Robinhood–Susquehanna JV Acquires 90% of MIAX Derivatives Exchange (MIAXdx)
November 30, 2025
A joint venture formed by Robinhood Markets and Susquehanna International Group acquired 90% of MIAX Derivatives Exchange (MIAXdx) from Miami International Holdings, which retained a 10% stake. The deal gives Robinhood and SIG a CFTC‑registered designated contract market and derivatives clearing organization to accelerate the firms' entry and capability expansion into prediction markets and derivatives trading.
- Buyers
- Robinhood Markets, Inc., Susquehanna International Group
- Targets
- MIAX Derivatives Exchange (MIAXdx)
- Sellers
- Miami International Holdings, Inc.
- Industry
- Financial Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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