Hata Raises $8 Million in Series A Funding Led by Global Crypto Exchange Bybit

Hata, a Malaysian digital asset exchange, has secured $8 million in Series A funding from Bybit, one of the world's largest cryptocurrency exchanges. This strategic collaboration marks a significant milestone for both companies, with a shared commitment to growing Malaysia's digital asset ecosystem.

Bybit sees Hata as the right partner to serve Malaysian investors through a compliant and regulated platform. The exchange plans to deploy the funds across three key areas: strengthening its liquidity, accelerating user growth, and jointly developing innovative digital asset products with Bybit.