1Token and Bybit Institutional Jointly Release 2025 Crypto Quant Strategy Index Report

1Token, a SOC2-compliant institutional crypto portfolio and risk management platform serving over $20 billion in assets, and Bybit, one of the world’s leading cryptocurrency exchanges with deep derivatives liquidity, today jointly released the 2025 Crypto Quant Strategy Index Report. The report is a full-cycle institutional study examining systematic crypto strategies across 2025’s macro repricing environment and October volatility event.

1Token: Institutional Benchmark Framework

The report is built on data from 25 professional trading teams managing over $10 billion in AUM and evaluates more than 50 strategies using a unified time-weighted methodology.

1Token constructed benchmark indices across venues to normalize NAV performance and assess accumulated PnL, drawdown, volatility, Sharpe, Sortino, and Calmar ratios. The framework provides institutional allocators and trading desks with transparent and comparable performance analysis across centralized exchanges.

Strategy Architecture: Delta, Dollar & Directional

The study analyzes three core strategy pillars:

Delta Neutral — funding and basis-driven carry strategies focused on capital preservation and stable yield extraction.
Dollar Neutral — relative-value long/short strategies capturing sector dispersion and liquidity dislocations.
Directional — macro-driven beta exposure strategies with higher volatility and return amplitude.

Results show structural differentiation across regimes: Delta Neutral emphasized stability, Dollar Neutral captured episodic inefficiencies, and Directional strategies delivered higher raw returns with greater drawdowns.

Bybit: Structural Performance Under Neutral Strategies

Within the Dollar Neutral sample, Bybit recorded the highest accumulated return (66.69%) among major venues during the observation period, supported by strong risk-adjusted metrics and a controlled drawdown profile.

Under the Delta Neutral framework, Bybit ranked in the upper tier by return while maintaining among the lowest observed volatility and drawdown levels.

Across both neutral categories, the cross-metric consistency suggests stable execution conditions aligned with institutional risk-management standards.

In addition, 1Token’s API-based integration enables institutional users to conduct real-time portfolio aggregation, venue-level PnL attribution, and independent performance verification within a unified infrastructure framework.

About 1Token

1Token (https://1token.tech/) is a SOC2 Compliant software for institutional Crypto Portfolio, Risk, Operations, Accounting and Lending Management, named Hedgeweek's 2024 "Portfolio Management Solution of the Year", serving 100+ top-tier institutional clients in the crypto industry, including SMA Allocators, Multi-Strategies Trading Funds, DMA Prime Brokers, Asset Managers, Lending Institutions, Fund Admins & Auditors across the US, EU, and APAC, collectively managing over $20 billion in assets.For general inquiries like authorization requests of the report, product demo, or general collaboration opportunities, please email service@1token.trade.

About Bybit Institutional

Bybit Institutional (https://www.bybit.com/en/institutional) is the institutional services division of Bybit, providing trading infrastructure, capital-efficient lending solutions, and unified account management for professional crypto market participants. It serves hedge funds, asset managers, brokers, proprietary trading firms, market makers, and other institutional investors across global markets, offering access to deep liquidity in spot and derivatives markets, customized fee structures, institutional-grade reporting tools, and dedicated client support.For institutional onboarding, trading inquiries, or collaboration opportunities, please email：institutional_services@bybit.com