Deribit launches daily OSPREY backpack giveaway for traders hitting 5M volume during 'The Island' event

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Ezequiel Gomes

21.07.2026

Deribit announced a promotional event offering daily draws for an OSPREY backpack, accessible to traders who reach a 5 million daily trading volume threshold during a limited period. This offer is part of a larger retail derivatives trading competition featuring various physical and cash prizes.

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According to the official event description, Deribit is running a multi-faceted derivatives trading competition known as 'The Island', in partnership with SignalPlus and Coinbase, which spans from July 6 to August 10, 2026. The OSPREY backpack giveaway referenced in the broker’s announcement is positioned as one of several physical daily prizes available to participants who meet specified daily trading volume thresholds, set against the broader context of a campaign that encompasses various reward formats including USDC cash prizes, luxury items, and milestone-based incentives tied to trading performance, team activity, and referral tiers.

Eligibility for these physical prize draws, including the OSPREY backpack, requires traders to meet or exceed a daily trading volume of 5 million, with additional rules stipulating that qualifying volume must be generated through options and futures trades on Deribit accessed via SignalPlus. Full campaign mechanics grant entrants opportunities through daily missions, leaderboards, and other gamified engagement elements, though further specifics about individual physical prize allocation beyond the daily draw structure are not provided in the linked materials.

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How to participate

To take part in Deribit's "The Island" trading competition, register for the event during the campaign period and trade futures and options via SignalPlus on the Deribit platform. Participation includes individual and team formats, with mechanics such as daily and weekly challenges, referral rewards, and special draws, including opportunities to win prizes like the OSPREY backpack by reaching specific trading volume thresholds. To get started, users can join via the official sign-up link.

Deribit is a cryptocurrency exchange launched in 2016, specializing in futures and options trading with instruments such as BTC, ETH, USDC, SOL, XRP, LUNA, and AVAX. The platform features the TradingView browser terminal with technical analysis tools, offers up to 50x leverage, and charges fixed, below-average commissions. For further details on trading conditions, supported assets, and security features, visit the broker profile on Traders Union: full review on Traders Union.

For more on Deribit's recent initiatives, including the launch of a daily options reward multiplier as part of its trading competition with SignalPlus, see our earlier news about Deribit. This context highlights the broker's ongoing efforts to enhance trading rewards and engagement.

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