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Bybit has led an $8 million Series A funding round in Hata, strengthening its presence in Southeast Asia.
The round follows Bybit’s earlier participation in Hata’s seed funding and will be used to:
✔ Improve platform liquidity

✔ Grow the user base

✔ Launch new digital asset products
Why Hata Stands Out
Hata operates with dual licenses from Malaysia’s main regulators, allowing it to legally offer crypto trading and custody services.
Since launching in 2023, the company says it has reached:
• 209,000+ registered users

• 1.04 billion ringgit (~$225M) in 2025 trading volume
Why Malaysia Matters
Bybit CEO Ben Zhou called Malaysia a strategically important market, citing its digitally engaged population and long-term crypto adoption potential.
Malaysia has also been expanding its digital asset framework through regulatory sandboxes, tokenization pilots, and ringgit-backed stablecoin experiments involving major banks.
Bigger Picture
This investment signals that global exchanges are looking beyond traditional markets and betting on regulated growth in Asia. Malaysia is quickly positioning itself as one of the region’s most promising crypto hubs.
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