Hata.io Secures $4.2 Million Seed Funding to Expand Its Cryptocurrency Exchange

Malaysia-based Hata.io raises US$4.2 million in seed funding to enhance its services and grow its user base across the Asia Pacific.
November 10, 2024 by
Hata.io Secures $4.2 Million Seed Funding to Expand Its Cryptocurrency Exchange
Super Admin

KUALA LUMPUR:

Malaysian cryptocurrency exchange Hata.io has successfully raised US$4.2 million in seed funding, marking a significant milestone in its efforts to enhance services and expand across the Asia Pacific region.

A Trusted, Fully Licensed Exchange

Founded by David Low, the former Asia Pacific General Manager of Luno Malaysia, Hata.io offers a secure and user-friendly platform tailored for both retail and institutional investors.

Key Licensing Achievements:

  • Digital Asset Exchange (DAX) approval from the Securities Commission Malaysia (SC) in July 2024.
  • Licensing from the Labuan Financial Services Authority, enabling operations in Malaysian and international markets.

These dual licenses highlight Hata.io’s commitment to regulatory compliance and investor protection, solidifying its reputation as a trusted platform in Malaysia’s growing cryptocurrency market.


Diverse Product Offerings and Innovative Features

Hata.io supports a broad range of cryptocurrency trading options, including:

  • Major assets: Bitcoin (BTC), Ethereum (ETH).
  • Emerging tokens: Worldcoin (WLD), Cosmos (ATOM), Polkadot (DOT).

Notable Features:

  • 30% revenue-sharing affiliate program: Encourages user referrals.
  • Zero trading fees: On major cryptocurrency pairs, appealing to cost-conscious traders.

Trading is available in both Malaysian Ringgit (MYR) and US Dollar (USD), catering to a diverse audience of fiat and crypto traders.

Seed Funding and Strategic Growth Plans

The seed funding round, completed in October 2024, was led by Castle Island Ventures and Cadenza Ventures, whose representatives have joined Hata.io’s Board of Directors.

Planned Investments:

  • Expansion of product offerings to meet evolving market needs.
  • Accelerated user acquisition across the Asia Pacific region.

Experienced Leadership Driving Innovation

Hata.io’s leadership team brings deep expertise in the cryptocurrency and tech industries:

  • David Low (CEO): A qualified lawyer and pioneer in Malaysia’s cryptocurrency space, known for 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 experience.

This team’s combined knowledge and vision position Hata.io as a leader in Malaysia’s digital asset ecosystem.

Positioned for a Promising Future

With its focus on innovation, compliance, and accessibility, Hata.io is well-equipped to compete with established players in Asia’s dynamic digital asset market. Its dual appeal to fiat currency traders and crypto enthusiasts ensures broad market reach and sustained growth.

By making cryptocurrency trading secure, cost-effective, and user-friendly, Hata.io is setting the stage for the future of digital assets in Malaysia and beyond.

Explore the Future of Cryptocurrency Trading

Visit Hata.io to learn more about its offerings and discover how it’s transforming the cryptocurrency landscape across Asia.

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Hata.io Secures $4.2 Million Seed Funding to Expand Its Cryptocurrency Exchange
Super Admin November 10, 2024
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