Crypto Traders Compete for 600K USDC, Private Island Grand Prize via Deribit Contest

The contest, called “The Island,” starts time connected July 6 astatine 08:00 UTC and runs done August 10 astatine 23:59 UTC. Deribit owns the level wherever the trading happens. Signalplus supplies the analytics tools, leaderboards, and referral tracking that find who wins.

How the prize excavation grows

The basal excavation starts astatine 400,000 USDC. It expands to 500,000 USDC erstwhile planetary valid trading volume hits 15 cardinal dollars, and to 600,000 USDC astatine 25 cardinal dollars. Higher volume could besides widen the contention by 1 to 2 weeks.

Options trades number treble the value of futures trades successful the volume calculations. Traders utilizing contracts that expire successful 7 days oregon little unlock further multipliers done a mechanic Deribit calls the Island Amplifier.

The prizes connected offer

The header prize is simply a backstage land oregon its currency equivalent. Deribit and Signalplus besides listed Rolex watches, trips to Bali and Turkey, Apple Vision Pro headsets, Nvidia banal and Hermès accessories arsenic rewards tied to circumstantial volume, referral and deposit thresholds.

Daily and play USDC payouts tally alongside the larger prizes. One qualifying commercialized tin gain a trader a stock of a 100 USDC regular pool, which gives casual participants a way to rewards without competing against high- volume accounts.

Multiple ways to qualify

The contention is divided into much than 11 abstracted arenas. Traders tin vie connected play volume, play nett and loss, squad volume, referrals, deposits held for 7 days oregon more, and artifact trades placed done Deribit’s organization desk.

Block trading requires a minimum 200,000 USDC deposit. Traders who deed that threshold summation entree to interest rebates of 30 percent to 50 percent connected qualifying trades, positive a changeable astatine a dedicated artifact commercialized prize.

Referrals transportation immoderate of the largest idiosyncratic payouts. Deribit ties Outpost rewards to the fig of qualified traders idiosyncratic brings in, with tiers that scope NVIDIA banal astatine 1,500 referrals and a Rolex GMT-Master II astatine 3,000.

Setup takes respective steps

Participants request a funded Deribit relationship with an progressive API key, past a linked Signalplus relationship to registry for the idiosyncratic oregon squad leaderboards. Deribit recommends completing KYC verification earlier the contention starts, since relationship matching and reward organisation beryllium connected it.

Traders who registry earlier July 7 suffice for aboriginal bonuses, including 3 escaped options contracts and introduction into a volume sprint that rewards the archetypal accounts to scope 200 cardinal dollars successful volume by July 12.

What this means for traders

Coinbase completed its acquisition of Deribit successful August 2025 for astir 2.9 cardinal dollars. This contention is 1 of the clearest signs yet that Coinbase is utilizing Deribit’s derivatives concern to propulsion successful progressive options traders, peculiarly those trading short-dated bitcoin ( BTC) and ethereum ( ETH) contracts.

Rewards are paid wrong 15 moving days of the last results, either arsenic the listed prize oregon a capped USDC equivalent. Deribit and Signalplus person not published unrecorded leaderboards, truthful standings update lone astatine acceptable intervals done August 10.