Robinhood, Susquehanna seek to acquire 90% stake in LedgerX

Robinhood and U.S. investment firm Susquehanna International Group (SIG) are pursuing the acquisition of a 90% stake in the derivatives exchange LedgerX, Bloomberg reported. The specific terms of the deal were not disclosed. LedgerX is a subsidiary of the global financial exchange Miami International Holdings Inc. (MIAX), which was previously owned by FTX. In the proposed transaction, Robinhood is set to act as the primary partner, with Susquehanna serving as the liquidity provider.