# Hata

> Hata is a Malaysian dual-licensed digital asset exchange that lets people buy, sell, store and stake cryptocurrencies using local fiat. Founded in 2023 and launched in May of that year, it holds licences from both the Securities Commission Malaysia and the Labuan Financial Services Authority - a rare dual-regulated footprint that keeps customer assets custodied inside the country. Led by ex-Luno APAC general manager David Low, Hata grew to more than 209,000 registered users by the end of 2025 and closed an US$8 million Series A led by Bybit in April 2026.

- **Founded:** 2023
- **Headquarters:** Kuala Lumpur, Malaysia
- **Founders:** David Low (Co-Founder & CEO), KK Chong (Co-Founder & CTO), Darien Ng (Co-Founder & Chief Strategy Officer)
- **Team size:** ~36 employees
- **Products:** Spot Exchange, Local Custody, Staking, Auto-Invest (DCA), OTC Desk
- **Notable:** First exchange to receive full SC approval after Malaysia reopened DAX licence applications in November 2022., Malaysia's 5th licensed Digital Asset Exchange and a rare dual-licensed operator (SC + Labuan FSA)., Grew to 209,000+ registered users within roughly two years of its May 2023 launch.

## Products & services

- **Spot Exchange** — Buy, sell and trade 50+ cryptocurrencies including Bitcoin and Ethereum against Malaysian fiat, with no maker fee and taker fees of 0.1%-0.4% based on 30-day volume.
- **Local Custody** — Digital asset keys are held by Hata Digital Sdn Bhd, the SC-licensed entity, keeping customer assets controlled inside Malaysia.
- **Staking** — On-platform staking rewards, launched starting with Solana (SOL).
- **Auto-Invest (DCA)** — Dollar-cost-averaging tool that automates recurring crypto purchases.
- **OTC Desk** — Over-the-counter trading for larger fiat-to-crypto transactions, including offshore OTC via its Labuan licence.
- **Affiliate Program** — Revenue-sharing affiliate programme - described as the first of its kind among Malaysian exchanges.

## Achievements

- First exchange to receive full SC approval after Malaysia reopened DAX licence applications in November 2022.
- Malaysia's 5th licensed Digital Asset Exchange and a rare dual-licensed operator (SC + Labuan FSA).
- Grew to 209,000+ registered users within roughly two years of its May 2023 launch.
- Processed RM1.04 billion in transaction volume in 2025.
- Attracted two-time backing from Bybit, the second-largest global crypto exchange by volume.

## Latest updates

- **2026-04** — Closed US$8 million Series A led by Bybit with participation from Singapore-based family offices.
- **2025-12** — Reported 209,000+ registered users and RM1.04 billion in 2025 transaction volume.
- **2025-09** — Assets under custody peaked at approximately RM115 million.
- **2025-01** — Launched staking, starting with Solana (SOL), and an Auto-Invest DCA feature.
- **2024-10** — Raised US$4.2 million seed round with Bybit participation.

## Links

- Website: https://hata.io
- LinkedIn: https://www.linkedin.com/company/hataglobal/
- Twitter/X: https://x.com/hataglobal/
- Instagram: https://www.instagram.com/hataglobal/
- TikTok: https://www.tiktok.com/@hata.official

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Profile page: https://yespress.io/hata
Published by YesPress — https://yespress.io
Last updated: 2026-07-27