Key Takeaways
Deribit and Signalplus opened a 600,000 USDC contest working July 6 to August 10, 2026.Coinbase, which purchased Deribit for $2.9 billion in 2025, backs the five-week competitors.Referral tiers attain Nvidia inventory at 1,500 signups and a Rolex at 3,000 signups.
The competition, referred to as “The Island,” begins tomorrow on July 6 at 08:00 UTC and runs by way of August 10 at 23:59 UTC. Deribit owns the platform the place the buying and selling occurs. Signalplus provides the analytics instruments, leaderboards, and referral monitoring that decide who wins.
How the prize pool grows
The bottom pool begins at 400,000 USDC. It expands to 500,000 USDC as soon as international legitimate buying and selling quantity hits 15 billion {dollars}, and to 600,000 USDC at 25 billion {dollars}. Increased quantity might additionally lengthen the competition by one to 2 weeks.
Choices trades depend double the load of futures trades within the quantity calculations. Merchants utilizing contracts that expire in seven days or much less unlock extra multipliers by way of a mechanic Deribit calls the Island Amplifier.
The prizes on supply
The headline prize is a personal island or its money equal. Deribit and Signalplus additionally listed Rolex watches, journeys to Bali and Turkey, Apple Imaginative and prescient Professional headsets, Nvidia inventory and Hermès equipment as rewards tied to particular quantity, referral and deposit thresholds.
Day by day and weekly USDC payouts run alongside the bigger prizes. One qualifying commerce can earn a dealer a share of a 100 USDC every day pool, which provides informal contributors a path to rewards with out competing in opposition to high- quantity accounts.
A number of methods to qualify
The competitors is cut up into greater than 11 separate arenas. Merchants can compete on weekly quantity, weekly revenue and loss, crew quantity, referrals, deposits held for seven days or extra, and block trades positioned by way of Deribit’s institutional desk.
Block buying and selling requires a minimal 200,000 USDC deposit. Merchants who hit that threshold achieve entry to price rebates of 30 p.c to 50 p.c on qualifying trades, plus a shot at a devoted block commerce prize.
Referrals carry a few of the largest particular person payouts. Deribit ties Outpost rewards to the variety of certified merchants somebody brings in, with tiers that attain NVIDIA inventory at 1,500 referrals and a Rolex GMT-Grasp II at 3,000.
Setup takes a number of steps
Members want a funded Deribit account with an lively API key, then a linked Signalplus account to register for the person or crew leaderboards. Deribit recommends finishing KYC verification earlier than the competition begins, since account matching and reward distribution rely on it.
Merchants who register earlier than July 7 qualify for early bonuses, together with three free choices contracts and entry right into a quantity dash that rewards the primary accounts to achieve 200 million {dollars} in quantity by July 12.
What this implies for merchants
Coinbase accomplished its acquisition of Deribit in August 2025 for roughly 2.9 billion {dollars}. This contest is likely one of the clearest indicators but that Coinbase is utilizing Deribit’s derivatives enterprise to drag in lively choices merchants, notably these buying and selling short-dated bitcoin ( BTC) and ethereum ( ETH) contracts.
Rewards are paid inside 15 working days of the ultimate outcomes, both because the listed prize or a capped USDC equal. Deribit and Signalplus haven’t revealed stay leaderboards, so standings replace solely at set intervals by way of August 10.
