Deribit Launches Trading Contest with 600K USDC Prize Pool and Private Island Grand Prize on July 6

According to Bitcoin.com News, Deribit and Signalplus launched "The Island" trading competition on July 6, running through August 10, 2026. The contest begins with a 400,000 USDC prize pool that expands to 500,000 USDC at 15 billion dollars in global trading volume and reaches 600,000 USDC at 25 billion dollars. The headline prize is a private island or its cash equivalent, with additional rewards including Rolex watches, Nvidia stock, Bali and Turkey trips, and Apple Vision Pro headsets tied to specific volume and referral thresholds. Coinbase, which acquired Deribit for $2.9 billion in August 2025, backs the five-week competition.
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