- Deribit and SignalPlus launch $300K competition for options traders.
- Event exclusive to Deribit users via SignalPlus.
- Enhances Bitcoin and Ethereum options market activity.
Deribit and SignalPlus have launched “The Summer Chase 2025,” a five-week crypto trading competition offering over $300,000 in USDC. The event began on June 26 and will continue until July 31.
This event is significant due to its potential to increase trading volume and liquidity on Deribit‘s platform, specifically affecting Bitcoin and Ethereum options markets.
About the Event
Deribit, the largest crypto options ecosystem, along with SignalPlus, an analytics dashboard, have offered a total prize pool of over $300,000 USDC. The competition features leaderboard battles, referral contests, and daily events.
Luuk Strijers, Deribit’s CEO, expressed excitement about the event’s launch, highlighting how it builds on last year’s success. He emphasized:
We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success and incredible momentum, we knew we had to take things to the next level. This year, we’re raising the stakes with bigger rewards, fresh challenges, and even more opportunities for traders to showcase their skills.
Participants compete for both cash and exclusive prizes like a Tesla, Rolex, and Hawaii vacation.
The initiative aims to boost activity in Bitcoin and Ethereum options trading. Early registrants benefit from three free Deribit options, encouraging enhanced engagement and liquidity in crypto derivatives markets.
Impact on the Market
The event is expected to influence BTC and ETH options volume, potentially impacting associated spot markets’ volatility. Deribit aims to foster a deeper engagement with options among retail traders through this competition.
According to Chris Yu, co-founder of SignalPlus, the goal is to elevate traders’ skills, enhance learning, and invigorate the derivatives trading community. Historical trends suggest similar events have led to increased Bitcoin and Ethereum market activity and engagement.
