- Hata obtains full approval from the
Securities Commission of Malaysia
and launched its exchange
- Support USD onramp and offramp
- Rolled out affiliate programme, sharing 30% of its trading
fee with users who refer others to trade on its Exchange
- Zero trading fee across major pairs and
opportunity to earn crypto airdrop
KUALA LUMPUR, Malaysia,
July 19, 2024 /PRNewswire/ -- Hata
has officially secured full approval from the Securities Commission
of Malaysia to launch its
exchange. Having obtained full approval from the Labuan
Financial Services Authority (a mid-shore jurisdiction in
Malaysia) in June 2023, Hata
is now the first and only dual-licensed exchange by both onshore
and mid-shore regulators in Malaysia.
Filling the gap in Asia
with USD onramp and
offramp
Hata operates a US Dollar cryptocurrency exchange, allowing
users globally to deposit, trade and withdraw funds in US Dollars.
Hata users can also swap US Dollars with USDT for free.
With the foreign exchange market in Asia Pacific recorded at $396 trillion annually[1], Hata aims
to serve the large US Dollar foreign exchange market by providing
traders and institutions a licensed platform to convert US Dollars
into stablecoins to facilitate cross border payments and access
cryptocurrency in the region.
"Institutions and high net worth individuals still rely heavily
on US Dollars to settle cross border transactions in Asia. With institutional adoption into
cryptocurrency on the rise, coupled with weakening local currencies
in the region against US Dollar, we foresee users moving their
monies into USD pegged stablecoins to conduct transactions." says
David Low, Chief Executive
Officer of Hata.
Hata currently supports trading of more than 40 cryptocurrency
pairs on its platform that are paired with USDT and US Dollar, with
the goal of supporting more crypto products in the near future.
30% Revenue Share on its Exchange
Hata (www.hata.io) has introduced an affiliate program. Any
users who sign up on Hata can refer their family and friends to
earn a reward. Hata provides a revenue share of 30% from the
trading fees it earns to the affiliates who refer their network to
trade on Hata's exchange.
"This affiliate programme is designed to let users globally
capitalise on their network to earn rewards. We hope that this
provides an economic opportunity for our users to earn a side
income with minimal effort," says Darien Ng, Chief
Revenue Officer of Hata.
Zero trading fees and free airdrop
To further incentivise early users, Hata has also rolled out
zero fees for its major crypto pairs, including USD/USDT pair.
Users who sign up from now until 31
October 2024 and trade on the exchange will be added to
a waitlist. Users in the waitlist will have an opportunity to
earn free airdrops in the near future.
[1]
https://www.bis.org/publ/qtrpdf/r_qt2212f.pdf &
https://www.bis.org/publ/bppdf/bispap82e_rh.pdf
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