KUALA LUMPUR: Malaysian cryptocurrency exchange Hata.io has successfully raised US$4.2 million in seed funding, a milestone that underscores its ambition to enhance services and expand its reach across the Asia Pacific region.
A Trusted and Fully Licensed Platform
Founded by David Low, former Asia Pacific General Manager of Luno Malaysia, Hata.io provides a secure, user-friendly platform for both retail and institutional investors.
In July 2024, the exchange achieved:
- Full approval from the Securities Commission Malaysia (SC) as a licensed Digital Asset Exchange (DAX).
- Licensing from the Labuan Financial Services Authority, enabling it to serve both Malaysian and international markets.
This dual licensing emphasizes Hata.io’s commitment to regulatory compliance and investor protection, making it a trusted platform in Malaysia's growing cryptocurrency sector.
Product Offerings and Features
Hata.io supports a diverse range of cryptocurrencies, including:
- Major assets: Bitcoin (BTC), Ethereum (ETH).
- Emerging tokens: Worldcoin (WLD), Cosmos (ATOM), Polkadot (DOT).
The platform caters to a broad audience with trading available in Malaysian Ringgit (MYR) and US Dollar (USD).
Innovative Features Include:
- 30% revenue-sharing affiliate program: Encourages users to refer others to the platform.
- Zero trading fees: On major cryptocurrency pairs, appealing to cost-conscious traders.
Seed Funding and Strategic Growth Plans
The October 2024 seed funding round, led by Castle Island Ventures and Cadenza Ventures, brought new members to Hata.io’s Board of Directors.
Planned Investments for Growth:
- Expanding product offerings to meet evolving market demands.
- Accelerating user acquisition in the Asia Pacific region.
Leadership Driving Innovation
Hata.io’s experienced leadership team is a key driver of its success:
- David Low (CEO): A qualified lawyer and pioneer in Malaysia’s cryptocurrency space, launching the nation’s first licensed DAX in 2019.
- KK Chong (CTO): A blockchain solutions co-founder and former university lecturer.
- Darien Ng (CRO): A tech industry veteran with over 15 years of expertise.
Positioned for a Bright Future
With a focus on innovation, compliance, and accessibility, Hata.io is poised to compete with established players in the region's dynamic digital asset market. The platform’s dual appeal to both fiat currency traders and crypto enthusiasts ensures broad market reach.
By making cryptocurrency trading accessible, secure, and cost-effective, Hata.io is shaping the future of digital assets in Malaysia and beyond.
Visit Hata.io to learn more about its offerings and explore how it’s redefining cryptocurrency trading in Asia.
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