Deribit and SignalPlus Launch $300,000 Crypto Trading Competition

Deribit and SignalPlus have launched "The Summer Chase 2025," a five-week crypto trading competition offering over $300,000 in USDC. The event, which began on June 26 and will continue until July 31, is exclusive to Deribit users via SignalPlus. This initiative is designed to enhance activity in Bitcoin and Ethereum options markets, providing a platform for traders to showcase their skills and compete for significant rewards.

The competition features a variety of engaging activities, including leaderboard battles, referral contests, and daily events. Participants have the opportunity to win both cash prizes and exclusive rewards such as a Tesla, a Rolex, and a vacation to Hawaii. Early registrants are further incentivized with three free Deribit options, encouraging enhanced engagement and liquidity in the crypto derivatives markets.

Luuk Strijers, Deribit's CEO, expressed enthusiasm about the event, stating that it builds on the success of previous years. He highlighted the increased rewards and fresh challenges, aiming to take the competition to the next level. The goal is to foster a deeper engagement with options trading among retail traders, potentially impacting the associated spot markets' volatility.

Chris Yu, co-founder of SignalPlus, emphasized the partnership's objective to elevate traders' skills, enhance learning, and invigorate the derivatives trading community. Historical trends suggest that similar events have led to increased market activity and engagement in Bitcoin and Ethereum options trading.

The competition includes several highlights, such as the Palm Throne Tournament, where top traders earn weekly rewards, and the Island League Showdown, a team competition offering up to 1,000 USDC weekly. Additional incentives include big referral prizes, participation rewards, daily lucky draws, and lifestyle prizes. Traders can also upskill their knowledge through weekly engagement events and prediction challenges.

Deribit, a leading Bitcoin and Ethereum options ecosystem, offers state-of-the-art infrastructure and deep liquidity. SignalPlus provides a comprehensive options trading suite tailored for crypto derivatives traders, featuring advanced tools for risk analysis, P&L attribution, and multi-leg execution. The partnership aims to create a dynamic trading environment that combines strategic trading with seasonal celebration, inviting traders to showcase their skills and enjoy the summer fun.