The trading community is buzzing with excitement as Deribit and Signalplus launch a thrilling five-week competition, allowing participants to vie for an impressive prize pool reaching up to 600,000 USDC. This event kicks off on July 6 and continues until August 10, 2026, offering various opportunities for traders to showcase their skills.

Competition Details

The aptly named competition, 'The Island,' will start at 08:00 UTC. With Deribit overseeing the trading platform and Signalplus providing analytics tools, traders will have access to features like leaderboards and referral tracking to help them strategize their approach.

Prize Pool Structure

The initial prize pool begins at 400,000 USDC and can expand based on trading volume:

  • The pool increases to 500,000 USDC once global trading volume hits $15 billion.
  • It can reach 600,000 USDC with a total volume of $25 billion.

Additionally, higher trading volumes may extend the contest's duration by one to two weeks. Each options trade will be counted as double compared to futures trades in the volume calculations, giving traders additional incentives to participate.

Rewards and Incentives

Among the grand rewards, the top prize offers either a private island or its cash equivalent. Other exciting rewards include:

  • Luxury Rolex watches
  • Vacations to Bali and Turkey
  • Apple Vision Pro headsets
  • NVIDIA stock
  • Hermès accessories

Traders can not only compete for major prizes but also earn daily payouts by participating. For example, one qualifying trade can yield a portion of a 100 USDC daily pool, giving casual traders a chance to earn amidst the competitive environment.

Qualification and Participation

The competition features more than 11 different categories for traders to enter, focusing on metrics such as weekly volume, profit and loss, team volume, and more. Block trading, which necessitates a minimum deposit of 200,000 USDC, grants traders exclusive access to fee rebates. Notably, the referral program can yield substantial rewards, with a chance to win NVIDIA stock at 1,500 referrals and a special Rolex GMT-Master II at 3,000.

To participate, contestants must have a funded Deribit account and link it with a Signalplus account. It is highly recommended to complete KYC verification prior to the contest to streamline account matching and reward distribution.

Those who register before July 7 are eligible for early bonuses, including complimentary options that can further enhance their trading strategies.