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Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, have launched The Island — their fifth trading competition together and the biggest edition to date.
Running for 35 days, the competition features up to $600,000 USDC in prizes across solo and team competition, daily and weekly reward rounds, Mystery Box deposit mechanics, short-dated options challenges, and a Private Island jackpot.
Key Details
Registration opens June 29 at 08:00 UTC, with the competition running from July 6 at 08:00 UTC through August 10 at 23:59 UTC. To participate, users must trade through SignalPlus on Deribit. Competition standings are based solely on eligible options and futures trading volume, with options weighted at 1.0 and futures at 0.5.
 
Register here: t.signalplus.com/deribitislandcompetition
How It Works
The campaign is built around eleven core arenas spanning weekly volume competition, daily reward loops, team participation, referral-driven expansion, whale and block-trade incentives, and dynamic ecosystem progression — all connected in a single experience. New mechanics in this edition include the Mystery Box deposit experience, a weekly P&L leaderboard, short-dated options reward multipliers, and the Flash Arena, where higher short-dated options volume unlocks more jackpot shots and reward opportunities.
Early Bird Incentives
Users who register by July 7 receive 3 free Deribit options. Team captains who invite five or more friends to register by July 7 are in with a chance to win a Cressi Velvet Wetsuit valued at 300 USDC. Among the first 10 participants to reach 200M in trading volume by July 12, one randomly selected winner receives two RIMOWA suitcases valued at 5,000 USDC in total.
Competition Highlights
Core Arena — Weekly solo and team trading leaderboards rewarding notional trading activity across individual and squad-based competition.
Mystery Box Deposit Round — Users who register and maintain deposits for 7 days unlock chances in the Mystery Box draw tied to guaranteed USDC prizes and premium rewards.
Daily Reward Ecosystem — Daily individual and team missions drive repeat engagement, with volume-based rewards and team milestone unlocks.
Flash Arena — Short-dated options trading powers daily reward multipliers and jackpot-style mechanics, including access to the Private Island reward opportunity.
Block Arena — High-balance and block-trade participants unlock fee rebates and luxury reward opportunities.
Expansion Arena — Referral mechanics reward both community growth and successful invitations of higher-value traders.
Beyond the Private Island headline reward, the prize pool includes a Rolex Watch, Apple Vision Pro, NVIDIA Stock, Luxury Turkey Trip, Ledger Stax, Gentle Monster Sunglasses, Razer Keyboard, SOL spot rewards, trading fee coupons, and daily USDC prize pools.
In Their Own Words
“The Island brings together everything we want this competition to be: bigger scale, stronger participation loops, and a structure that rewards how active options traders actually engage. With solo and team competition, short-dated options mechanics, and aspirational rewards led by the Private Island jackpot, this is our most ambitious retail trading campaign yet,” said Luuk Strijers, Senior Director at Deribit by Coinbase.
“The Island is designed to make participation more dynamic and more rewarding — whether traders are competing on volume, teaming up with their network, or engaging through short-dated options and daily missions. Together, we are creating a more immersive experience for sophisticated retail traders,” said Chris Yu, CEO and Co-Founder of SignalPlus.
About Deribit
Deribit by Coinbase is a centralized, institutional-grade crypto derivatives platform specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices.
About SignalPlus
SignalPlus provides trading software and infrastructure for crypto derivatives, helping professional and sophisticated retail traders access options, futures, and spot markets with advanced execution and analytics tools.
This campaign is run by DRB Panama Inc and is not targeted at or intended for residents of Dubai, UAE. T&Cs apply. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value in part or in full.