Hata operates as a dual-licensed cryptocurrency exchange in Malaysia, marketing itself with a 0% maker fee structure and a focus on Shariah-compliant assets. The company reported RM1.04 billion in transaction volume in 2025, a cited indicator of its existing scale. Hata's strategy targets Malaysia's high digital-asset-ownership market, where roughly 20% of the population holds digital assets, and benefits from regional liquidity dynamics noted in the article. Following the $8 million Series A led by Bybit, Hata plans to deploy capital to strengthen liquidity, accelerate user acquisition, and develop new digital asset products. The exchange's regulatory positioning as the only dual-licensed platform is presented as a competitive moat, though the company faces risks from potential new entrants and regulatory changes.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2026