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

According to Mars Finance, on November 26th, stock and cryptocurrency trading platform Robinhood is 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 swap execution house (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 10% strategic stake in the exchange. This independent joint venture will provide futures and derivatives products, including prediction markets, to the Futures Commission Merchant (FCM) platform, and is expected to begin operations in 2026.