Deribit, one of the world’s leading crypto derivatives exchanges, has teamed up with SignalPlus, a quantitative trading interface, to launch “The Summer Chase 2025,” an ambitious five-week trading competition designed to energize retail participation in crypto options trading. Running from June 26 through July 31, the event features a total prize pool exceeding $300,000 USDC and includes a variety of high-end non-cash rewards such as a Tesla, luxury Rolex timepieces, designer goods, and fully paid vacations to Hawaii.
The initiative reflects a growing trend in the digital asset space: gamification of trading. By transforming the trading experience into an engaging contest with multiple dimensions of competition, Deribit and SignalPlus aim to attract a broader demographic of retail users, especially those new to options trading.
Participants must trade options through SignalPlus to be eligible for the rewards. Traders who register by June 30 will receive a bonus of three free Deribit options contracts, lowering the barrier to entry and encouraging early participation. The competition has been structured to provide various pathways to win, beyond just volume or PnL metrics.
“We’re raising the stakes with bigger rewards and fresh challenges to give traders the ultimate competitive platform,” said Luuk Strijers, CEO of Deribit. “This event blends education, strategy, and excitement into a one-of-a-kind experience for the global crypto trading community.”
Multiple Leaderboards, Team Battles, and Referral Rewards
Central to the competition’s format is the weekly “Palm Throne” leaderboard, which provides prizes not only for top-ranked participants but also for those who finish in odd-numbered positions. This unique twist adds an element of chance to the rankings, incentivizing wider participation regardless of overall rank.
In addition to the solo race, a team-based contest known as the “Island League” lets participants form groups and compete for weekly USDC rewards. Team leaders can earn bonus prizes, and collaborative performance is rewarded with up to 20% in weekly reward boosts. These mechanics are designed to foster community and strategic collaboration among traders.
SignalPlus Co-Founder Chris Yu stated, “Together with Deribit, we’re delivering an experience that rewards skill, fosters learning, and builds trader camaraderie. This is more than just a competition—it’s a celebration of creativity, persistence, and performance in the options space.”
To further boost engagement, the competition includes daily events such as lotteries, trivia challenges, and prediction games. Educational content—including masterclasses, trade analysis, and strategy guides—will be released throughout the event to help participants sharpen their skills.
Referral bonuses offer additional upside potential. Participants can invite friends to the platform, and top referrers stand a chance to win coveted prizes such as Rolex watches and even a Tesla vehicle. The more trading volume their invitees generate, the higher their chances of unlocking high-tier rewards.
For more information, traders can visit Deribit’s official website or the SignalPlus interface to register, track leaderboard performance, and explore event details. “The Summer Chase 2025” signals a new era of interactive and rewarding trading experiences in the world of crypto derivatives.
