Hata Successfully Completes $8 Million Series A Funding Led by Bybit in Malaysia

Hata Completes Series A Funding Round of $8 Million with Bybit's Leadership

In Kuala Lumpur, Malaysia, Hata, the unique digital asset exchange operating under dual licenses, has announced the successful closure of an $8 million Series A funding round. This funding was led by Bybit, a leading global cryptocurrency exchange known for its significant trading volume. Alongside Bybit, several prestigious family offices also participated in this funding initiative, symbolizing a strong collaborative effort aimed at elevating Malaysia's digital asset ecosystem.

The collaboration forged between Hata and Bybit isn’t merely a financial transaction; it emphasizes a shared vision for sustainable and expansive growth within the digital asset sphere in Malaysia. Ben Zhou, the CEO of Bybit, acknowledged the strategic importance of Malaysia's market, pointing out its vibrant digital landscape and immense potential for the adoption of digital assets. He remarked, "Hata emerges as the ideal partner to serve Malaysian investors through a platform that emphasizes compliance and regulatory integrity. By merging Hata's local market expertise with Bybit's technological prowess and innovative product development, we aim to significantly bolster the growth of Malaysia's digital asset ecosystem."

Hata had previously secured $4.2 million in seed funding from Bybit, underlining a developing relationship that now transitions into a more profound strategic partnership. In addition to Bybit, prominent global family offices with a focus on Southeast Asia's digital finance and technology markets have also shown their commitment towards Hata's vision.

The funds raised will be utilized across three pivotal areas: enhancing liquidity in Hata's trading platform, accelerating user growth through robust marketing initiatives, and co-developing innovative digital asset products tailored for the Malaysian market in collaboration with Bybit. David Low, Hata's CEO, celebrated the funding round by stating, "This partnership with Bybit marks a significant milestone for both Hata and the digital asset industry in Malaysia. Bybit's commitment to lead this funding round and partner with us strategically reinforces our belief that cryptocurrency must be built on solid foundations, with appropriate licensing and rigorous compliance measures. Together, we will integrate Hata's regulated local platform with Bybit's global expertise in technology and innovation, thereby expanding opportunities for Malaysian users."

With its foundation rooted in trust, transparency, and advanced technology, Hata continues its trajectory as Malaysia's fastest-growing digital asset exchange since its launch in May 2023. By the end of 2025, Hata registered over 209,000 users and processed a staggering RM 1.04 billion in transaction volume, indicative of the active participation on its platform. Hata's total assets under custody (AUC) have also experienced phenomenal growth, reaching RM 115 million at the peak in September 2025.

In addition to its impressive financial figures, Hata has consistently introduced innovative products in the market, including the recent launch of staking services and automated investment features, thereby extending its offering to help Malaysian users accumulate digital wealth sustainably.

The partnership with Bybit represents not only a financial boost but also an endorsement of Hata's commitment to establishing identical benchmarks in Malaysia's digital asset landscape while striving to provide wide access to safe, compliant, and affordable cryptocurrency trading solutions for users across the region.

For more information on Hata and its recent advancements, individuals can visit their official website and engage with Hata's ongoing evolution in the digital asset space.

About Hata

Hata is Malaysia's premier digital asset exchange, designed with dual licenses to ensure a safe and compliant trading platform for investors. Operating under the regulations of the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority (LFSA), Hata ensures strict adherence to compliance and security standards, nurturing user trust within the local and global markets. Founded by Malaysians, Hata aspires to redefine digital asset trading benchmarks while facilitating accessible cryptocurrency trading across Southeast Asia.

About Bybit

Established in 2018, Bybit stands as the second-largest cryptocurrency exchange globally by trading volume, serving a community of over 70 million users. The exchange offers an extensive range of financial products including spot, derivatives trading, staking, and institutional services. As a firm recognized for regulatory custody, superior liquidity, and innovative product development, Bybit remains committed to bridging the gap between traditional finance and decentralized finance on a global scale.