New York, Jan 21, 2026, 18:28 EST — After-hours
- Robinhood shares barely moved after-hours following MIAX’s announcement that it completed the sale of a 90% stake in MIAXdx to a joint venture between Robinhood and Susquehanna
- The deal gives Robinhood a stronger position in a regulated derivatives exchange and clearing business linked to its push into prediction markets
- Investors are zeroing in on the Feb. 10 earnings and guidance to gauge how fast Robinhood can ramp up trading on the new venue
Robinhood Markets, Inc. shares barely moved in after-hours trading Wednesday. Miami International Holdings announced it had finalized the sale of a 90% stake in MIAX Derivatives Exchange to a joint venture formed by Robinhood and Susquehanna International Group. The stock last stood at $105.92, edging up roughly 0.1% from Tuesday’s close. (SEC)
The closing is significant since Robinhood has been pushing to expand beyond stock and options trading, ramping up its focus on futures and event-driven contracts as retail activity shifts with market swings.
Investors are weighing if holding a stake in an exchange and clearing system accelerates this shift, or just introduces another regulated component that slows down monetization.
MIAX confirmed the deal took effect on Jan. 20, retaining a 10% ownership. MIAXdx operates as a Designated Contract Market and Derivatives Clearing Organization, giving it U.S. regulatory clearance to list and clear derivatives products. It holds CFTC approval to handle fully collateralized futures, options on futures, and swaps. (SEC)
Robinhood described the acquisition as a move to speed up progress in prediction markets. “The purchase of MIAXdx accelerates our investment in the prediction markets and improves our position to deliver a better experience for customers,” said JB Mackenzie, Robinhood’s vice president and general manager of futures and international, in the statement. (PR Newswire)
The deal came to light in November, with Robinhood and Susquehanna revealing their intent to acquire a regulated platform amid a wider move into prediction markets — a niche attracting renewed attention from major exchanges and traders. (Reuters)
Robinhood’s lackluster shift unfolded amid a broad U.S. stock rally, fueled by easing trade tensions. President Donald Trump unveiled a Greenland-Arctic framework deal and scrapped planned tariffs on European allies, Reuters reported. (Reuters)
Charles Schwab shares edged up roughly 0.8% in the brokerage and crypto sector, while Interactive Brokers jumped around 6%. Coinbase, on the other hand, dipped about 0.4%. Bitcoin gained nearly 2%, reaching close to $89,939.
The downside is clear-cut. Prediction markets and newer derivative products might attract regulatory attention, and any new rules or restrictions on listings could drag down the flow of fresh contracts. Plus, the business depends heavily on customer risk appetite, which can vanish fast when markets calm.
Robinhood will offer a closer look at its momentum on Feb. 10, reporting Q4 and full-year 2025 earnings after the market closes. Shareholders can submit questions from Feb. 3 until Feb. 9, ahead of a video call with CEO Vlad Tenev and incoming CFO Shiv Verma. (Globenewswire)
