Hata Crypto Exchange Announces Launch With Revenue Share Promo

Hata, Malaysia’s 5th regulated Digital Asset Exchange has announced that it has obtained full approval from the Securities Commission of Malaysia (SC). This is in conjunction with its official launch announcement.

The exchange is founded by Darien Ng, KK Chong and David Low. Low in particular is well known for helping to establish Luno, which will also be one of Hata’s chief competitors.

This is a notable occasion since Hata is the first exchange to obtain full approval from the Securities Commission of Malaysia since the SC reopened licence application in November 2022. 

Hata affiliate programme 

With the launch of Hata, an affiliate programme has been introduced. This programme allows users who sign up on Hata to refer their family and friends to earn a reward.

Hata is offering a revenue share of 30% from the trading fees it earns. This percentage is passed to the affiliates who referred their network to trade on Hata’s exchange.

“Hata is the first and only exchange to roll out an affiliate programme based on a revenue sharing model. This affiliate programme is designed to let Malaysians capitalise on their network to earn a reward, providing an economic opportunity for Malaysians to earn a side income with minimal effort” says David Low, CEO of Hata.

Hata exchange fees

Hata’s exchange is also known to have some of the lowest fees compared to other digital asset exchanges. By providing liquidity on Hata’s exchange, users can buy and sell cryptocurrency for free as market makers. Additionally, Hata does not place any additional charges on maker fees on its exchange. 

On the other hand, Hata charges a taker fee ranging between 0.4% to 0.1% based on users’ 30-day trading volume. The more a user trades on Hata’s exchange, the cheaper their trading fees will be. This represents at least a 20% discount and savings for Malaysians compared to using other exchanges.

For users who prefer simplicity in their investments, Hata Hata offers an Instant Buy/Sell option. This incurs a minimal 1% service fee, which is 50% cheaper than other exchanges.

“With attractive fees and a platform that offers the most variety of cryptocurrencies, we hope to redefine the cryptocurrency landscape in Malaysia.” says Darien Ng, Chief Revenue Officer of Hata. 

Unlike most exchanges that hold customers’ assets overseas, Hata is deeply rooted in Malaysia, with proprietary technology and custody solutions built by Malaysians for Malaysians.