Robinhood acquires MIAXdx and will launch a new futures and derivatives trading platform next year.

Robinhood, the stock and cryptocurrency trading platform, is reportedly launching a futures and derivatives exchange and clearinghouse, deepening its investment in prediction markets. It is forming a new, independently operated joint venture with Susquehanna, with Robinhood Markets, Inc. acting as the controlling partner and providing retail demand and distribution channels. Market maker Susquehanna International Group is a key partner and first-day liquidity provider, with other liquidity providers to 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 House (DCO), and Swaps Executor (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 continue to hold a 10% strategic stake in the exchange. This independent joint venture will provide futures and derivatives, including Robinhood's prediction markets, to a futures commission merchant (FCM) platform and is expected to begin operations in 2026.