Robinhood to Launch Futures Exchange in 2026 via MIAXdx Acquisition and Susquehanna Joint Venture

Robinhood Markets will acquire MIAXdx and form a joint venture with Susquehanna International Group to operate a futures and derivatives exchange and clearinghouse, with operations expected to begin in 2026. Robinhood will serve as the controlling partner while Susquehanna will act as the key liquidity provider at launch. MIAXdx, a CFTC-licensed designated contract market, derivatives clearing organization, and swap execution facility currently owned by Miami International Holdings, will see its parent company retain a 10% strategic stake in the new venture. The independent platform will offer futures and derivatives products including prediction markets to futures commission merchant platforms.