Malaysia’s Hata Secures $8M Series A Funding Led by Bybit to Fuel Crypto Expansion

Malaysia’s premier digital asset exchange, Hata, has successfully raised $8 million in its Series A funding round.

The investment was led by leading cryptocurrency platform Bybit and supported by several global family offices.

Hata’s Impressive Growth Trajectory

Launched in May 2023, Hata has rapidly expanded to serve over 209,000 users.

In 2025, the platform achieved a transaction volume of MYR1.04 billion, equivalent to $263 million.

Strong Regulatory Foundation

Hata holds dual licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, ensuring robust compliance.

Strategic Plans for the Future

The new funding will bolster platform liquidity and drive further user acquisition.

In partnership with Bybit, Hata plans to launch innovative digital asset products customized for Malaysian users.

This Series A builds on Bybit’s prior $4.2 million seed investment, deepening their collaboration.

Ben Zhou, Co-Founder and CEO of Bybit, emphasized Malaysia’s high digital engagement and crypto potential.

The alliance combines Hata’s local expertise with Bybit’s global technology to advance Malaysia’s digital asset ecosystem.

These developments signal growing investor confidence in Southeast Asia’s crypto market amid regulatory maturity.