TradFi Veteran Shunyet Jan Joins Bybit as New Head of Derivatives Business

Summary:
• In his new role, Shunyet will oversee the growth of Bybit’s derivatives business, which includes perpetuals, futures, and options.

Shunyet Jan, Head of Derivatives Business at Bybit

 Bybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce the appointment of seasoned banker Shunyet Jan to head its derivatives division. This significant appointment underscores Bybit’s commitment to investing in top-tier talent to drive innovation and sustain its leadership in its derivatives business.

Championing Growth Amidst Industry Evolution

Shunyet Jan joins Bybit during a transformative time in the crypto industry, where regulatory landscapes are shifting, and new opportunities are emerging. With his decades-long expertise spanning both traditional and digital markets, Shunyet is uniquely positioned to lead Bybit’s derivatives division into its next phase of growth.

Speaking on the current state of the industry, Shunyet emphasized the importance of clear regulatory frameworks. “The absence of well-defined regulations is slowing institutional adoption, creating unnecessary barriers to market growth,” Shunyet noted. “At Bybit, I’m committed to advocating for transparent regulations and developing products that will inspire greater confidence among institutional investors.”

He also highlighted the untapped potential of options trading within crypto markets. “While options dominate traditional financial derivatives, they remain underutilized in crypto. As the market matures, I believe we will see options become a pivotal tool for risk management and yield generation, especially in the APAC region where they have already surged in popularity. My goal at Bybit is to build a world-class options trading platform that reflects the sophistication of its traditional counterparts.”

Driving Bybit’s Derivatives Vision

In his new role, Shunyet will oversee the growth of Bybit’s derivatives business, which includes perpetuals, futures, and options. With his extensive experience in both Wall Street and high-frequency trading in Asia, Shunyet will help refine Bybit’s offerings to meet the evolving demands of institutional and retail traders alike. His leadership will be instrumental in further solidifying Bybit’s position as a market leader, offering cutting-edge, high-performance products designed for a rapidly advancing crypto space.

“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 Distinguished Career in Finance

Shunyet’s career began on Wall Street, where he held key positions at prominent investment banks, specializing in program trading, ETFs, and index arbitrage. into the crypto markets will elevate Bybit’s platform, particularly in serving the institutional audience,” 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.”

“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. I look forward to contributing to the company’s growth and bringing more sophisticated trading solutions to the market,” said Shunyet Jan, Head of Derivatives at Bybit.