Hata Digital Sdn Bhd (Hata), Malaysia’s 5th regulated Digital Asset Exchange (DAX), has received full approval from the Securities Commission Malaysia (SC) to launch its cryptocurrency exchange.

At launch, Hata offers trading for over 10 tokens approved by the SC, with more to come as approved by the commission for regulated DAXes operating in Malaysia. A key feature for Hata is its claim for having the lowest trading fees among local regulated exchanges, with maker fees of 0% and taker fees between 0.1% to 0.4%. There’s also a simple Instant Buy/Sell option with a 1% fee.

Interestingly, Hata supports instant deposits and withdrawals via bank transfer, another feature only available on Hata, in which users can have unlimited MYR deposits and a daily withdrawal limit of RM250,000, which can be increased for VIP customers under specific terms. It is also currently the only exchange that accepts deposits from e-wallets like GrabPay and Boost (with a 1.5% fee).

Hata is founded by Darien Ng, KK Chong, and David Low – the latter previously spent five years as Luno’s Asia Pacific general manager.

To celebrate its full launch, Hata has introduced an affiliate program that allows you to earn rewards by referring your family and friends, in which you’ll receive a 30% revenue share from the trading fees generated by your network 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,” said David Low, CEO of Hata.

Hata’s exchanges are already up and running – find out more at its official website.

• TAGS:
• Cryptocurrency
• Digital Asset Exchanges (DAX)
• Hata