Robinhood Acquires MIAXdx, to Launch New Futures and Derivatives Trading Platform Next Year

BlockBeats News, November 26th, Stock and cryptocurrency trading platform Robinhood is launching a futures and derivatives exchange and clearinghouse, deepening its foray into the prediction market investment. Through a partnership with Susquehanna, it has established a new, independently operated joint venture, with Robinhood Markets, Inc. as the controlling partner, providing retail demand and distribution channels. Market maker Susquehanna International Group is a key partner and initial liquidity provider on launch day, with plans to onboard additional liquidity providers 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 is a wholly-owned subsidiary of Miami International Holdings, Inc. (MIAX) (NYSE: MIAX). MIAX will retain a 10% strategic equity interest in the exchange. This independent joint venture will offer futures and derivative products to futures commission merchants (FCMs) platforms, including the Robinhood prediction market, expected to launch in 2026.