Bybit Expands Shunyet Jan’s Role to Drive Institutional Growth
Dubai, United Arab Emirates, November 8th, 2024, Chainwire
Bybit, the world's 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 Bybit's 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 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 it’s clear that agility and teamwork are at the heart of everything we do.”
His positive first impressions of Bybit's team and culture, shaped by his background across diverse financial environments, have only reinforced his enthusiasm for advancing Bybit's role in the market.
Shunyet will leverage his insights from a distinguished career in program trading, ETFs, index arbitrage on Wall Street, and algorithmic and high-frequency trading in Asia in his expanded role. 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 Bybit's 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 an institutional client advisor and a top global market maker allows him to anticipate and address these clients' nuanced demands, helping Bybit solidify its reputation as a trusted partner for sophisticated trading solutions.
In his new role, Shunyet’s focus is clear: “I’m 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 attracts institutional clients and elevates their experience through refined trading conditions and innovative tools. By refining custody options and liquidity enhancements, Bybit aims further to solidify its foundation in a rapidly growing sector.
A Vision for Bybit's Derivatives and Institutional Future
Shunyet's 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 rapidly increases.
"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 I’m 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, “Shunyet’s 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 world's second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform for crypto investors and traders to find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions: the Oracle Red Bull Racing team.
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