Bybit appoints new leader to spearhead crypto options market expansion

Rick Steves

Bybit, a leading crypto exchange, announces Sebastian Gawenda as the new head of its options market, bolstering the company’s innovative position in cryptocurrency options trading.

Bybit, the globally recognized crypto exchange platform, has taken a decisive step to consolidate its influence in the crypto options market by appointing Sebastian Gawenda as the head of its options business.

Gawenda, an expert with a distinguished record in institutional sales, was previously at the helm of institutional sales teams at and has significantly contributed to the institutional relations and solutions at Kraken.

Sebastian Gawenda joins Bybit after and Kraken

Sebastian’s proficiency and a decade’s experience as an algorithmic equity-options trader make him a powerhouse, particularly suitable for Bybit’s progressive trading environment. His appointment is expected to streamline Bybit’s offerings, especially after their groundbreaking launch of USDC-settled options for BTC and ETH last year. This move is indicative of Bybit’s commitment to not only remain at the forefront of the crypto trading industry but also to push the boundaries of what is possible within crypto options markets.

Gawenda brings a wealth of experience that merges the spheres of traditional finance and cryptocurrency, promising to deliver a unique perspective that could catalyze innovation within Bybit’s options trading strategies.

His technical prowess and comprehensive understanding of the market dynamics are anticipated to be instrumental in bridging the gap between traditional financial instruments and the burgeoning crypto-native products.

Bybit expanding offering with USDC-settled options

Sebastian’s vision for Bybit includes harnessing the robust infrastructure of the platform, from its unified trading account to its state-of-the-art technology, to meet the growing demand for USDC-settled options. His enthusiasm for joining Bybit stems from the company’s established spot and derivatives market, which he sees as a vital component in providing comprehensive trading solutions.

“There’s an incredible need in the market for USDC-settled options paired with access to a thriving spot and derivatives market. I see this from my conversations with institutions all the way to small individual traders. That’s why I’m so excited to join Bybit, there’s already a thriving spot and derivatives market, unified trading account, technology, and this incredible team — it’s a winning combination!,” said Gawenda.

Ben Zhou, the co-founder and CEO of Bybit, expressed his enthusiasm about Sebastian’s addition to the team, highlighting his track record and expertise as key assets that will undoubtedly enhance Bybit’s offerings to institutional clients. With this strategic appointment, Bybit is set to enhance its trading services, strengthening its proposition to institutional and individual traders alike.

“We are thrilled to welcome Sebastian to the Bybit family. His expertise and track record in institutional sales and options trading make him an invaluable addition to our team. With Sebastian at the helm of our Options division, we are confident in our ability to offer enhanced trading to institutional clients moving forward,” said Zhou.

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