Miami International Holdings to Sell Majority Stake in LedgerX to Robinhood and Susquehanna

CN
2 hours ago

Miami International Holdings (MIAX) has announced the sale of a 90% equity stake in MIAXdx, its derivatives exchange subsidiary formerly known as LedgerX, to Robinhood Markets and Susquehanna International Group. The transaction, set to close in the first quarter of 2026, involves MIAXdx, a Commodity Futures Trading Commission (CFTC)-approved Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) specializing in fully collateralized futures, options, and swaps.

MIAX will retain a 10% equity stake in the exchange, with the deal representing a strategic move to gain exposure to prediction markets. Thomas P. Gallagher, MIAX’s Chairman and CEO, emphasized the partnership’s alignment with the company’s growth strategy, noting it provides “access to the growing prediction markets on an expedited basis.” JB Mackenzie from Robinhood expressed excitement about continuing to work with MIAX to deliver innovative trading products.

Read More: Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx

• When will the transaction be completed? First quarter of 2026, subject to CFTC filings.

• What is the history of MIAXdx? Originally LedgerX, acquired from FTX bankruptcy in 2023 by MIAX.

• Where is MIAXdx headquartered? Princeton, New Jersey, United States.

• What markets does MIAXdx specialize in? Futures, options, and prediction market contracts.

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