Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the appointment of seasoned banker Shunyet Jan as the head of its derivatives division. This strategic move underscores Bybit’s commitment to investing in top talent to drive innovation and maintain its leadership in the derivatives market.
Navigating Industry Changes
Shunyet Jan joins Bybit during a pivotal time for the crypto industry, characterized by evolving regulatory landscapes and emerging opportunities. With decades of experience in both traditional and digital markets, he is well-positioned to steer Bybit’s derivatives division into its next growth phase.
In discussing the current state of the industry, Shunyet highlighted the need for clear regulatory frameworks. “The absence of well-defined regulations is slowing institutional adoption and creating unnecessary barriers to market growth,” he remarked. He emphasized Bybit’s commitment to advocating for transparent regulations and developing products that inspire confidence among institutional investors.
Shunyet also noted the untapped potential of options trading within the crypto space. “While options dominate traditional financial derivatives, they remain underutilized in crypto. As the market matures, I believe options will become a crucial tool for risk management and yield generation, especially in the APAC region, where they have already gained popularity.”
Shaping Bybit’s Derivatives Strategy
In his new role, Shunyet will oversee Bybit’s derivatives offerings, including perpetuals, futures, and options. His extensive background in Wall Street and high-frequency trading in Asia will be instrumental in refining Bybit’s products to meet the demands of both institutional and retail traders.
“Bybit has long been recognized as a derivatives powerhouse, and I’m excited to contribute to its vision of being the ‘Crypto Ark’—a secure, innovative platform guiding traders through the next era of crypto and Web3,” Shunyet shared.
A Wealth of Experience
Shunyet’s career began on Wall Street, where he held key positions at various investment banks, specializing in program trading, ETFs, and index arbitrage. His transition to Asia immersed him in the world of algorithmic and high-frequency trading before focusing on institutional crypto markets. His cross-disciplinary experience positions him as a valued leader as Bybit seeks to bridge the gap between traditional and digital finance.
“Shunyet’s profound expertise in traditional finance and his insights into the crypto markets will elevate Bybit’s platform, particularly for institutional clients,” said Helen Liu, Chief Operating Officer of Bybit. “With Shunyet at the helm of our derivatives business, we’re poised to enhance our institutional offerings and expand our reach into more sophisticated retail solutions.”
Looking Ahead
“I’m excited to be part of Bybit at such a pivotal moment for the industry. Bybit’s ambition, innovation, and focus on building a user-centric platform align with my vision of where crypto is headed,” Shunyet stated. He looks forward to contributing to the company’s growth and introducing more sophisticated trading solutions to the market.
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