KUALA LUMPUR: Hata.io, a leading cryptocurrency exchange in Malaysia, has successfully raised US$4.2 million in seed funding. This achievement marks a significant step in its mission to expand its services and reach a broader user base in the Asia Pacific region.
A Fully Licensed and Trusted Platform
Founded by David Low, former Asia Pacific General Manager of Luno Malaysia, Hata.io is dedicated to providing a secure and user-friendly platform for retail and institutional investors alike.
Key regulatory achievements include:
- Digital Asset Exchange (DAX) approval: Licensed by the Securities Commission Malaysia (SC) in July 2024.
- International licensing: Certified by the Labuan Financial Services Authority to serve global markets.
This dual licensing underscores Hata.io’s commitment to compliance and investor protection, making it a trusted name in Malaysia’s growing cryptocurrency market.
Diverse Offerings and Innovative Features
Hata.io caters to a wide range of cryptocurrency traders with support for major and emerging tokens.
Available cryptocurrencies include:
- Major assets: Bitcoin (BTC), Ethereum (ETH).
- Emerging tokens: Worldcoin (WLD), Cosmos (ATOM), Polkadot (DOT).
Key features include:
- 30% revenue-sharing affiliate program: Rewards users for referring others to the platform.
- Zero trading fees: On major pairs, making the platform highly attractive to cost-conscious traders.
The exchange supports trading in both Malaysian Ringgit (MYR) and US Dollar (USD) to meet the needs of diverse investors.
Seed Funding and Growth Strategy
The October 2024 funding round was led by Castle Island Ventures and Cadenza Ventures, with both firms joining Hata.io’s Board of Directors.
Planned investments include:
- Expanding product offerings to address evolving market demands.
- Accelerating user acquisition across the Asia Pacific region.
Leadership and Innovation
Hata.io’s seasoned leadership team is integral to its success:
- David Low (CEO): A qualified lawyer and a pioneer in Malaysia’s cryptocurrency sector, having launched the nation’s first licensed DAX in 2019.
- KK Chong (CTO): Blockchain solutions co-founder and former university lecturer.
- Darien Ng (CRO): A tech veteran with over 15 years of industry experience.
Shaping the Future of Cryptocurrency Trading
Hata.io is poised to compete with established players in the digital asset market through its focus on:
- Innovation: Continually evolving its platform to meet user needs.
- Compliance: Ensuring regulatory adherence to build trust.
- Accessibility: Providing secure, cost-effective trading for fiat and cryptocurrency enthusiasts.
By combining cutting-edge technology with user-centric features, Hata.io is paving the way for the future of cryptocurrency trading in Malaysia and beyond.
Discover More
Explore how Hata.io is transforming digital asset trading. Visit Hata.io today to learn about its innovative offerings and be part of the cryptocurrency revolution in Asia.
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