Bybit Backs Malaysia’s Hata in $8M Series A Funding Round

Bybit has led an $8 million Series A funding round in Hata, a dual-licensed digital asset exchange operating in Malaysia. The round also included participation from global family offices and follows Bybit’s earlier investment in Hata’s $4.2 million seed round.

According to Monday’s announcement, the funding will be used to improve liquidity, expand the user base and develop additional digital asset products.

Hata operates under licenses from the Securities Commission Malaysia and the Labuan Financial Services Authority, allowing it to offer trading and custody services for digital assets in the Southeast Asian country.

Since launching in 2023, the company has reported more than 209,000 registered users and processed 1.04 billion Malaysian ringgits (about $225 million) in transaction volume in 2025.