Bybit announced that the current head of derivatives business, Shunyet Jan, will also serve as the head of institutional business. Shunyet has held key positions in algorithmic trading, ETFs, and index arbitrage at large investment banks, and has extensive experience in high-frequency trading using computer algorithms. Shunyet has served multiple sovereign wealth funds, pension funds, hedge funds, and market makers. Shunyet expressed the hope of establishing a solid environment to attract institutional clients with more refined trading conditions and innovative tools, enhancing user experience, and will focus on strengthening Bybit's asset custody solutions, expanding loan products, and enhancing overall liquidity, making Bybit the choice for institutional clients.