{"id":132801,"date":"2024-07-10T14:00:29","date_gmt":"2024-07-10T11:00:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132801"},"modified":"2024-07-10T14:13:49","modified_gmt":"2024-07-10T11:13:49","slug":"zodia-markets-eyes-acquisition-otc-crypto-trading-service","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/zodia-markets-eyes-acquisition-otc-crypto-trading-service\/","title":{"rendered":"Zodia Markets Eyes Acquisition OTC Crypto Trading Service"},"content":{"rendered":"

According to Bloomberg\u2019s recent report<\/a><\/strong>, insiders familiar with the negotiations expect the deal to be completed by month-end.<\/p>\n

Elwood Capital is renowned for its OTC trading and settlement services in cryptocurrencies. If successful, the acquisition will provide Standart Chartered\u2019s crypto arm, Zodia Markets, with licenses to operate as a virtual asset provider and investment business in Jersey, enhancing its capabilities in OTC settlements.<\/p>\n

Established in 2021 through a partnership between Standard Chartered\u2019s venture capital division and Hong Kong\u2019s BC Technology Group, Zodia Markets briefly halted its crypto services earlier this year due to subdued market demand, as CEO Usman Ahmad disclosed in a June interview with Bloomberg.<\/p>\n