Shunyet Jan

Shunyet Jan has worked in financial services for nearly three decades. He started at Goldman Sachs in 1997 and went on to work at investment banks including Morgan Stanley, JP Morgan, Merrill Lynch, and Barclays; after leaving investment banking, he worked for nearly eight years at the quantitative trading firm Tower Research, based in the firm’s China and Singapore offices.⁠[1][1][1]

His career has included program trading, ETFs, and index arbitrage on Wall Street, as well as algorithmic and high-frequency trading in Asia; he has long served institutional clients such as sovereign wealth funds, pension funds, hedge funds, and market makers, and has a background both as an institutional client advisor and at a top global market maker.⁠[2][2][2]

In September 2024, Shunyet Jan joined the crypto-asset trading platform Bybit as Head of Derivatives. He said Bybit has a strong focus on innovation and rapid execution and a highly collaborative team culture.⁠[1][2][2]

On November 8, 2024, Bybit announced that Shunyet Jan would also serve as Head of Institutional. He said his new role would focus on enhancing custody solutions, expanding loan products, and strengthening liquidity across the platform to make Bybit the top choice for institutional clients; he also said that options, while standard in traditional markets, remain underutilized in crypto, with demand growing rapidly especially in the APAC region, and that his goal was to build an options trading platform meeting the standards institutional investors expect. Bybit Chief Operating Officer Helen Liu said his dual expertise in traditional finance and crypto markets would help the platform expand its institutional services.⁠[2][2][2][2][2]

During his time at Bybit, he helped build the platform’s perpetual futures and contracts for difference (CFD) offering. At a major Bybit product update in August 2025, he presented the integration of CFDs into an “all in one” mobile application; previously, Bybit users could trade CFDs only through MetaTrader 5.⁠[1][1][1]

In September 2025, after about a year at Bybit as Head of Derivatives and Institutional Business, Shunyet Jan moved to the crypto-asset trading platform OKX as Vice President of Product Management.⁠[1][1]

On May 21, 2026, Binance launched Pre-IPO Perpetual Contracts, allowing users to take positions on companies’ expected valuations before they go public; the first contract was based on the anticipated public market valuation of SpaceXSpaceXSpaceX is a company founded by Elon Musk in 2002 whose businesses include space transportation, Starlink satellite communications and artificial intelligence. It went public in 2026 under the ticker SPCX.Open the full entry. Shunyet Jan, then Binance’s Head of Spot and Derivatives Business, said the product gives users earlier access to closely watched listing events and reflects the vision of building Binance into a “financial super app.”⁠[3][3][3][3]

On June 1, 2026, Binance launched 24/5 trading of US stocks and ETFs through the interface of the brokerage infrastructure company Alpaca. Shunyet Jan said many users want a more seamless way to access both digital assets and traditional financial products, that investor interest in diversified, cross-border access continues to grow, and that the underlying infrastructure is now mature enough.⁠[4][4][4]

The same month, he told CoinDeskCoinDeskCoinDesk is a cryptocurrency media, events, index, and data company founded in 2013 and headquartered in New York. Its businesses include the CoinDesk news website, the annual crypto industry conference Consensus, and the CoinDesk Indices index business. In November 2023, the digital asset exchange Bullish acquired CoinDesk from Digital Currency Group, and CoinDesk has since operated as an independent subsidiary of Bullish.Open the full entry that exchanges’ expansion into stocks was not about demand shifting away from crypto but about users wanting a more complete financial experience in one place; he noted that the tokenized real-world asset market grew 589% from early 2025 to mid-2026.⁠[5][5][5]

In July 2026, assets in Binance’s stock trading service passed $1 billion within 30 days of launch, while trading volume exceeded $3 billion over the same period. Shunyet Jan, by then Head of Exchange and Trading, said the figure showed pent-up demand among people long unable to invest in US stocks and that the product was built for the hundreds of millions who never had a way in.⁠[6][6][6]

In October 2026, Shunyet Jan said future competition among financial platforms will no longer be limited to crypto-asset trading but will integrate investment, payments, lending, and asset management into a single ecosystem covering both traditional finance and crypto markets. He said traditional finance has advantages in regulation, risk management, and functional segregation, while the crypto industry is more competitive in 24-hour trading, fast settlement, and openness, and that the two will converge faster.⁠[7][7]

He said Binance hopes to let users use the financial value of their assets without selling them, through features such as unified accounts, cross-asset margin, tokenized assets, and stablecoin payments, and to explore using AI to simplify asset selection and risk management; Binance then had more than 300 million users, most from emerging markets, and about 90% of users of its direct stock and tokenized stock products came from emerging markets, with a long-term goal of growing its user base from 300 million to 3 billion.⁠[7][7][7][7]

On October 15, 2026, Binance announced that bStocks, its tokenized stock product backed 1:1 by US securities, had surpassed $1 billion in assets under management roughly four months after launching on June 11, 2026; cumulative trading volume since launch exceeded $40 billion, and listed assets grew from five to nearly 100. Shunyet Jan said the test of a tokenized stock is not the launch-day chart but whether it still behaves like a market after launch, and said more than a billion dollars of it was held on Binance and being used.⁠[8][8][8][8][8]

In October 2026, after a connectivity outage at the US overnight trading system Blue Ocean, Binance excluded nearly three hours of premium index data from one funding settlement on its US stock perpetual futures. Shunyet Jan said traders should not pay for an outage they did not cause and that Binance kept the distorted period out of funding so that what users pay follows the real market.⁠[9][9][9][9]