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

The stock and cryptocurrency trading platform Robinhood is launching a futures and derivatives exchange and clearinghouse, deepening its investment in the prediction market.

Through a partnership with Susquehanna, a new, independently operated joint venture will be established, with Robinhood Markets, Inc. acting as the holding partner and providing retail demand and distribution channels. Market maker Susquehanna International Group will serve as a key partner and initial liquidity provider, with plans to introduce additional liquidity providers in the future. The joint venture will accelerate its service delivery by acquiring 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). MIAX will continue to hold a 10% strategic equity stake in the exchange. This independent joint venture will provide futures and derivatives for futures commission merchant (FCM) platforms, including prediction markets, and is expected to begin operations in 2026.