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Zodia Markets has announced that it will acquire Elwood Technologies over the counter division

Standard Chartered-backed cryptocurrency trading firm Zodia Markets said it is acquiring Elwood Technologies' over the counter unit, confirming media reports that the unit is up for sale and sale talks are ongoing. The company said Monday that Elwood, backed by billionaire Alan Howard, will focus on its trading technology software-as-a-service (SaaS) products and services after transferring the business.