🤑 Robinhood & Susquehanna Snatch 90% of MIAX’s LedgerX – Miami Holds Onto 10% Like a Lifeboat! 🚀

by

MIAX clings to 10% of LedgerX while Robinhood and Susquehanna swoop in like financial vultures for the other 90%! 🦅💼

Miami International Holdings (MIAX) has announced the sale of a whopping 90% equity stake in MIAXdx (formerly known as LedgerX, because who doesn’t love a good rebrand? 🎨) to Robinhood Markets and Susquehanna International Group. This deal, set to close in the first quarter of 2026 (or whenever the CFTC stops napping 😴), involves MIAXdx, a Commodity Futures Trading Commission (CFTC)-approved Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) that specializes in fully collateralized futures, options, and swaps. Fancy, right? 🎩✨

MIAX will keep a measly 10% stake in the exchange, because why not hold onto a little piece of the pie? 🥧 Thomas P. Gallagher, MIAX’s Chairman and CEO, claims this is a “strategic move” to gain exposure to prediction markets. Sure, Tom, or maybe you just needed the cash? 💸 JB Mackenzie from Robinhood is “excited” to keep working with MIAX to deliver “innovative trading products.” Translation: Robinhood wants in on the crypto gravy train! 🚂💰

Read More: Digital Currency Firm FTX Acquires Crypto Derivatives Platform Ledgerx (Because who doesn’t love a good bankruptcy story? 🏦💥)

🧭 FAQs (Frequently Asked Funnies)

• When will the transaction be completed? First quarter of 2026, assuming the CFTC wakes up from their nap. 😴

• What is the history of MIAXdx? Originally LedgerX, rescued from FTX’s bankruptcy in 2023 by MIAX. Talk about a second chance at life! 🌟

• Where is MIAXdx headquartered? Princeton, New Jersey, because even derivatives need a little Ivy League flair. 🏛️

• What markets does MIAXdx specialize in? Futures, options, and prediction markets. Basically, they’re financial fortune tellers. 🔮📈

Read More

2025-11-27 12:27