Dubai, United Arab Emirates, November 8, 2024, Chainwire
Bybit, the world’s second largest cryptocurrency exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will assume the expanded role of Head of Institutional. This move underlines Bybit’s commitment to serving institutional clients and enhancing its creative derivatives offering.
Expanding responsibilities in a active industry
Shunyet Jan joins Bybit with extensive experience in both time-honored finance and high-frequency trading, bringing a fresh perspective to the crypto space. “Bybit is an exciting place to work with a strong focus on innovation and rapid execution,” noted Shunyet. “There is exceptional collaboration here and it is clear that agility and teamwork are at the heart of everything we do.” His positive first impressions of the Bybit team and culture, shaped by his experience in various financial environments, only strengthened his enthusiasm for strengthening Bybit’s role in the market.
In his expanded role, Shunyet will leverage his insights from a distinguished career that includes roles in program trading, ETFs and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia. His leadership will guide Bybit in creating solutions tailored specifically to institutional needs, combining time-honored financial principles with the flexibility of digital assets.
Supporting Bybit’s institutional development vision
With deep experience serving sovereign wealth funds, pension funds, hedge funds and market makers, Shunyet understands the unique needs of institutional investors. “Institutional sales and derivatives share a common goal: to provide seamless access to liquidity and effective support,” Shunyet explained. His dual experience as an advisor to institutional clients and a leading global market maker allows him to anticipate and respond to the diverse requirements of these clients, helping Bybit strengthen its reputation as a trusted partner for sophisticated trading solutions.
In his up-to-date role, Shunyet’s focus is clear: “I am focused on positioning Bybit as the best choice for institutional clients by enhancing our custody solutions, expanding lending products and strengthening liquidity across the platform.” It envisages building a hearty environment that will not only attract institutional clients, but also enhance their experience through improved trading conditions and creative tools. By improving its custody options and increasing liquidity, Bybit aims to further strengthen its foundations in the rapidly growing sector.
Bybit’s vision for derivatives and the institutional future
Shunyet’s career path highlights a commitment to adapting best practices from time-honored finance to the crypto industry. He sees significant potential in options trading for the cryptocurrency sector, especially in the APAC region where demand is growing rapidly. “While options are standard in time-honored markets, they remain underutilized in cryptocurrencies. My goal is to build a world-class options trading platform that offers the same level of sophistication and reliability that institutional investors expect.
“Bybit has a vision to create a safe, innovative environment for merchants, and I am eager to contribute to the growth of our platform by enhancing institutional offerings while developing sophisticated retail solutions,” Shunyet added.
Helen Liu, COO of Bybit, commented: “Shunyet’s dual expertise in time-honored finance and cryptocurrency markets allows him to enhance our platform for institutional clients. His insights and leadership will play a key role in expanding our reach of institutional services and enriching our derivatives offering.
About Bybit
Bybit is the world’s second largest cryptocurrency exchange by trading volume, serving over 50 million users. Founded in 2018, Bybit provides a professional platform where cryptocurrency investors and traders can find an ultra-fast matching engine, 24/7 customer support, and multilingual community support. Bybit is a proud partner of the current champion constructors and drivers of Formula 1: the Oracle (NYSE:) Red Bull Racing team.
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ContactHead of PRTony AuBybittony.au@bybit.com
