Deribit launches 'The Island': 5-week trading contest with 600,000 USDC prize pool and free DRB options

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Ashutosh Sureka

01.07.2026

Deribit launches 'The Island': 5-week trading contest with 600,000 USDC prize pool and free DRB options — Deribit unveils new trading competition

Deribit has announced that registration is open for 'The Island,' a five-week trading competition offering early sign-up incentives including free DRB options and prize draws for participants who register and invite friends by specified dates.

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Deribit has launched 'The Island,' a trading competition running from July 6 to August 10, 2026, in collaboration with SignalPlus. The competition features a prize pool of up to 600,000 USDC, offering incentives such as free DRB options to early registrants, team-based prize draws, daily and weekly rewards, and a grand prize of a private island. Participants who register by July 7 receive three free DRB options, and the team captains of groups who invite at least five friends by this date are entered into a drawing for a Cressi Wetsuit. Additional rewards are available for those reaching specified trading volumes, with both individual and team-based challenges aimed at encouraging participation.

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How to participate

To join The Island trading competition with Deribit, users should first register for the event before July 7, 2026 to receive 3 free DRB options. Creating a team and inviting at least 5 friends by the same date qualifies the team captain for a Cressi Wetsuit prize drawing. Begin trading during the competition period (July 6 – August 10) to be eligible for leaderboard rankings, daily and weekly rewards, and additional prizes such as suitcases for achieving high trading volumes. Registration is available via the official sign-up link.

Deribit is a cryptocurrency exchange established in 2016, offering futures and options trading for assets such as BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform features fixed commissions, leverage up to 50x, a browser terminal powered by TradingView, and a mobile app; security measures include two-factor authentication and cold storage for user funds. For more information, see the broker profile on Traders Union.

For more context, the previous Deribit update on Traders Union highlighted the launch of 'The Island' trading competition, offering fee rebates and luxury rewards for high-volume traders and active participants. You can read more details in the earlier news about Deribit.

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