Digital asset exchange Hata has announced that it has surpassed RM100 million in trading volume since its launch.
The milestone coincides with Bitcoin’s price exceeding US$100,000, reflecting increased activity in the cryptocurrency market.
Hata’s trading volume highlights its ability to handle growing demand, supported by its infrastructure and market liquidity.
The platform caters to both retail and institutional investors, offering a regulated environment for digital asset trading.
Bitcoin’s recent rally, driven by increased institutional participation and rising retail interest, has fueled optimism across the global and Malaysian crypto markets.
The surge reflects broader market dynamics that have positioned cryptocurrencies as a key area of financial innovation.
Hata operates as a dual-licensed exchange in Malaysia, adhering to regulatory standards for trading activities.
The global crypto market capitalisation has now exceeded US$2.79 trillion, with Bitcoin maintaining a dominant position.
This environment has contributed to rising demand for platforms facilitating digital asset trading.
David Low, CEO of Hata, said,
“Reaching RM100 million in trading volume and seeing Bitcoin hit US$100,000 is a significant milestone for Hata. It underscores not only our platform’s liquidity and reliability but also the growing trust and confidence in the cryptocurrency market, both locally and globally.
Our commitment to providing a secure and transparent trading environment remains unwavering, and we are excited for what’s to come as the market continues to evolve.”
Hata had secured US$4.2 million in seed funding to expand its product offerings and user base across Asia just two months ago.
Featured image credit: Edited from Freepik
