Bybit, the world’s second largest cryptocurrency exchange by trading volume, is pleased to announce that Shunyet Jan, currently Head of Derivatives, will concurrently serve as Head of Institutional Business, helping Bybit further achieve the best experience for institutional clients and continue to strengthen its determination to innovate derivatives.
Drive more business in a changing industry environment
Shunyet Jan joins Bybit with extensive experience in the traditional financial industry and high-frequency trading, bringing a new perspective to the cryptocurrency space. He said: I am honored to join Bybit and work with an excellent team in a collaborative culture. Bybit has always been committed to providing users with innovative products with flexibility and teamwork at its core. His passion for the financial industry and his good impression of the Bybit team have made Shunyet more determined to promote Bybits development in the market.
Shunyet started his career on Wall Street, where he held senior positions in program trading, ETFs, and index arbitrage at large investment banks. Later, he moved to Asia and gained extensive experience in high-frequency trading using computer algorithms. In the future, Shunyet will take on more roles and lead Bybit to combine the principles of traditional finance with the flexibility of digital assets to launch solutions that meet institutional needs.
Driving Bybit’s vision of institutional business growth
Shunyet has served multiple sovereign wealth funds, pension funds, hedge funds and market makers, and fully understands the unique needs of institutional investors. He said: Institutional sales and derivatives have a common goal, which is to provide customers with high liquidity and effective support. With the dual background of institutional client advisor and top market maker, Shunyet can accurately predict and meet customer needs, further consolidating Bybits position as the best platform and trusted partner for handling complex transactions.
After taking on the role of head of institutional business, Shunyet has a clear goal: to build a solid environment to attract institutional clients with more sophisticated trading conditions and innovative tools to enhance user experience. Shunyet pointed out: I will focus on enhancing Bybits asset custody solutions, expanding loan products and strengthening overall liquidity to make Bybit the first choice for institutional clients. By improving asset custody options and enhancing liquidity, Bybit will further consolidate its business foundation and develop steadily in a fast-growing industry.
Vision for the future of Bybit derivatives and institutional business
Shunyets experience allows him to apply the best practices of the traditional financial industry to the crypto industry. He sees great potential for options trading in the crypto space, especially in the Asia-Pacific region, where options are surging in popularity. He said: While options are already a standard product in traditional markets, they are underutilized in the crypto space. My goal at Bybit is to build a world-class options trading platform that reflects its maturity in traditional markets.
He added: “Bybit’s vision is to create a secure, innovative trading environment, and I look forward to continuing to contribute to the platform’s growth, enhancing institutional offerings and expanding the reach to more sophisticated retail solutions.”
Helen Liu, COO of Bybit, said: “Shunyet’s expertise in both traditional finance and crypto markets will help boost Bybit’s business, especially in serving institutional clients. His market insight and leadership will be crucial as we expand our institutional service offerings and enrich our derivatives products.”
