Deribit and SignalPlus Launch $200,000 Winter Trading Competition

Deribit, the world’s premier Bitcoin and Ethereum options
exchange, in partnership with SignalPlus, a leading options trading dashboard
and analytics hub, is excited to unveil the second edition of the Winter
Trading Competition 2024.

This year’s competition offers participants a $200,000 USDC
prize pool, along with various prizes such as iPhones, PlayStation 5s, and
other rewards. Additionally, participants will benefit from valuable learning
opportunities and insightful trading sessions designed to enhance their skills
and strategies, making this the biggest and most rewarding crypto trading
contest of the year.

The Winter Trading Competition 2024 is open to all retail
participants who utilize their Deribit accounts to trade cryptocurrency
options, futures and spot on the SignalPlus platform. Registrations are open
and will remain open until December 9th 2024. The competition begins today
November 4th to December 9th, 2024, spanning 35 days of intense trading action.

US Election Registration Bonus As an added incentive,
traders who register by November 5 will receive a US Election Option, available
as part of a limited-time bonus. Registrations remain open until December 9,
2024.

Luuk Strijers, Chief Executive Officer at Deribit,
“We’re thrilled to launch the second edition of our trading competition in
collaboration with SignalPlus. Following the remarkable success of last year’s
iteration, we are excited to raise the bar even higher this time. The growth
and enthusiasm we witnessed have inspired us to expand the competition,
offering even more opportunities for participants to showcase and expand their
skills.”

Competition Highlights:

• Prizes
  and Rewards: Compete in both individual and team categories, with
  special bonuses for team leaders and daily prize draws.
• Referral
  Program: Up to 10,000 USDC in rewards is available through a referral
  program for inviting others to register and trade on Deribit.
• Sign-Up
  Incentives : Bonuses are available for all registrations, first
  trades, and inviting friends, with participants eligible for prizes that
  range from cash rewards to tech products.
• Luxury
  and Variety: Participants have the chance to win various rewards,
  including iPhone 16s, iPads, Apple Watches, cash prizes in USDC, and
  travel to Thailand.
• Prestigious
  Recognition: Top individual winners will earn honorary certificates,
  while winning teams will take home trophies.
• Learning
  opportunities: Participants will also gain access to six master-level
  options AMAs (Ask Me Anything sessions) and Deribit’s product training
  hosted by industry experts, available absolutely free. These sessions are
  designed to elevate trading skills.

Chris Yu, Co-Founder of SignalPlus, added: “We’re
excited to collaborate with Deribit on this landmark trading competition. At
SignalPlus, our mission is to enhance the trading experience through
innovation, and this event reflects that commitment. By combining our advanced
technology with Deribit’s robust platform, we’re offering participants an
unparalleled opportunity to engage with crypto options in fresh, dynamic ways,
pushing the boundaries of strategy and skill.”

Competition Rules and Rewards:

• Individual
  Race: Individual participants will compete through semi-final and
  final stages, with prizes awarded to the top 35 traders. The
  highest-ranking trader will earn up to 5,000 USDC.
• Team
  Contest: The top five teams will win prizes ranging from 1,000 to
  5,000 USDC. Additionally, each day for 35 days, one team member will
  win a luxurious trip to Thailand.
• Daily
  Draws: For 35 consecutive days, 111 lucky participants will win cash
  rewards daily.
• Daily
  Lucky Ranks: Every day, 9 special traders will receive prizes ranging
  from 10 to 300 USDC.
• Extra
  Incentives: Over 10,000 bonus prizes are available for
  registering, inviting friends, and making your first trade – the rewards
  keep flowing!

Key Details:

• Prize
  Pool: 200,000 USDC.
• Registration
  Period: October 23rd – December 9th, 2024.
• Competition
  Period: November 4th – December 9th, 2024.

Seize the opportunity to compete with top traders globally
and start your journey toward exciting prizes today!

About Deribit

Deribit (https://www.deribit.com/) is a centralized,
institutional-grade crypto derivatives exchange for options and futures
trading. With state-of-the-art infrastructure, Deribit offers instantaneous
price discovery, low-latency trading, advanced risk mitigation services, and
deep liquidity through a network of top-tier market makers. Led by a team with
decades of experience in options trading across all markets, Deribit
facilitates a significant majority of all crypto options trading and adheres to
robust proof of assets and liabilities procedures to ensure the highest
standards.

About SignalPlus

SignalPlus provides a world-class options trading dashboard
that covers risk tracking, profit/loss attribution, strike and theta analysis.
Users can execute multi-legged orders with embedded algorithms to minimize
slippage and conduct in-depth profit/loss and exposure assessments using
simulation tools and scenario analysis. SignalPlus also automates delta hedging
across varying market conditions and offers real-time trade notifications
through Telegram, empowering traders with the insights and tools needed for
successful trading.

This article was written by FL Contributors at www.forexlive.com.