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REVENUE (Tables)

9 Months Ended

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.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
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