These three 2020 crypto venture funding deals are some of the industry’s largest

2020 was a historic year for many reasons. Venture funding deals in the crypto industry were no different. 

Bakkt took first place with its $300 million Series B round. Funds came from M12, Pantera Capital, PayU, CMT Digital, and Boston Consulting Group. Bakkt is tied with Coinbase for the second-largest ever funding deal in the crypto or blockchain vertical.

Up next is Ripple. It raised $200 million in Series C, led by Tetragon Financial Group. This deal was the eighth-largest of all time.

Paxos, a crypto brokerage and infrastructure provider, took third place with its $142 million Series C round. The funding sought to grow the company’s stablecoins as well as trading and settlement and made it the tenth-largest funding deal ever in the crypto/blockchain industry.

For more information on the largest crypto and blockchain funding deals this year, check out The Block Research.