Bitget pledges $10M for Blockchain4Youth corporate responsibility project

On May 4, cryptocurrency derivatives exchange Bitget announced it would allocate $10 million over five years for its novel corporate social responsibility project. Dubbed "Blockchain4Youth," the project will provide blockchain courses and certifications through Bitget Academy and host campus lectures in partnership with universities worldwide. In addition, Bitget staff wrote:

"The platform will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones."

Blockchain4Youth will commence this month with a series of campus lectures on Web3 held in universities across Taiwan, Vietnam and Thailand. Bitget Academy courses will also be available around the same time. The exchange says it is open to partnerships with educators for its novel initiative. Currently, Bitget has around 8 million users across more than 100 countries.

According to a recent Bitget survey involving more than 250,000 respondents, 46% of millennials across major economies such as the United States, China, Japan, Germany, Nigeria and Indonesia currently own cryptocurrencies compared to 25% of Gen X, 21% of Gen Z and 8% of baby boomers. Furthermore, 27% of millennials and 36% of Gen Z respondents said they considered cryptocurrency regulation an important factor when voting for political candidates.

In a similar venture, Binance Charity pledged to provide more than 30,000 scholarships in 2023. At the time, over 82,000 applicants were interested in joining the next cohort, equating to an acceptance rate of about 37%. The organization says it has committed $23 million to 32 Web3 social projects since its inception in 2018.

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