Bybit appoints Sebastian Gawenda as options business leader
Crypto News

Bybit appoints Sebastian Gawenda as options business leader

3m
Created 7mo ago, last updated 7mo ago

Bybit, a UAE-based crypto exchange, has hired Sebastian Gawenda as its options business leader

Bybit appoints Sebastian Gawenda as options business leader
Bybit, a UAE-based crypto exchange, has hired Sebastian Gawenda as its options business leader.

Gawenda joins Bybit as an experienced institutional sales expert. He previously led the Institutional Sales teams for Crypto.com’s spot and derivatives exchanges.

Earlier, Gawenda was instrumental in guiding the Institutional Relationships and Solutions division for the EMEA region at Kraken

“There’s a significant market demand for USDC-settled options coupled with access to a thriving spot and derivatives market,” said Sebastian. “I’ve observed this need in conversations with institutions and individual traders. I’m thrilled to join Bybit, which already boasts a thriving spot and derivatives market, a unified trading account, cutting-edge technology, and an exceptional team — it’s a winning combination!”

Gawenda is also an experienced algorithmic equity-options trader with a background in traditional finance. His technical expertise and knowledge of conventional and crypto-native industries make him the ideal candidate to bridge the two worlds. 

Ben Zhou, co-founder and CEO of Bybit, said:

“We are delighted to welcome Sebastian to the Bybit family. His expertise and track record in institutional sales and options trading make him a valuable addition to our team. With Sebastian leading our Options division, we are confident in our ability to provide enhanced trading services to institutional clients in the future.”

The derivatives market scene continues to grow, with competitors like Deribit, OKX, and Binance fortifying their positions and meeting increasing market needs. 

Bybit has been expanding its services globally. In 2022, it introduced the first USDC-settled options contracts for Bitcoin and Ethereum. 

Recently, Bybit completed its first Inter-College Hackathon at the American University of Sharjah in the UAE. 

In October, Bybit launched its crypto derivative products and a new fiat on-ramp service in South Africa via its subsidiary, Money Doc (Proprietary) Limited.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

0 people liked this article

Related Articles

Crypto News
NEAR backed out from a $11 million stablecoin redemption deal with Wintermute
Among the major recent events in crypto involve NEAR and Wintermute’s platforms revolving around their stablecoin redemption deal that’s worth millions. Evgeny Gaevoy announced these proceedings an...
7mo ago
4m
Crypto News
Dogecoin Price Prediction – DOGE Rally To $0.085 Seems Imminent
Dogecoin is showing positive signs above the $0.0720 resistance against the US Dollar. DOGE could rally over 10% if it clears the $0.0765 resistance zone. DOGE started a decent increase above the $...
7mo ago
3m
Crypto News
Kaiko reports Alameda gap still exists
In a Nov. 6 report from Kaiko, a leading source of cryptocurrency market data, despite Bitcoin’s rally in October, the Alameda gap still exists one year after the FTX collapse.
7mo ago
3m
Crypto News
Circle Considers Going Public In 2024
The post Circle Considers Going Public In 2024 appeared first on Coinpedia Fintech News USDC stablecoin issuer Circle is reportedly exploring the possibility of an initial public offering (IPO) in ...
7mo ago
2m
Crypto News
Cardano upgrade delays tied to ‘boring’ academic approach — CEO
Cardano Foundation CEO Frederik Gregaard told Cointelegraph that the pieces of research that the network has “spent years of doing and implementing” are already being used by some of the fast-movin...
7mo ago
5m
Crypto News
Robinhood CEO Bullish On Bitcoin ETF Amid European Expansion Plans
In a recent earnings call, Vlad Tenev, the CEO of Robinhood Markets Inc., expressed his optimism about the future of Bitcoin and its potential as a mainstream asset, alluding to the possibility of ...
7mo ago
3m