KEY TAKEAWAYS
- Binance Case Challenge Season 2.0 attracted 527 team submissions from 1,581 MBA students, highlighting growing interest in Web3 and digital assets in India.
- The challenge focused on bridging the gap between high equity market participation and low digital asset engagement in India.
- Finalist teams presented their solutions at Binance Blockchain Week 2025 in Dubai, showcasing innovative ideas to a global audience.
- The winning team, CryptoKnights from IIM Bangalore, received USD 10,000 for their insights and innovative thinking.
Binance Case Challenge Season 2.0 has concluded, drawing 527 team submissions from 1,581 MBA students across 25 top-tier Indian business schools. This reflects a growing interest in Web3 and digital assets among India’s future business leaders. The top three teams presented their ideas at Binance Blockchain Week 2025 in Dubai, showcasing student-led research and market insights to a global audience of builders, policymakers, and industry leaders.
This season of the challenge focused on a critical question for India: why is equity market participation high while participation in digital assets remains relatively low? Students were tasked with proposing solutions to bridge this gap, considering factors such as market behavior, product design, AI-driven insights, regulatory understanding, and community engagement.
National Case Challenge Explores Digital Asset Adoption
The competition saw a significant increase in participation and depth compared to its first season, which had 61 teams from 10 institutions. The central question was grounded in India’s financial landscape, asking why the country has a larger base of equity investors compared to the smaller pool of individuals participating in virtual digital assets (VDAs).
To evaluate the submissions, a multi-stage process was employed, combining AI-driven screening, expert assessment, virtual pitches, and jury review. This rigorous process identified three finalist teams: The Misfits from SPJIMR Mumbai, Team Cryptoknights from IIM Bangalore, and Team Tokken3 from IIM Lucknow.
Supporting Young Talent with Global Exposure
The three finalist teams traveled to Dubai for the Grand Finale at Binance Blockchain Week, where they presented their ideas to a global audience. The jury included S.B. Seker, Head of APAC at Binance, and Staci Warden, CEO of the Algorand Foundation. Teams were assessed on regulatory awareness, feasibility, user insight, storytelling, and strategic clarity during a seven-minute pitch and a three-minute Q&A session.
The winning team, The CryptoKnights from IIM Bangalore, received USD 10,000. The First Runner-Up, Team Tokken3 from IIM Lucknow, was awarded USD 6,000, and the Second Runner-Up, The Misfits from SPJIMR Mumbai, received USD 4,000. These awards recognized their research, insight, and innovative thinking.
Rachel Conlan, Global Chief Marketing Officer at Binance, noted that the Case Challenge demonstrated the scale of talent emerging from India and its potential to shape the industry’s future. S.B. Seker added that the students’ proposals balanced ambition with a strong understanding of India’s regulatory and economic realities, offering valuable perspectives on accelerating responsible digital-asset adoption.
By expanding academic partnerships and providing global platforms to students, Binance is reinforcing India’s trajectory as a key center for emerging Web3 talent. More details on the event can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Binance Case Challenge Season 2.0 has highlighted the growing interest in Web3 among Indian MBA students, with 527 team submissions reflecting this trend. The event underscores the potential for Web3 and digital assets to influence India’s future business leaders.
A recent Economic Times report highlights that India ranks first globally in crypto adoption, driven by decentralized finance (DeFi) platforms and Web3 innovation. This aligns with the increased participation and interest shown in the Binance Case Challenge, indicating a strong foundation for future growth in the Web3 sector.
A report by ABP Live emphasizes the need for regulatory clarity and tax rationalization to unlock Web3’s potential in India. This supports the significance of the Binance Case Challenge as it encourages students to propose solutions for digital asset adoption, reflecting a proactive approach to addressing these challenges.
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