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Deribit launches HYPE option airdrop for new traders during The Island trading competition
Deribit announced that new traders who register between July 8 and July 15 will receive a free HYPE option as part of its ongoing 35-day trading competition, which offers up to 600,000 USDC in rewards.
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Deribit has launched 'The Island', a 35-day trading competition co-hosted with SignalPlus, running from July 6 through August 10, with a total prize pool of up to 600,000 USDC. The event features a range of prize categories, including individual and team performance, daily and weekly rounds, and additional mechanics such as options challenges, deposit-driven Mystery Boxes, and referral rewards.
As part of the promotion, new traders who register between July 8 and July 15 will receive a free HYPE option airdropped weekly. Participation requires KYC verification, a funded Deribit account, an active API key, and a connected SignalPlus account.
How to join the promotion
To take part in Deribit's 35-day trading competition, users need to register, complete KYC verification, fund their Deribit account, create an active API key, and connect a SignalPlus account. The competition runs from July 6 to August 10, and new traders who register between July 8 and July 15 will receive a free HYPE option airdropped weekly. Participation involves trading options and/or futures to accumulate qualifying volume, with multiple rewards available. Interested clients can register via the official sign-up link.
Deribit is a cryptocurrency exchange established in 2016 that enables futures and options trading in assets such as BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX, with leverage up to 50x. The platform offers a TradingView-powered web terminal, mobile apps, stop loss and take profit order types, and fixed commission rates generally below market average. For further details about its features, trading instruments, and security measures, see the broker profile on Traders Union.
For more context on Deribit's recent promotions, see our coverage of their time-limited team trading campaign and exclusive rewards in the earlier news about Deribit.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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