmly established it as a top investment hub in Asia.
Additionally, Chen also underscored the wealth of talent and entrepreneurial spirit within the Indian blockchain sector, creating an ideal environment for nurturing innovation. Bitget is eager to support and foster the development of the next generation of cryptocurrency innovators through its pioneering “Blockchain for Youth” project.
She also highlighted the abundant talent and entrepreneurial spirit within the Indian blockchain sector, creating a conducive environment for nurturing innovation.
Bitget: A Global Leader in Cryptocurrency Exchange and Its Commitment to Indian-Based Startup
Founded in 2018, Bitget has established itself as a prominent cryptocurrency exchange on a global scale. It is widely recognized for its copy trading services.
Furthermore, boasting a user base of over 20 million across 100 countries, Bitget has formed significant partnerships. These include collaborations with famous personalities such as Argentine football star Lionel Messi and renowned eSports event organizer, PGL.
Bitget has a track record of investing in Indian startups, as evidenced by its support for participants in the B4Y Under 30 Virtual Hackathon. Moreover, this competition provided a platform for young talents to showcase their innovative ideas in the cryptocurrency and blockchain domains.
The growing interest and participation of India’s youth in blockchain technology highlight the country’s emergence as a dynamic hub for innovation and talent. Through its groundbreaking initiative in the Indian market, Bitget aims to further stimulate the adoption of cryptocurrencies in the region.
The competition provided a platform for young talents to present their innovative ideas in the cryptocurrency and blockchain sectors. India’s youth embracing blockchain technology marks the nation’s emergence as an innovation and talent hub.
Through its groundbreaking initiative, Bitget aims to boost cryptocurrency adoption in India.