Robinhood and Susquehanna Are Taking Over LedgerX – Future’s Looking Wild!

by

Ah, Robinhood Markets, Inc. (Nasdaq: HOOD) – the financial wunderkind that makes buying stocks feel like playing Monopoly – is at it again. This time, it’s teaming up with Susquehanna International Group (you know, the big fish in the Bitcoin ETF pond) to conquer the thrilling, fast-paced world of prediction markets. The dynamic duo is setting its sights on LedgerX, a crypto derivatives exchange once upon a time controlled by Miami International Holdings. Spoiler alert: LedgerX is about to get a Robinhood makeover. 🏦✨

With this acquisition, Robinhood is not just dipping its toes into prediction markets. Oh no, my friends. They’re launching a full-on futures and derivatives exchange and clearinghouse, which, as Reuters so eloquently put it, is going to make them a major player in this oh-so-trendy space. Because who doesn’t love betting on the future, right? 🎰📉

A Joint Venture Structure to Offer Prediction Markets

Hold on to your wallets, people. The new exchange will be run by this fancy joint venture, with Robinhood at the helm as the undisputed captain. Susquehanna? Well, they’re going to provide the liquidity from day one. You know, the kind of liquidity that makes the world go round – especially when Bitcoin is involved. Other market makers are likely to hop on board like excited children at a candy store, enhancing the exchange’s execution quality. Oh, the joys of competition! 🍬💰

They’ll also be acquiring MIAXdx, a CFTC-licensed Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF). Not to get too technical, but let’s just say this little acquisition is one of the first to offer regulated Bitcoin options in the US. Also, it was once part of the FTX empire, you know, before it collapsed like a poorly made house of cards. But don’t worry – Miami International Holdings is still hanging around with a 10% equity stake, probably sipping mojitos on the beach. 🍹

Robinhood is introducing a new futures and derivatives exchange and clearinghouse, deepening our investment in Prediction Markets and better positioning us to deliver innovative products to our customers.

More in our newsroom:

– Robinhood (@RobinhoodApp) November 25, 2025

Prediction Markets Momentum

Prediction markets are quickly becoming Robinhood’s fastest growing product line. And no, we’re not talking about the stock market here. More than 9 billion contracts have been traded in just one year, and over 1 million customers have taken part. It’s like a rollercoaster of wild guesses – and it’s pulling in the cash like a slot machine hitting jackpot after jackpot. 🤑🎡

The new exchange is going to serve Robinhood Derivatives and other Futures Commission Merchant (FCM) platforms. Expect a lot more futures and derivatives for traders to sink their teeth into. When? Oh, just in 2026. Don’t rush it, though. This isn’t your typical “overnight success” story. ⏳💼

HOOD Stock Performance

Now, let’s talk numbers because, well, that’s what gets all the headlines. Robinhood stock (NASDAQ: HOOD) surged over 12% on November 26, 2025, because of this bold prediction market play. The move has contributed to a jaw-dropping, year-to-date rally of over 243% for HOOD shares. Talk about making money while pretending to be a financial genius. 🎯📈

HOOD stocks | Source: Yahoo! Finance

At the time of writing, HOOD is sitting pretty at around $128.49, up from $115.57 the day before. Analysts are practically giddy over this expansion into prediction markets, with Bank of America bumping up its price target for HOOD to $157.00 and still maintaining a “buy” rating. It’s like they’ve found a new way to gamble on the future and make it look sophisticated. 🧐💸

Read More

2025-11-27 03:07