NEW DELHI, India, October 4, 2023 – Leading cryptocurrency derivatives and copy trading platform Bitget today announced its plans to invest in Indian blockchain startups. The investment will be made through the platform’s Blockchain4Youth (B4Y) initiative, a $10 million Web3-focused project that aims to support and empower young people in the blockchain industry. 1
Bitget’s investment in Indian blockchain startups will focus on projects that are developing innovative and scalable solutions for the Indian market. The platform is particularly interested in projects that are focused on decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.
In addition to its investment plans, Bitget will also be launching a crypto trading competition with a prize pool of 50 million Indian rupees. The competition will be open to all Indian citizens and will be held on Bitget’s Indian exchange.
Bitget’s plans to invest in India are a sign of the platform’s growing commitment to the country’s cryptocurrency market. India is a rapidly growing market for blockchain technology, and Bitget is keen to play a role in the development of the country’s blockchain ecosystem.
