On July 6, 2026, in Panama City, Panama, Deribit, through its broker-dealer DRB Panama Inc., joined forces with SignalPlus, a notable provider of software and infrastructure for crypto derivatives, to unveil their latest initiative: The Island. This marks the fifth installment of their trading competition and promises to be the most thrilling one yet.

The competition is set to last for 35 days and features a total prize pool of up to $600,000 USDC. Participants can compete in both solo and team events, take part in daily and weekly rewards, and engage with new features such as Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.

Details of The Island Competition

Registration for The Island began on June 29 at 08:00 UTC, with the main competition running from July 6 at 08:00 UTC until August 10 at 23:59 UTC. To join, users need to trade on signalPlus via Deribit. The competition standings will be determined solely based on eligible options and futures trading volume, which entails options being scaled at 1.0 and futures at 0.5.

This campaign is structured around eleven core arenas, which include weekly volume challenges, daily reward loops, team participation, and incentives for whale and block trades. Noteworthy innovations in this edition encompass the new Mystery Box deposit experience, a weekly P&L leaderboard, and reward multipliers for short-dated options.

Exciting Features and Opportunities

The Flash Arena is another intriguing aspect, enhancing user experience; higher trading volumes in short-dated options will lead to more opportunities to win additional jackpots. Here’s a quick summary of what participants can expect:

  • Total Prize Pool: Up to $600,000 USDC
  • Registration Period: June 29, 2026, 08:00 UTC August 10, 2026, 23:59 UTC
  • Competition Timeline: July 6, 2026, 08:00 UTC August 10, 2026, 23:59 UTC
  • Eligibility: Open for retail traders on Deribit via SignalPlus

It's important to note that this campaign is managed by DRB Panama Inc. and is not aimed at residents of Dubai, UAE. The trading of virtual assets comes with high volatility and significant risk, with the potential for total or partial loss of capital.

Early Bird Bonuses

Those who register by July 7 will receive three complimentary Deribit options. Furthermore, team leaders who recruit at least five friends by the same date will have a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Additionally, among the first ten participants who hit 200 million in trading volume by July 12, one lucky winner will be drawn to take home two RIMOWA suitcases worth a collective 5,000 USDC.

“The Island encapsulates our vision for this competition by enhancing participation and rewarding genuine trading engagement,” said Luuk Strijers, Senior Director at Deribit by Coinbase. “This is our most ambitious retail trading initiative thus far.” Chris Yu, CEO of SignalPlus, echoed this enthusiasm, stating, “We are thrilled to collaborate with Deribit on this special edition of the competition.”