Deribit, in collaboration with SignalPlus, has announced the launch of The Island, their largest trading competition to date. This competition, which marks their fifth joint effort, showcases a staggering prize pool of up to $600,000 USDC, catering to both individual and team participants.

Competition Timeline and Registration

The registration period opens on June 29 at 08:00 UTC, with the trading competition set to take place from July 6 at 08:00 UTC until August 10 at 23:59 UTC. To take part, participants need to execute trades via SignalPlus on Deribit. The competition rankings will focus solely on the trading volumes of eligible options and futures, where options will carry a weight of 1.0 and futures 0.5.

Interested users can register here.

Competition Mechanics and Structure

The structure of this competition incorporates eleven core areas, including weekly trading volume challenges, daily reward activities, and team engagement initiatives. A unique feature of this edition is the Mystery Box deposit mechanism that allows users to unlock prizes. Furthermore, participants can enjoy a weekly profit and loss leaderboard and explore short-dated options reward multipliers within the new Flash Arena, where increased trading volumes lead to enhanced jackpot chances and additional rewards.

Early Registration Benefits

Participants who register by July 7 can look forward to receiving three free Deribit options. Team captains have a chance to secure a Cressi Velvet Wetsuit worth 300 USDC by bringing five or more friends to register by the same date. Additionally, of the first ten users to reach a trading volume of 200M by July 12, one lucky winner will be selected to receive two RIMOWA suitcases valued at a combined total of 5,000 USDC.

Highlights of The Island Competition

  • Core Arena: Weekly leaderboards for solo and team trades rewarding activity across individual and group settings.
  • Mystery Box Deposit Round: Users who consistently deposit for a week can enter the draw for guaranteed USDC prizes.
  • Daily Reward Ecosystem: Continuous engagement through individual and team missions, offering volume-based rewards.
  • Flash Arena: Short-dated options trading amplifies daily rewards and provides jackpot-like opportunities.
  • Block Arena: Participants making high-balance and block trades can unlock fee discounts and premium rewards.
  • Expansion Arena: Referral incentives aim to reward community growth and the inclusion of higher-value traders.