Deribit unveils Daily Tide daily rewards campaign within $600,000 trading contest

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Deribit unveils Daily Tide daily rewards campaign within $600,000 trading contest — Deribit starts daily tide trading event

Deribit announced the start of the "Daily Tide" daily trading event, where trades made before 08:00 UTC are counted toward daily prize tiers as part of the broader "The Island" competition with multiple reward opportunities.

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Deribit has introduced the 'Daily Tide' event as part of its broader 'The Island' trading competition, which is being held in partnership with SignalPlus. According to the published details, eligible retail traders can register between June 29 and August 10, 2026, and trades executed before 08:00 UTC each day contribute toward daily prize tiers, including USDC rewards based on volume and activity.

This campaign forms part of a 35-day promotion offering a total prize pool of up to $600,000 USDC, with participants able to access additional mechanics such as short-dated options multipliers, solo and team leaderboards, referral incentives, and various luxury and physical rewards. The promotion features multiple reward layers structured around time-based triggers that coincide with Deribit's daily settlement cycle, and is not targeted at Dubai residents. Terms and conditions apply.

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How to participate

To join the "The Island" trading competition and take part in the "Daily Tide" daily event on Deribit, users should register for the promotion using SignalPlus during the registration period. After registering, participate by trading eligible futures and options during the competition period; every trade made before 08:00 UTC will count toward daily rewards, with additional multipliers for short-dated options. Further rewards are available for leaderboard achievements and via team, referral, and block-trade mechanics. Learn more and sign up through the official Deribit link.

Deribit is a cryptocurrency exchange established in 2016 that offers trading in futures and options contracts for assets such as BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform provides a TradingView-based terminal, mobile apps, leverage up to 50x, and supports various order types including stop loss and take profit. For a detailed overview of its features, commissions, account security, and available instruments, visit the broker profile on Traders Union at this page.

For more background, see our earlier news about Deribit, which detailed the broker's weekend trading event and its role in the ongoing trading competition—read the previous Deribit update on Traders Union here.

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