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Hata Review Malaysia 2026: 0% Maker, 1% Instant Buy, The Cheapest SC-Licensed Exchange

Did you know? You can trade crypto at 0% maker fees on Hata's Exchange, the cheapest fee schedule of any SC-licensed Malaysian venue in 2026.

By Malaysia4U Editorial Team · Updated 4 May 2026 · Based on hands-on testing across BTC/ETH/SOL pairs and head-to-head fee runs vs Luno

Quick Verdict

  • 0% maker fee, 0.1-0.4% taker on the Exchange (volume-tiered). The cheapest fee schedule of any SC-licensed Malaysian venue in 2026.
  • Instant Buy is 1%, half the cost of Luno's 2% Instant Buy. Convenience trades are genuinely affordable here.
  • Dual-licensed, SC Malaysia (RMO-DAX) and Labuan FSA. Customer fiat held 1:1 with a licensed trustee, segregated from corporate funds.
  • Bybit-led US$8M Series A in April 2026, meaningful runway and liquidity tie-in for a young platform (launched May 2023).
  • Trade-offs: smaller token list than KDX, app is less polished than Luno, retail liquidity on majors is thinner. Best as your cost-optimised primary, not necessarily your only exchange.

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What is Hata?

Hata is a Malaysian-built cryptocurrency exchange operating under Hata Digital Sdn Bhd, dual-licensed by the Securities Commission Malaysia as a Recognised Market Operator (RMO-DAX) and by the Labuan Financial Services Authority. It is the only Malaysian crypto venue with both licences, which lets it operate a domestic SC-regulated platform (Hata MY) alongside an offshore Labuan-licensed sister platform (Hata Global) for users outside Malaysia.

The exchange launched in May 2023, received full SC approval to launch its retail exchange in July 2024, and by end-2025 had grown to 209,000+ registered users with RM1.04 billion in 2025 trading volume (a ~315% jump on the prior year) and assets under custody peaking at RM115 million in September 2025. In April 2026 it closed a US$8 million (RM31.6 million) Series A led by Bybit, building on Bybit's earlier US$4.2M seed participation, to fund liquidity, user growth, and joint product development.

In plain English: it is the youngest of the major SC-licensed Malaysian crypto exchanges, but well-capitalised, growing fast, and built around a fee schedule that materially undercuts the incumbents.

SC Licensing & Custody

The Securities Commission RMO-DAX licence is a meaningful filter, only a handful of exchanges have it, and the SC actively maintains an Investor Alert List of unlicensed offshore platforms operating illegally in Malaysia. Hata sits alongside Luno, Tokenize/KDX, SINEGY/MX Global, and a small number of others on the official approved list.

Custody model: Hata holds customer fiat (MYR) 1:1 with a licensed trustee, completely segregated from Hata's corporate operating accounts. Crypto holdings are stored in a mix of cold and warm wallets per SC custody requirements, with KYC handled via Sumsub.

What SC + Labuan licensing covers: operational requirements, AML/KYC, custody segregation, per-token approval, capital adequacy, and disclosure / complaints handling.

What it does NOT cover: PIDM deposit insurance (crypto is not legal tender), price loss, or worst-case exchange failure. SC oversight reduces, but does not eliminate, operational risk. For long-term holdings, withdraw to self-custody once you understand seed-phrase security.

Fee Breakdown

Hata's trading fees are the most aggressive among SC-licensed Malaysian exchanges, though the MYR on/off-ramps carry small convenience fees rather than being entirely free. Verified against Hata's official fee schedule as of June 2026:

ActionFeeNotes
Account opening / KYCFreeMyKad / passport via Sumsub
FPX depositSmall feePer-transaction convenience fee (low, ~RM0.80 reported); instant from major MY banks
Bank transfer depositFreeCheapest for larger amounts
E-wallet deposit~1.5%Convenience fee on e-wallet top-ups (reported)
MYR withdrawalLow / small flat feeInstant transfer carries a small flat fee (reported RM0.50-RM10)
Exchange, maker0.00%Limit order at or better than best bid/ask
Exchange, taker0.10-0.40%Volume-tiered: 0.40% under RM10k/30d down to 0.10% above RM10M
Instant Buy / Sell1.00%Half of Luno's 2%
Auto-Invest (recurring DCA)~1.00%Per the Instant Buy schedule
SOL stakingFee baked into APRNet ~5.95% APR; service fee included in quoted rate, not itemised
Crypto withdrawalNetwork feePassed through near-cost
Internal Hata transferFreeHata-to-Hata, instant

Verified against Hata's public fee schedule as of June 2026. Convenience-fee amounts and volume tiers shift; the "reported" figures above come from third-party trackers and may differ from your live in-app fee, always confirm the displayed fee preview before confirming a deposit, withdrawal or trade.

Hata vs Luno, Head-to-Head

Both are SC-licensed RMOs in good standing, this is a comparison of two legitimate options, not a hit job. Where each wins:

FeatureHataLuno
SC RMO-DAX licenceYesYes
Additional licenceLabuan FSA (dual)SC only
Maker fee0.00%0.25-0.35%
Taker fee0.10-0.40%0.25-0.50%
Instant Buy / Sell1.00%2.00%
Recurring DCA~1.00%1.75%
FPX depositSmall convenience feeFree (≥RM100), RM1 below
MYR withdrawalLow / small flat feeFree
E-wallet depositYes (~1.5% fee)FPX only
Tokens listed (MY)~23~10-12
Mobile app polishGood, improvingBest in market
Retail liquidity (BTC/MYR)MidDeepest
On-platform stakingYes (SOL launched 2025)No
Time in MY marketSince May 2023Since 2015
Recent fundingUS$8M Series A (Bybit, Apr 2026)Established (Digital Currency Group)

Bottom line on the head-to-head: Hata wins on price, breadth of deposit methods, token count, and staking. Luno wins on app polish, liquidity depth, and length of track record. If you optimise for fees and don't need the absolute deepest BTC/MYR order book, Hata is the better default in 2026. If you DCA RM5,000+ a month into BTC and want maximum liquidity, Luno is still defensible.

Hata vs SINEGY / MX Global / KDX

There are six SC-registered DAX operators in Malaysia as of December 2025: Hata, Luno, MX Global, SINEGY, Kinetic DAX (KDX, formerly Tokenize) and Torum. Luno gets its own head-to-head above; here is how Hata stacks up against the rest of the SC-licensed field.

ExchangeMaker / takerTokens (MY)Notes
Hata0% / 0.10-0.40%~23Cheapest takers, SOL staking, Bybit-backed
SINEGY0% / ~0.25-0.50%Narrow (BTC/ETH/XRP +)0% maker too, but higher taker and narrow list
MX GlobalTiered, not market-leadingModestOlder, conservative; FPX + bank transfer
KDX (ex-Tokenize)~0.10-0.50%Most of any SC venueAltcoin breadth; no 0% maker

SINEGY also advertises 0% maker fees, but its taker (reported ~0.25-0.5% depending on source and tier) is higher than Hata's 0.10-0.40% and its token list (BTC, ETH, XRP and a few others) is much narrower. MX Global is the older, more conservative venue, fewer tokens, simpler platform, fee tiers that are rarely market-leading; many users open an account there as a regulatory backup but trade primarily elsewhere. KDX (Kinetic DAX, the rebranded Tokenize) lists the most tokens of any SC-licensed venue and remains the go-to for active altcoin traders, but it does not match Hata's 0% maker.

A note on "Blox": Blox is a Malaysian MYR-stablecoin (MYRC) issuer, not an SC-registered DAX exchange, so it is not a like-for-like trading-venue comparison. If you see it grouped with Hata/Luno/SINEGY as an "exchange", that's a category error.

In aggregate, Hata occupies the "cheapest takers + decent token list + only native staking" position. KDX occupies the "most tokens + active-trader UX" position. Luno occupies the "best app + deepest liquidity + longest track record" position. There is no objectively correct single choice, many active users hold accounts on two of these.

When Hata is the Better Choice

  • You optimise for fees above all. 0% maker, 0.1-0.4% taker, 1% Instant Buy, across a year of regular buying this is the cheapest SC-licensed venue available.
  • You buy in larger lump sums. The fee gap vs Luno widens at higher trade sizes, saving 1% of RM10,000 is RM100, every time.
  • You want SOL (or future) staking inside an SC-licensed venue. Hata is currently the only major MY exchange offering on-platform staking.
  • You prefer e-wallet on-ramps. E-wallet deposits are convenient when you don't want to log into your bank for FPX, just note the ~1.5% convenience fee, so FPX or bank transfer is cheaper for larger sums.
  • You like the idea of a Bybit-aligned platform. The April 2026 Series A includes joint product development and liquidity tie-in with Bybit, which is potentially a meaningful tailwind for token listings and depth.

When Luno is the Better Choice

  • You want the most polished mobile app. Luno's app is the best in the local segment, for users who value UX over basis points, that matters.
  • You only buy BTC and ETH. Luno has the deepest retail liquidity on the BTC/MYR and ETH/MYR books, so slippage on large market orders is smaller.
  • You value the longest local track record. Luno has been operating in Malaysia since 2015 and is owned by Digital Currency Group. Hata has been live since May 2023.
  • You trust the brand for your parents. If you're onboarding a non-technical relative, Luno's name recognition and onboarding flow is harder to mess up.

Read our full Luno review for the detailed Luno-specific breakdown, including how to avoid the 2% Instant Buy by using its Exchange order book.

Who Hata is For

Hata suits some users better than others. Below is an honest read by cohort, including where it is not the best fit and the risks each group should keep front of mind. Crypto is volatile, not capital-guaranteed, and not PIDM-insured regardless of cohort.

Crypto beginners

Suitability: moderate. Being SC-licensed, Hata is a legitimate first venue, and Instant Buy / Auto-Invest are simple to use. But the app is less polished than Luno's, and the cheap Exchange order book has a small learning curve. Start with amounts you can afford to lose, learn the Exchange to cut fees, and don't treat Instant Buy's 1% as "free". Beginners are most at risk of buying tops on hype, slow down.

Active traders

Suitability: strong on cost, mixed on depth. 0% maker and volume-tiered takers down to 0.10% reward turnover, and the Bybit liquidity tie-in helps. Caveats: BTC/MYR depth is thinner than Luno, so large market orders can slip, and the token list is narrower than KDX for altcoin rotation. Many active traders run Hata plus Luno or KDX and route each order to whichever is cheaper or deeper.

Yield / staking seekers

Suitability: useful but read the fine print. Hata is currently the only major SC-licensed MY exchange with native (SOL) staking, advertising up to ~5.95% net APR. But it takes a service fee out of rewards (baked into the quoted rate, not itemised), so the validator's gross chain yield is higher than what you net. There is also unstaking-period lock risk (SOL ~2-3 days) and slashing risk inherent to staking, plus LHDN treats yield as taxable income. Compare the net post-fee APR against simply holding.

Young / first-time investors

Suitability: fine as a small allocation only. The low fees and ringgit on-ramps make it accessible for students and fresh grads, and the referral rebate trims costs. But crypto should be a small slice of a portfolio, not a foundation, build an emergency fund and tax-advantaged/EPF savings first. Avoid leverage, avoid putting in money you need within 12 months, and self-custody anything you intend to hold long-term.

Supported Coins

The Securities Commission requires per-token approval before any new listing. As of May 2026, Hata Malaysia lists around 23 coins / 23 trading pairs. The exact list rotates as approvals come through, but typically includes:

  • BTC (Bitcoin)
  • ETH (Ethereum)
  • SOL (Solana, also supported for staking)
  • XRP (consistently one of the most-traded pairs on Hata MY)
  • ADA (Cardano)
  • LTC (Litecoin)
  • WLD (Worldcoin, among the most-traded MYR pairs)
  • Stablecoins (e.g. USDT/USDC) and further altcoins rotate in and out, check the in-app market list for the live set, as availability and quote currency (MYR vs USD) differ between Hata MY and Hata Global

Hata Global, the offshore Labuan-licensed sister platform, supports a wider 30+ pair list including more altcoins. Malaysian residents are routed to Hata MY by default and should use that platform for SC-protected trades.

Depositing MYR

Hata supports several MYR on-ramps. None of the convenience methods are entirely free, weigh the fee against the speed:

  1. 1FPX (online banking). Wallet → MYR → Deposit → FPX → choose your bank → authorise. Instant during banking hours; carries a small per-transaction convenience fee.
  2. 2Bank transfer. Manual transfer to Hata's designated account. Useful for larger amounts above the FPX limit, and typically the cheapest on-ramp.
  3. 3E-wallet. Useful when you have idle e-wallet balance to deploy without logging into your bank, but it carries a percentage convenience fee (reported around 1.5%), so it is the priciest ramp for large sums.
  4. 4SWIFT (Hata Global). For users on the Labuan platform with USD/USDT funding from offshore. Not relevant for most domestic Malaysian users.

Practical tip: always do a small test deposit first when using any new on-ramp, then scale up once you've confirmed funds arrive in your Hata wallet correctly.

Staking & Auto-Invest

In 2025, Hata launched on-platform staking starting with Solana (SOL), alongside its existing Auto-Invest recurring DCA tool. As of May 2026 it remains the only major SC-licensed Malaysian exchange offering native staking, competitors typically require you to withdraw and stake elsewhere.

How staking works on Hata: opt in from the staking screen, choose the amount, and accept the displayed APR and unstaking period. Rewards accrue and are paid in SOL, credited daily. Hata advertises a net SOL APR of up to ~5.95% (higher than Luno's ~5%). Importantly, Hata takes a service fee out of the staking rewards, it states the fee is already built into the quoted annual return rather than published as a separate line item, so the validator's gross chain yield is higher than what you net. Hata does not publish an itemised fee breakdown, so treat any specific percentage you see quoted by third parties as an estimate and rely on the in-app net APR figure. The unstaking period reflects the underlying chain's rules (SOL is typically 2-3 days), during which funds are locked.

Tax note: staking yields are generally treated as income by LHDN in the year received, taxable at your marginal rate. Keep records of every reward credited. This is different from the "capital gain" treatment of simply holding a token, yield = income.

Common Mistakes

1. Defaulting to Instant Buy on large purchases

Hata's 1% Instant Buy is half the cost of Luno's, but the Exchange (0% maker / 0.1-0.4% taker) is still much cheaper at any size above ~RM200. Switch screens, save the difference.

2. Treating Hata Global the same as Hata MY

Hata MY is SC-licensed and trustee-protected for Malaysian residents. Hata Global is Labuan-licensed and aimed at offshore users. They are not the same protection regime. Stay on Hata MY for domestic activity unless you specifically know why you need the Global platform.

3. Withdrawing tiny amounts of crypto

Network fees (especially Ethereum mainnet) can swallow a small withdrawal. Batch withdrawals, or use cheaper networks (Lightning for BTC, low-fee L2s where supported).

4. Leaving long-term holdings on any exchange

SC licensing reduces but does not eliminate exchange risk. For anything you intend to hold >12 months, withdraw to self-custody (Ledger, Trezor, or a software wallet you control) once you're comfortable with seed-phrase security.

5. Ignoring the volume tier on taker fees

Hata's taker fee ranges 0.1-0.4% by 30-day rolling volume. New retail users typically start at the higher end of that range. The displayed fee preview before each trade shows your live tier, check it.

Pros and Cons

Pros

  • 0% maker fee, cheapest of any SC-licensed MY exchange
  • 0.10-0.40% taker fees, volume-tiered
  • Instant Buy at 1%, half of Luno's 2%
  • Dual-licensed (SC Malaysia + Labuan FSA)
  • Multiple MYR on-ramps (FPX, bank transfer, e-wallet)
  • Low-cost MYR withdrawals
  • Customer fiat held 1:1 with licensed trustee
  • On-platform SOL staking (rare among MY exchanges)
  • Auto-Invest recurring DCA tool
  • Bybit-led US$8M Series A (Apr 2026)
  • ~23 trading pairs, broader than Luno MY

Cons

  • Younger platform (live since May 2023)
  • App less polished than Luno's
  • Retail liquidity on BTC/MYR is thinner than Luno
  • Fewer tokens than Tokenize / KDX
  • Customer support newer; response times variable
  • MYR on/off-ramps carry small convenience fees (not all free)
  • SOL staking fee is baked into the APR, not itemised
  • Crypto holdings not PIDM-insured (true of all exchanges)
  • Hata Global vs Hata MY distinction can confuse new users

FAQ

Is Hata safe and licensed in Malaysia?

Yes. Hata is the only Malaysian crypto exchange dual-licensed by both the Securities Commission Malaysia (as a Recognised Market Operator for Digital Assets, RMO-DAX) and the Labuan Financial Services Authority. Customer fiat (MYR) is held 1:1 with a licensed trustee and segregated from Hata's own corporate accounts. As of end-2025, the platform has 209,000+ registered users and processed RM1.04 billion in 2025 trading volume. In April 2026, Hata closed a US$8M Series A led by Bybit.

Is Hata cheaper than Luno?

On almost every action, yes. Hata charges 0% maker fees and 0.1-0.4% taker fees on the Exchange (volume-tiered), versus Luno's 0.25-0.35% maker and 0.25-0.50% taker. More importantly, Hata's Instant Buy is 1% versus Luno's 2%, half the cost on convenience trades. Where Luno still wins: deeper retail liquidity on BTC/MYR and ETH/MYR, and a more polished mobile app. For pure cost optimisation, Hata is the cheapest SC-licensed venue in Malaysia in 2026.

How do I deposit MYR into Hata?

Hata supports MYR deposits via FPX (online banking from any major Malaysian bank), bank transfer, and e-wallet rails. FPX is the fastest, funds usually arrive in seconds during banking hours. Note that deposits are not entirely free: FPX carries a small per-transaction convenience fee, and e-wallet top-ups carry a percentage convenience fee (reported around 1.5%), so bank transfer / FPX is cheapest for larger amounts. After signing in, go to Wallet → MYR → Deposit, choose your method, and complete the authorisation flow. Always confirm the displayed fee before submitting.

What are Hata's withdrawal fees?

MYR withdrawals to a Malaysian bank account are low-cost rather than always free, standard withdrawals are inexpensive and the instant-transfer option carries a small flat fee (reported in the RM0.50-RM10 range depending on method), so check the in-app screen for the current charge. Crypto withdrawal fees are network-based (passed through at near-cost) and vary by chain, Bitcoin Lightning and L2 networks are cheapest, Ethereum mainnet is the most expensive due to gas. Internal Hata-to-Hata transfers are free and instant.

What is the Hata referral code?

Sign up via the Malaysia4U referral link (ref 128391). Both you and the referrer receive a 10% trading-fee rebate under Hata's referral program. You can paste the link directly or enter the code during the sign-up flow before completing KYC.

Which coins does Hata support?

Hata Malaysia currently lists around 23 coins / 23 trading pairs including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), Litecoin (LTC), Worldcoin (WLD) and several others, BTC, XRP, ETH and SOL are consistently among the most-traded MYR pairs. Stablecoins (USDT/USDC) and further altcoins rotate in and out, so check the in-app list before assuming a coin is available, SC approval is required for each new listing. The token list is smaller than Kinetic DAX (KDX, formerly Tokenize) but covers the majors most retail Malaysians want. Hata Global (the offshore Labuan-licensed sister platform) supports a wider pair list, often quoted in USD rather than MYR.

Does Hata support staking?

Yes. In July 2025, Hata launched on-platform staking, starting with Solana (SOL), advertising a net APR of up to about 5.95% with daily rewards. It also offers an Auto-Invest (recurring DCA) tool for hands-off accumulation. Staking is not free: Hata takes a service fee out of the staking rewards, but states the fee is already built into the quoted annual return rather than published as a separate line item, so the validator's gross chain yield is higher than what you net. Hata does not publish an itemised fee breakdown, so rely on the in-app net APR figure rather than any specific percentage quoted by third parties. The SOL unstaking period is typically 2-3 days. Note: any staking yield is generally treated as income for Malaysian tax purposes, keep records.

Hata vs Luno, which should I choose?

Choose Hata if you optimise for fees: 0% maker, 1% Instant Buy and overall cheaper Exchange tiers make it the lowest-cost SC-licensed venue in 2026. Choose Luno if you want the most polished app, deepest retail liquidity on BTC/MYR, and the longest local track record (Luno has been in Malaysia since 2015). Many active traders hold accounts on both and route trades to whichever is cheaper for the specific pair. Both are legitimate SC-licensed RMOs.

Is Hata's Instant Buy worth using?

For small spontaneous purchases, yes, at 1% it is roughly half the cost of Luno's 2% Instant Buy. On a RM500 spend that's RM5 in fees vs RM10 elsewhere. For larger purchases (RM1,000+) you still save more by using the Exchange order book (0% maker / 0.1-0.4% taker), but the gap is smaller than on Luno. Practical rule: under RM200, use Instant Buy for the convenience; above RM200, use the Exchange.

How does Hata compare to SINEGY and MX Global?

All three are SC-registered RMO-DAX operators. SINEGY also advertises 0% maker fees but its taker fee is higher (reported in the ~0.25-0.5% range depending on source/tier), and its token list (BTC, ETH, XRP and a few others) is narrower than Hata's ~23 pairs. MX Global is the older, more conservative venue, fewer tokens and a simpler platform, useful mainly as a regulatory backup. On headline trading cost Hata is the cheapest of the group thanks to its 0% maker and 0.10-0.40% volume-tiered taker. One clarification: "Blox" is a Malaysian MYR-stablecoin (MYRC) issuer, not an SC-registered DAX exchange, so it is not a like-for-like trading-venue comparison. The six SC-registered DAX operators as of December 2025 are Hata, Luno, MX Global, SINEGY, Kinetic DAX (KDX) and Torum.

Is Hata good for beginners?

It can be. The Instant Buy and Auto-Invest flows are simple, and being SC-licensed it is a legitimate place to start. The trade-offs for a true beginner: the app is less polished than Luno's, and the cheaper Exchange order book has a small learning curve versus one-tap Instant Buy. Beginners should start with tiny amounts, use the Exchange once comfortable to save on fees, and remember crypto is volatile, not capital-guaranteed, and not PIDM-insured.

Is Hata good for active traders?

For cost-sensitive active traders, yes, 0% maker and volume-tiered takers down to 0.10% reward high turnover, and the Bybit liquidity tie-in helps. The caveats: BTC/MYR order-book depth is thinner than Luno's, so very large market orders can slip, and the token list is narrower than KDX for altcoin rotation. Many active traders keep accounts on Hata plus one of Luno or KDX and route each trade to whichever is cheaper or deepest for that pair.

Is my crypto on Hata insured?

No. Cryptocurrency is not legal tender in Malaysia and is not covered by PIDM deposit insurance, regardless of which exchange holds it. SC licensing imposes operational, custody, AML and capital-adequacy requirements on Hata, but does not guarantee against price loss or against a worst-case exchange failure. Hata holds customer fiat 1:1 with a licensed trustee separate from corporate funds. For long-term holdings, withdraw to self-custody (Ledger, Trezor, or a software wallet you control) once you understand seed-phrase security.

Final Verdict: 4.3/5

Hata is the most price-competitive SC-licensed crypto exchange in Malaysia in 2026. The trading fees, 0% maker, 0.1-0.4% taker, 1% Instant Buy, are genuinely market-leading, and the platform is structurally well-positioned with dual SC + Labuan licensing and a Bybit-led Series A behind it.

Where it loses points: the platform is younger than Luno, the app is less polished, and BTC/MYR liquidity is shallower. Customer support is still maturing. The MYR on/off-ramps aren't entirely free, FPX and e-wallet deposits carry small convenience fees and instant withdrawals a small flat fee, and SOL staking takes a service fee that is baked into the quoted ~5.95% APR rather than itemised, so read the in-app net figures rather than assuming the validator's gross yield is what you net. None of these are dealbreakers, but they are real, and at very large trade sizes (RM50k+) the depth gap vs Luno can show up as slippage.

Bottom line: if you optimise for fees, Hata is the right default for most Malaysians in 2026. Sign up via referral, complete KYC, deposit MYR via FPX, and use the Exchange order book for any purchase above ~RM200. Reserve Instant Buy for sub-RM200 spontaneous buys (it is genuinely affordable at 1%). For long-term holds, withdraw to self-custody. Many active users keep both Hata and Luno accounts and route trades to whichever is cheaper for the specific pair, that combination is hard to beat.

Sign Up to Hata

Get a 10% trading-fee rebate via the Malaysia4U referral link. SC-licensed, dual-regulated, 0% maker fees.

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Sources & References

All fee, licensing and volume claims in this review are verified against the following sources.

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About Hata

Hata (also known as hata.io, Hata Digital) is an SC-licensed Malaysian Recognised Market Operator (RMO) for digital asset trading, offering MYR on-ramp via FPX and DuitNow for crypto purchases. Headquartered in Kuala Lumpur, Malaysia. Regulated by Securities Commission Malaysia (SC) as a Recognised Market Operator.

Key facts

Glossary

RMO (Recognised Market Operator)
Licensing category from the Securities Commission Malaysia for digital asset exchanges legally permitted to operate in Malaysia.
Spot trading
Buying or selling a digital asset for immediate settlement at the current market price, without leverage or derivatives.
FPX on-ramp
Financial Process Exchange — Malaysia's online banking rail used to deposit Ringgit into Hata for crypto purchases.

Alternatives and competitors in Malaysia

Additional questions about Hata

Is Hata safe to use in Malaysia?

Hata operates under an SC Malaysia RMO licence and is required to follow custody, KYC/AML and reporting obligations applicable to Malaysian digital asset exchanges. As with any exchange, withdraw to a self-custody wallet if you do not intend to actively trade.

What tokens can I trade on Hata?

Only tokens that the Securities Commission Malaysia has approved for trading on Malaysian RMOs — typically major assets like Bitcoin (BTC), Ethereum (ETH), and a curated whitelist. The catalogue evolves; check the live app for the current list.

Common search queries

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