[Robinhood Acquires MIAXdx, Plans to Launch Futures and Derivatives Exchange in 2026] Robinhood announced plans to launch a futures and derivatives exchange and clearinghouse through the acquisition of MIAXdx, with operations expected to begin in 2026. Robinhood has partnered with Susquehanna to establish an independently operated joint venture, where Robinhood Markets, Inc. will act as the controlling partner, providing retail demand and distribution channels, while Susquehanna will serve as a key partner and day-one liquidity provider. Additional liquidity providers will be introduced in the future. MIAXdx is a wholly-owned subsidiary of Miami International Holdings, Inc., and has been authorized by the U.S. Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF). MIAX will retain a 10% strategic equity stake in the exchange.