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REVENUE (Tables) | 9 Months Ended
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Sep. 30, 2022
Revenue from Contract with Customer [Abstract] |
Schedule of disaggregated revenue by source | The following table presents revenue of the Company disaggregated by revenue source (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net revenue |  |  |  |  |  |  |
Transaction revenue |  |  |  |  |  |  |
Retail, net | $ | 346,091 |  |  | $ | 1,021,967 |  |  | $ | 1,928,145 |  |  | $ | 4,305,088 |
Institutional, net | 19,777 |  |  | 67,689 |  |  | 105,973 |  |  | 255,529 |
Total transaction revenue | 365,868 |  |  | 1,089,656 |  |  | 2,034,118 |  |  | 4,560,617 |
Subscription and services revenue |  |  |  |  |  |  |
Blockchain rewards | 62,759 |  |  | 77,039 |  |  | 213,064 |  |  | 120,712 |
Custodial fee revenue | 14,532 |  |  | 31,468 |  |  | 68,404 |  |  | 86,616 |
Interest income | 101,778 |  |  | 8,389 |  |  | 144,746 |  |  | 18,190 |
Other subscription and services revenue(1) | 31,438 |  |  | 28,184 |  |  | 83,537 |  |  | 78,592 |
Total subscription and services revenue | 210,507 |  |  | 145,080 |  |  | 509,751 |  |  | 304,110 |
Total net revenue | 576,375 |  |  | 1,234,736 |  |  | 2,543,869 |  |  | 4,864,727 |
Other revenue |  |  |  |  |  |  |
Crypto asset sales revenue | 8 |  |  | 76,742 |  |  | 625 |  |  | 475,065 |
Corporate interest and other income | 13,956 |  |  | 430 |  |  | 20,606 |  |  | 1,189 |
Total other revenue | 13,964 |  |  | 77,172 |  |  | 21,231 |  |  | 476,254 |
Total revenue | $ | 590,339 |  |  | $ | 1,311,908 |  |  | $ | 2,565,100 |  |  | $ | 5,340,981 |
__________________ (1)During the third quarter of 2022, the Company rebranded the “Earn” campaign to the “Learning Rewards” campaign. $7.4 million and $15.8 million of Learning Rewards revenue is included within other subscription and services revenue for the three and nine months ended September 30, 2022, respectively. $15.2 million and $43.2 million of Learning Rewards revenue has been reclassified from its own line item into other subscription and services revenue for the three and nine months ended September 30, 2021, respectively, to conform to the current period presentation.
Schedule of revenues disaggregated by geography | In the table below are the revenues disaggregated by geography, based on domicile of the customers or booking location, as applicable (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
United States | $ | 501,963 |  |  | $ | 1,003,999 |  |  | $ | 2,125,010 |  |  | $ | 4,339,899 |
Rest of the world(1) | 88,376 |  |  | 307,909 |  |  | 440,090 |  |  | 1,001,082 |
Total revenue | $ | 590,339 |  |  | $ | 1,311,908 |  |  | $ | 2,565,100 |  |  | $ | 5,340,981 |
__________________ (1)No other individual country accounted for more than 10% of total revenue.

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