Odaily Planet Daily News Zodia Markets, a cryptocurrency trading company backed by Standard Chartered Bank's venture capital department, confirmed that it is acquiring Elwood Technologies' OTC business. Financial terms have not been disclosed. Elwood said 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 said that the company's OTC business currently handles up to $60 million in trading volume per day. He did not disclose details of how much customer trading volume the deal might bring to Zodia, but said by email that the company expects "daily trading volume to increase significantly." (CoinDesk) Earlier news, Zodia Markets was in talks to acquire a stake in Elwood Technologies to acquire its OTC business. Elwood Technologies is reportedly a digital asset company backed by billionaire hedge fund manager Alan Howard.