Polymarket Acquires CFTC-Licensed Exchange and Clearinghouse QCEX for $112 Million

Coinbase Acquires FairX to Build Regulated Crypto Derivatives Offering

January 12, 2022

Financial Services

Coinbase announced it is acquiring FairX (operating as LMX Labs, LLC), a CFTC-designated derivatives exchange, to accelerate the launch of regulated crypto derivatives for retail and institutional customers in the United States. The deal gives Coinbase a regulated trading venue and associated infrastructure and talent, enabling it to offer listed futures initially through FairX's partner ecosystem and eventually to all Coinbase customers; the transaction is subject to customary closing conditions.

Quantix Acquires CLX Logistics

April 2, 2024

Transportation

Quantix SCS, a Wind Point Partners portfolio company, has acquired CLX Logistics, a Blue Bell, Pennsylvania-based provider of chemical-focused transportation management systems, managed services, liquid bulk 3PL and analytics. The deal expands Quantix's capabilities in liquid bulk and technology, creating a combined chemical-focused 3PL platform with more than $2 billion in logistics spend, approximately 5,400 owned assets, 40+ distribution centers and rail terminals, and 3,300 partner carrier relationships.

FTX.US (West Realm Shire Services) Acquires LedgerX (Ledger Holdings Inc.)

August 31, 2021

Financial Services

West Realm Shire Services Inc. (FTX.US) has executed an agreement to acquire Ledger Holdings Inc., parent company of CFTC-regulated LedgerX, a digital currency futures and options exchange and clearinghouse. The acquisition is intended to expand FTX.US's regulated crypto derivatives capabilities for both retail and institutional US customers; the deal is subject to customary closing conditions and financial terms were not disclosed.

MarketAxess Acquires Majority Stake in RFQ-hub Holdings LLC

May 12, 2025

Financial Services

MarketAxess Holdings Inc. has acquired approximately a 90% controlling stake in RFQ-hub Holdings LLC, the multi-dealer RFQ platform for listed and OTC derivatives, structured products and ETFs. Founding consortium members including Virtu Financial, Citadel Securities, Flow Traders, Jane Street Capital and BlackRock will retain minority stakes and continue to partner with MarketAxess as it integrates RFQ-hub technology and expands the platform globally.

Robinhood–Susquehanna JV Acquires 90% of MIAX Derivatives Exchange (MIAXdx)

November 30, 2025

Financial Services

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.

Cboe Global Markets Acquires NEO (Aequitas Innovations)

November 15, 2021

Financial Services

Cboe Global Markets has entered into a definitive agreement to acquire Aequitas Innovations, Inc. (NEO), the operator of the Toronto-based NEO Exchange and related businesses including NEO Connect. The deal strengthens Cboe's Canadian equities and listings capabilities, combining NEO with Cboe's existing MATCHNow ATS to create a more comprehensive Canadian equities platform; the transaction is expected to close in H1 2022 subject to regulatory approvals.