Bybit Expands Shunyet Jans Role to Drive Institutional Growth

Dubai, United Arab Emirates, November 8th, 2024, Chainwire

Bybit, the worlds second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybits commitment to serving institutional clients and enhancing its innovative derivatives offerings.

Expanding Responsibilities for a Dynamic Industry

Shunyet Jan joined Bybit with a wealth of experience in both traditional finance and high-frequency trading, bringing a fresh perspective to the crypto space. Bybit has been an exciting place to work, with a strong focus on innovation and rapid execution, Shunyet noted. The culture here is remarkably collaborative, and its clear that agility and teamwork are at the heart of everything we do. His positive first impressions of Bybits team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybits role in the market.

In his expanded role, Shunyet will leverage his insights from a distinguished career, which 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 crafting solutions that cater specifically to institutional needs, bridging traditional finance principles with the flexibility of digital assets.

Championing Bybits Vision for Institutional Growth

With deep experience in 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: providing seamless access to liquidity and effective support, Shunyet explained. His dual background as both an institutional client advisor and a top global market maker allows him to anticipate and address the nuanced demands of these clients, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.

In his new role, Shunyets focus is clear: Im focused on positioning Bybit as the top choice for institutional clients by enhancing our custody solutions, expanding loan products, and strengthening liquidity across the platform. He envisions building a robust environment that not only attracts institutional clients but also elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims to further solidify its foundation in a rapidly growing sector.

A Vision for Bybits Derivatives and Institutional Future

Shunyets career trajectory highlights a commitment to adapting the best practices from traditional finance to the crypto industry. He sees significant potential in options trading for the crypto sector, especially in the APAC region, where demand is rapidly increasing. While options are standard in traditional markets, they remain underutilized in crypto. 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 of creating a secure, innovative environment for traders, and Im eager to contribute to the growth of our platform, enhancing institutional offerings while expanding sophisticated retail solutions, Shunyet added.

Helen Liu, Chief Operating Officer of Bybit, commented, Shunyets dual expertise in traditional finance and crypto markets equips him to elevate our platform for institutional clients. His insights and leadership will be instrumental as we broaden our reach in institutional services and enrich our derivatives offerings.

About Bybit

Bybit is the worlds second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula Ones reigning Constructors and Drivers champions: the Oracle Red Bull Racing team.

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