ChainCatcher news, cryptocurrency trading company Zodia Markets, supported by Standard Chartered Bank's venture capital division, announced that it is acquiring the OTC business of Elwood Technologies, with financial terms undisclosed.Elwood stated on Monday that after selling this business, the company will focus on its trading technology software as a service (SaaS) products and services.Zodia Markets CEO Usman Ahmad mentioned that the company's OTC business currently handles trading volumes of up to $60 million daily. He did not disclose details on how much customer trading volume this deal might bring to Zodia, but stated via email that the company expects "daily trading volumes to increase significantly."Previous news, Zodia Markets is in talks to acquire a stake in Elwood Technologies to gain its OTC business, which is reportedly a digital asset company backed by billionaire hedge fund manager Alan Howard.

ChainCatcher news, according to Bloomberg, Standard Chartered's cryptocurrency subsidiary Zodia Markets is in talks to acquire a stake in Elwood Technologies, a digital asset company backed by billionaire hedge fund manager Alan Howard.

ChainCatcher news, according to CoinDesk, the digital asset trading platform Zodia Markets, supported by Standard Chartered Bank, has obtained registration as a Virtual Asset Service Provider (VASP) from the Central Bank of Ireland. This registration will enable Zodia Markets to provide over-the-counter (OTC) and trading services to institutional clients.It is reported that the company obtained a similar license in the UK last year and received a license in Abu Dhabi last month, now having a licensed entity in the EU. With the upcoming implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), it will, in principle, be easier for crypto companies licensed in one EU member state to obtain the necessary licenses to operate in the other 26 countries.Additionally, Ireland has become a popular destination for crypto companies, possibly due to its favorable tax regime. Coinbase designated Ireland as its EU hub earlier this month.