Malaysian exchange Hata raises $8M in Bybit-led round

Malaysian exchange Hata has raised $8 million in a Series A funding round led by Bybit, Cointelegraph reported. The exchange is licensed by both the Securities Commission Malaysia (SC) and the Labuan Financial Services Authority (LFSA). The round also saw participation from global family offices and follows Bybit's earlier investment in Hata's $4.2 million seed round. Hata plans to use the funds to improve liquidity, expand its user base, and develop additional digital asset products.