Robinhood has acquired MIAXdx and will launch a new futures and derivatives trading platform next year

On November 26th, the stock and cryptocurrency trading platform Robinhood is set to launch a futures and derivatives exchange along with a clearinghouse, thereby intensifying its investment in the prediction markets. By collaborating with Susquehanna, it has established a brand-new, independently operated joint venture, with Robinhood Markets, Inc. serving as the majority partner and providing retail demand and distribution channels. The market maker, Susquehanna International Group, is a crucial partner and the initial liquidity provider from the very first day, with plans to enlist additional liquidity providers in the future. This joint venture will expedite its service delivery through the acquisition of MIAXdx. MIAXdx is a designated contract market (DCM), derivatives clearing organization (DCO), and swap execution facility (SEF) that has obtained licenses from the U.S. Commodity Futures Trading Commission (CFTC). It 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 prediction markets, and is expected to commence operations in 2026.