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Deribit and SignalPlus Launch 'The Island' Trading Competition With $600,000 Prize Pool

Organizers say the 35-day, gamified campaign uses new reward mechanics to boost retail options and futures activity on Deribit's trading venue.

Overview

  • Deribit by Coinbase and SignalPlus have opened a 35-day trading competition run by DRB Panama Inc that requires participants to trade through SignalPlus on Deribit to qualify.
  • The campaign uses eleven arenas and new features — Mystery Box deposit draws, a weekly P&L leaderboard, short‑dated options reward multipliers, and a Flash Arena — to gamify engagement.
  • Standings are based only on eligible trading volume with options weighted 1.0 and futures weighted 0.5, and early-bird bonuses such as three free options were offered for quick registrants.
  • The prize mix tops out at up to $600,000 USDC and includes a Private Island jackpot plus luxury items like a Rolex, Apple Vision Pro, NVIDIA stock, trips, hardware and daily USDC pools.
  • Organizers include standard investor risk warnings and geographic exclusions, and the design will likely steer extra short-dated options flow to Deribit, which could change liquidity and fee patterns for retail traders.