Robinhood acquires MIAXdx, to launch new futures and derivatives exchange next year

According to Foresight News, stock and cryptocurrency trading platform Robinhood is launching a futures and derivatives exchange and clearing house to deepen its investment in prediction markets. It is partnering with Susquehanna to form a new, independently operated joint venture in which Robinhood Markets, Inc. will serve as the controlling partner and provide retail demand and distribution access. Market maker Susquehanna International Group is a key partner and first-day liquidity provider, and other liquidity providers will be introduced in the future. The joint venture will accelerate its service delivery through the acquisition of MIAXdx. MIAXdx is a designated contract market (DCM), derivatives clearing organization (DCO) and swap execution facility (SEF) licensed by the U.S. Commodity Futures Trading Commission (CFTC) and a wholly owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX). MIAX will continue to hold a strategic 10% stake in the exchange. The independent joint venture will offer futures and derivatives products to the Futures Commission Merchant (FCM) platform, including prediction markets, and is expected to begin operations in 2026.
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