Robinhood Set to Acquire 90% Stake in MIAX Derivatives Exchange

By Staff Writer

27th Nov 2025

Fintech

Fintech

• Robinhood to acquire 90% of MIAXdx, expanding into derivatives and prediction markets.
• MIAX retains 10% stake and shifts focus to core exchange operations.
• Deal expected to close in Q1 2026, with plans to develop new customer-focused products.

Robinhood Markets is set to acquire a 90% ownership stake in MIAX Derivatives Exchange (MIAXdx), a division of Miami International Holdings, in a strategic move backed by Susquehanna International Group. MIAX will retain a 10% stake in the business.

MIAXdx is registered with the US Commodity Futures Trading Commission as both a Designated Contract Market and a Derivatives Clearing Organization. The exchange is authorised to list and clear fully collateralised futures, options on futures, and swaps, marking a major expansion point for Robinhood as it builds out its presence in the exchange-traded derivatives space.

The deal is expected to close in Q1 2026, pending regulatory approvals.

Thomas Gallagher, Chairman and CEO of MIAX, described the move as a “logical step” in focusing on the firm’s core exchange business, while still maintaining exposure to the growing prediction markets sector.

For Robinhood, the acquisition further supports its expansion into derivatives and futures trading. The company said it looks forward to developing new products for its customers and described MIAX as a leader in market infrastructure.

Share this article!