Malaysian digital asset trading platform Hata completes $8 million Series A financing, led by Bybit

The Malaysian digital asset trading platform Hata has completed an $8 million Series A financing round, led by Bybit, with participation from several global family offices. Hata holds dual licenses from the Malaysian Securities Commission and the Labuan Financial Services Authority, allowing it to provide digital asset trading and custody services locally. The funds from the financing will be used to enhance liquidity, expand the user base, and develop more products.