Malaysia’s digital asset exchange Hata secures $8 M Series A funding from Bybit
Bybit, a cryptocurrency exchange, and a number of international family offices led the $8 million Series A funding round for Malaysia-based digital asset exchange Hata.
According to a statement issued by Hata on Monday, the funding expands the strategic partnership between the two businesses and builds on Bybit’s prior involvement in Hata’s $4.2 million seed round. It is anticipated that the partnership will concentrate on growing Malaysia’s digital asset ecosystem by combining access to local markets with international technological capabilities.
Hata intends to work with Bybit to create new digital asset products specifically for the Malaysian market, increase platform liquidity, and grow its user base.
“Malaysia is a strategically important market for Bybit, with one of the most digitally engaged populations in Southeast Asia and strong long-term potential for digital asset adoption,” said Ben Zhou, Co-Founder and CEO of Bybit.
With regulatory approval from both the Labuan Financial Services Authority and the Securities Commission Malaysia, Hata functions as a dual-licensed digital asset exchange in Malaysia. The platform has amassed over 209,000 users since its May 2023 launch. It handled MYR1.04 billion ($263 million) worth of transactions in 2025. Prior to wider market declines, assets under custody reached RM115 million in September.
Bybit, which was established in 2018 and offers services like spot and derivatives trading, staking, and institutional products, is one of the biggest cryptocurrency exchanges in the world by trading volume.
