Deribit and SignalPlus jointly launch the 'Island' trading competition, with prizes up to 600k USDC.

On July 6, 2026, Deribit, part of Coinbase, and SignalPlus, a leading provider of crypto derivatives software and infrastructure solutions, jointly announced the launch of the fifth trading competition—"The Island"—which is also the largest to date.

The competition lasts 35 days, with a total prize pool of up to 600,000 USDC, covering individual and team competitions, daily and weekly reward rounds, blind box deposit mechanisms, short-term options challenges, and the "Private Island" grand prize.

Registration for "The Island" competition opened on June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC to August 10 at 23:59 UTC. Participants must trade on Deribit via SignalPlus. Rankings will be based solely on qualifying options and futures trading volume, with options weighted at 1.0 and futures at 0.5.

This event is designed around eleven core arenas, covering weekly volume battles, daily reward cycles, team participation, referral-driven expansion, whale and block trade incentives, and dynamic ecosystem progression within a unified interconnected experience. New mechanisms for this edition include a blind box deposit experience, weekly P&L leaderboard, short-term options reward multiplier, and the "Lightning Arena"—where higher short-term options trading volume unlocks more grand prize draw opportunities and rewards.

Key Information

Total Prize Pool: Up to 600,000 USDC

Registration Period: June 29, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC

Competition Period: July 6, 2026, 08:00 UTC – August 10, 2026, 23:59 UTC

Eligibility: Open to qualified retail traders trading on Deribit via SignalPlus

Registration Link: https://t.signalplus.com/deribitislandcompetition

This event is operated by DRB Panama Inc and is not available to users in Dubai, UAE. Please note that virtual assets are subject to extreme market volatility and involve high risk, which may result in partial or total loss of value.

Early Bird Rewards

Users who register before July 7 will receive 3 free Deribit options.

Captains who invite 5 or more friends to register before July 7 will have a chance to win a Cressi velvet wetsuit worth 300 USDC.

Among the first 10 participants to trade 200 million in volume before July 12, one winner will be randomly selected to receive two RIMOWA suitcases worth a total of 5,000 USDC.

"The Island brings together everything we wanted from this competition: greater scale, stronger engagement loops, and a format designed to reward the way active options traders actually participate," said Luuk Strijers, Senior Director at Deribit, part of Coinbase. "With individual and team competitions, short-term options mechanics, and aspirational rewards headlined by a 'Private Island' grand prize, this is our most ambitious retail trading event yet."

"We are thrilled to collaborate again with Deribit, part of Coinbase, on the latest edition of the competition," said Chris Yu, Co-founder and CEO of SignalPlus. "The Island is designed to make participation more dynamic and rewarding, whether traders are competing on volume, teaming up with their network, or engaging through short-term options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders."

Competition Highlights Include:

Core Arena: Weekly individual and team trading leaderboards rewarding notional volume in individual and squad competitions.

Blind Box Deposit Rounds: Users who register and maintain a deposit for 7 days unlock blind box draws tied to guaranteed USDC prizes and premium rewards.

Daily Reward Ecosystem: Daily individual and team missions encourage repeat participation, offering volume-based rewards and team milestone unlocks.

Lightning Arena: Short-term options trading drives daily reward multipliers and jackpot-like draw mechanics, including opportunities to win the "Private Island" prize.

Block Arena: High-balance and block trade participants unlock fee rebates and luxury reward opportunities.

Expansion Arena: Referral mechanisms designed to reward community growth and successfully inviting high-value traders.

In addition to the headline "Private Island" grand prize, this year's prize pool includes a range of premium rewards such as Rolex watches, Apple Vision Pro, NVIDIA stock, a luxury trip to Turkey, Ledger cold wallets, Gentle Monster sunglasses, Razer keyboards, SOL rewards, trading fee vouchers, and daily USDC prize pools.

"The Island" competition invites participants to join a dynamic retail trading contest that combines strategic trading, team participation, and a layered reward structure. With every trade, participants move closer to exclusive rewards—from daily USDC prizes to the "Private Island" headline grand prize. The event officially begins today.

About Deribit

Deribit, part of Coinbase, is a centralized, institutional-grade crypto derivatives ecosystem provider focused on options and futures trading for Bitcoin and Ethereum. Leveraging state-of-the-art infrastructure, Deribit offers instant price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a top-tier market maker network. Deribit facilitates the majority of global crypto options trading volume and adheres to strict proof-of-reserves practices to maintain the highest standards of integrity and transparency.

About SignalPlus

SignalPlus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets through advanced execution and analytics tools. SignalPlus offers a comprehensive options trading suite tailored for crypto derivatives traders.

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