Robinhood and Susquehanna JV Acquires 90% of MIAXdx to Launch CFTC-Licensed Derivatives Exchange

November 30, 2025

Robinhood Markets, in partnership with Susquehanna International Group, formed a joint venture and acquired a 90% controlling stake in MIAX Derivatives Exchange (MIAXdx). The JV plans to use MIAXdx’s CFTC-regulated designated contract market (DCM) and derivatives clearing organization (DCO) infrastructure to expand Robinhood’s prediction markets and derivatives offerings.

Buyers
Robinhood Markets, Inc., Susquehanna International Group
Targets
MIAX Derivatives Exchange (MIAXdx)
Sellers
Miami International Holdings, Inc. (MIAX)
Location
New Jersey, United States
Transaction Type
Buyout

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