Bybit Leads $8 Million Funding Round in Hata

Hata, Malaysia's dual-licensed digital asset exchange, has closed an $8 million Series A funding round led by Bybit, the world's second-largest cryptocurrency exchange. This marks a significant collaboration between the two companies to grow Malaysia's digital asset ecosystem responsibly.

Bybit sees Malaysia as strategically important for its market and potential for digital asset adoption. The company believes that Hata is the right partner to serve Malaysian investors through a compliant platform, combining local market leadership with global strengths in technology and product innovation.

Hata will deploy the funding across three areas: strengthening liquidity on its platform, accelerating user growth through marketing initiatives, and jointly developing digital asset products tailored for Malaysians with Bybit. This partnership validates Hata's commitment to crypto built 'the right way,' with proper licensing and investor protection.