Bybit, the world’s second largest cryptocurrency exchange by trading volume, is pleased to announce that Shunyet Jan, currently Head of Derivatives, will assume the additional role of Head of Institutional Business, helping Bybit further achieve the best experience for institutional clients and continue to strengthen its determination to innovate derivatives.

Driving 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 innovative products to users with flexibility and teamwork at its core.” Shunyet’s passion for the financial industry and his good impression of the Bybit team have made him more determined to drive Bybit’s development in the market.

Shunyet began 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 also has 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 the needs of institutions.

Drive 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 his dual background as an institutional client advisor and a top market maker, Shunyet is able to accurately predict and meet customer needs, further consolidating Bybit's 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 refined trading conditions and innovative tools to enhance user experience. Shunyet noted: "I will focus on enhancing Bybit's 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 steadily develop in a fast-growing industry.

Vision for the future of Bybit's derivatives and institutional business

Shunyet's 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 have not been fully utilized 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 and innovative trading environment, and I look forward to continuing to contribute to the platform’s growth, enhancing institutional products and expanding the business scope to more sophisticated retail solutions.”

“Shunyet’s expertise in traditional finance and crypto markets will help enhance Bybit’s business, especially in serving institutional clients. His market insight and leadership will be crucial as we expand our institutional service scope and enrich our derivatives products,” said Helen Liu, COO of Bybit.

Shunyet Jan, Head of Institutional Business and Head of Derivatives Business at Bybit

About Bybit

Founded in 2018, Bybit is the world’s top two cryptocurrency exchange by trading volume, with over 50 million users. It offers a professional platform for cryptocurrency investors and traders, including a super-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a partner of Formula 1 racing team and drivers' champion Oracle Red Bull Racing.

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