Deribit and SignalPlus Launch $300,000 Summer Trading Competition

Deribit, the world’s premier Bitcoin and Ethereum options ecosystem, has joined forces with SignalPlus, a crypto options and analytics dashboard, to launch the Summer Trading Competition 2025 – The Summer Chase. This five-week trading contest offers a total prize pool of over $300,000 in USDC, along with additional prizes including a Tesla, a Rolex, a Hawaii vacation, and more. The competition aims to bring together skill, strategy, and summer fun for traders around the world, with various leaderboard battles, referral contests, and daily reward events.

The competition is open to Deribit retail traders trading via SignalPlus and will run from June 26 to July 31, 2025. Participants can register through the provided link. Incentives include three free Deribit options for users who register by June 30th, a chance to win a Rolex by referring a friend, and an opportunity to win a Tesla by inviting a trader.

Luuk Strijers, Chief Executive Officer at Deribit, expressed excitement about the launch of the third edition of the Options Competition in partnership with SignalPlus. He highlighted the massive success and incredible momentum from the previous year, which led to bigger rewards, fresh challenges, and more opportunities for traders to showcase their skills. Chris Yu, Co-Founder of SignalPlus, emphasized the belief in crypto options being at the forefront of the next innovation wave, granting users ever-expanding control of their digital asset portfolios. Together with Deribit's leading platform, they aim to deliver an experience that rewards skill, fosters learning, and energizes derivatives trading for the betterment of the community.

The competition features an attractive prize pool, with participants competing on both individual and team leaderboards for a chance to win USDC cash rewards and additional prizes. The Palm Throne Tournament allows top traders to earn weekly rewards, with a twist where 1st place and odd-numbered rankers receive bonus rewards. The Island League Showdown is a team competition where teams can win up to 1,000 USDC weekly, with 20% going to team leaders. Big referral prizes include the chance to win a Tesla or the equivalent of 30,000 in USDC by inviting top-performing traders. Participation rewards and daily lucky draws incentivize active traders with guaranteed USDC awards and the chance to win a trip to Hawaii. Cassette rewards and symbol games offer additional opportunities to win prizes, while lifestyle prizes include designer sunglasses, Apple Watches, travel giveaways, and high-end electronics. Traders will also have the opportunity to upskill their trading knowledge through weekly engagement events, prediction challenges, and social activities.

The Summer Chase invites participants into a dynamic trading competition that combines strategic trading with seasonal celebration. With every trade, contenders edge closer to exclusive summer rewards. The event began on June 26, 2025.

Deribit is a centralized, institutional-grade provider of crypto derivatives ecosystem, specializing in Bitcoin and Ethereum options and futures. With state-of-the-art infrastructure, Deribit offers instantaneous price discovery, low-latency execution, advanced risk mitigation tools, and deep liquidity through a network of top-tier market makers. Deribit facilitates the majority of global crypto options volume and upholds rigorous proof-of-reserves practices to maintain the highest standards of integrity and transparency.

SignalPlus delivers a comprehensive options trading suite tailored for crypto derivatives traders. Access an advanced suite of tools to perform delta hedging, risk analysis, P&L attribution, and multi-leg execution with minimal slippage via their dashboard. Tap into exchange liquidity via listed order books or bilateral block-trade requests with institutional counterparties. Users can manage portfolio risk through an integrated suite of scenario-based risk simulations, supported by automated hedging functions and real-time Telegram alerts to help monitor exposures.

Deribit FZE is licensed to provide Virtual Asset Exchange Services and does not accept or service retail clients. DRB Panama Inc. services both retail and non-retail clients. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever. Participants onboarded as clients under Deribit FZE are eligible to win up to 5,000 USD in total throughout the competition period. They are not eligible for high-value rewards such as the Tesla or Rolex prizes. Clients registered via DRB Panama Inc. are eligible for the full prize pool, including the Tesla, Rolex, and all other promotional rewards.