Paxos $300M Series D Fundraise Takes its Valuation to $2.4 billion

Paxos, the cryptocurrency exchange has raised another $300 million in a Series D funding round taking their valuation to $2.4 billion. The funding round was led by Oak HC/FT and saw participation from early investors like Declaration Partners, PayPal Ventures, and Mithril Capital. The Series D funding round comes just months after the company had raised $42 million in a Series C funding round in December last year.