Panama City, Panama, July 6th, 2026, Chainwire
Deribit by Coinbase, via its broker-dealer DRB Panama Inc., and SignalPlus, a leading provider of software and infrastructure solutions for crypto derivatives, today announced the launch of The Island, their fifth trading competition and 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.
Registration for The Island opens on 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 will be based on eligible options and futures trading volume only, with options weighted 1.0 and futures weighted 0.5.
The campaign is designed 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 in one connected 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.
Key Details
- 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 eligible retail traders on Deribit via SignalPlus
- Registration Link: https://t.signalplus.com/deribitislandcompetition
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.
Early Bird Incentives
- Users who register by July 7th will receive 3 free Deribit options.
- Team captains who invite five or more friends to register by July 7th will have 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 will receive two RIMOWA suitcases valued at 5,000 USDC in total.
“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,” said Luuk Strijers, Senior Director from Deribit by Coinbase. “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.”
“We are excited to partner with Deribit by Coinbase once again on the latest edition of the competition,” said Chris Yu, CEO and Co-Founder from SignalPlus. “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.”
Competition Highlights include:
- Core Arena: Weekly solo and team trading leaderboards designed to reward notional trading activity across individual and squad-based competition.
- Mystery Box Deposit Round: Users who register and maintain deposits for seven days unlock Mystery Box draw chances tied to guaranteed USDC prizes and premium rewards.
- Daily Reward Ecosystem: Daily individual and team missions encourage repeat engagement, with volume-based rewards and team milestone unlocks.
- Flash Arena: Short-dated options trading powers daily reward multipliers and jackpot-style shooting mechanics, including access to the Private Island reward opportunity.
- Block Arena: High-balance and block-trade participants can unlock fee rebates and luxury reward opportunities.
- Expansion Arena: Referral mechanics reward both community growth and successful invitations of higher-value traders.
In addition to the Private Island headline reward, this year’s prize pool includes a range of premium rewards such as 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.
The Island invites participants into a dynamic retail trading competition that combines strategic trading with team-based participation and a tiered reward structure. With every trade, participants move closer to exclusive rewards, from daily USDC prizes to the Private Island headline jackpot. The event begins today.
About Deribit
Deribit by Coinbase is a centralized, institutional-grade provider of crypto derivatives ecosystem, 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 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 with advanced execution and analytics tools. SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders.
Contact
Manager, Retail Sales
Sidrah Fariq
Deribit
sidrah.fariq@coinbase.com