Deribit and SignalPlus have launched 'The Summer Chase 2025', a trading contest offering a prize pool of over $300,000. The contest began on June 26 and will run until July 31.
About the Event
The competition features leaderboard battles, referral contests, and daily events. Deribit’s CEO, Luuk Strijers, expressed excitement about the launch, highlighting the success of last year's events. He stated:
> "We’re excited to launch the third edition of our Options Competition in partnership with SignalPlus. Following last year’s massive success, we knew we had to take things to the next level..."
Market Impact
The event is anticipated to boost trading volumes in Bitcoin and Ethereum options, potentially impacting related spot market volatility. Deribit aims to foster deeper engagement with retail traders through this competition.
Participants' Opinions
Chris Yu, co-founder of SignalPlus, mentioned that the initiative aims to elevate traders' skills, enhance learning, and invigorate the derivatives trading community. Historical trends suggest that similar events have led to increased Bitcoin and Ethereum market activity.
The Deribit and SignalPlus contest aims not only to attract new participants but also to activate trading in the options segment, which is crucial for the future development of cryptocurrency markets.
