Robinhood and Susquehanna to acquire a 90% stake in LedgerX from Miami International Holdings.

Robinhood, an American financial services company, and Susquehanna, a privately held, global trading and technology firm, agreed to acquire a 90% stake in LedgerX, a developer of an institutional derivatives exchange platform for digital currencies, from Miami International Holdings, an exchange holding company. Financial terms are not disclosed. “Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum. Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers,” JB Mackenzie, Robinhood VP and General Manager of Futures and International.