Bybit leads $8M funding round for Malaysian crypto exchange Hata
Crypto Briefing
Global crypto exchange Bybit led an $8 million Series A funding round for Malaysian platform Hata to expand its local operations and liquidity.Summary
Bybit has led an $8 million Series A funding round for Hata, a Malaysian digital asset exchange. This investment follows Bybit's participation in Hata's seed round in 2024 and aims to bolster Hata's liquidity, user growth, and product development. Hata, which holds dual regulatory licenses in Malaysia, has demonstrated significant growth since its 2023 launch, processing over 1 billion ringgit in transaction volume in 2025. Bybit CEO Ben Zhou emphasized the strategic importance of the Malaysian market, noting that the partnership intends to accelerate the adoption of digital assets and tokenized real-world assets within the country's maturing regulatory framework.
(Source：Crypto Briefing)